Apartments in the Peabody area of Memphis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody Studio Apartments | $970 | $634 | $1,500 |
| Peabody 1 Bedroom Apartments | $1,172 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,339 | $695 | $3,400 |
| Peabody 3 Bedroom Apartments | $2,023 | $825 | $7,177 |
| Peabody 4 Bedroom Apartments | $1,857 | $1,500 | $2,300 |
There are currently 39 rentals with your search options within a 2 mile radius of the Peabody Neighborhood of Memphis, TN.
See all Apartments in MemphisTake advantage of these move-in and rent specials that are ending soon for top Peabody, TN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
Special-$200 off move in if application is received within 48 hours of touring.Expires 05-01-2026
Move In by April 30th and Receive Reduced Rates Plus Half Off First Two Months!Expires 05-01-2026
One month free on select units! Call for Details!Expires 05-01-2026
Spring Move-In Bonus $500 OFF first your month's rent $50 Gas Card EVERY month for 6 months!Expires 05-01-2026
$500 Off! *Restrictions and Additional Specials Apply. Must be on a 12 month lease and move in by 5/31/2026. Contact our leasing team to learn more!Expires 05-02-2026
One Month Free Rent + 2 weeks free rent if you look and lease within 24 hours of touring! Contact our office for more details!!Expires 05-02-2026
Call for our special Spring rates! 901-582-6609Expires 05-02-2026
One Month Free!! Move in within the next two weeks and save! Contact leasing center for details.Expires 05-02-2026
Call for our special Spring rates!Expires 05-02-2026
Call today for details on our latest move-in specials!Expires 05-02-2026
Here are the most recently added special offers for renters looking to find the best deals on apartments in Peabody, TN. Be sure to take advantage of some of the area’s top offers.
Call today for details on our latest move-in specials!Expires 05-02-2026
Call today for details on our latest move-in specials!Expires 05-31-2026
Call today for details on our latest move-in specials!Expires 07-04-2026
Call for this beautiful unit!Expires 05-31-2026
Call for this beautiful unit!Expires 05-31-2026
Call for this gorgeous unit!Expires 05-31-2026
SPECIAL!! Move In Today At A Special One-Year Lease Rate At The Biltmore-McAlpin Apartments!! NEW TENANTS ENJOY 1/2 OFF THE FIRST MONTH RENT!Expires 06-30-2026
RENT SPECIAL!! Move In Today At A Special One-Year Lease Rate At The Galloway Apartments!! NEW TENANTS ENJOY 1/2 OFF THE FIRST MONTH RENT!Expires 06-30-2026
SPRING SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 06-30-2026
Limited-Time Offer: 50% Off Your First Month – Move In Today!Expires 06-30-2026
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read ArticleAvoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleWhere do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read ArticleDiscover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleMoving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleDiscover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleThe common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
If you’re an expert on all things Peabody, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewAmong cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Currently the most affordable Rent Specials Apartment in Peabody is at Kings Reserve Memphis listed at $725.
The average rent for a Rent Specials Apartment in Peabody is $1,344.
Today's Rent Specials apartment with the most square footage in Peabody is a 1,902 square feet unit starting from $775 at Central Gardens.
The average size for a Rent Specials rental in Peabody is currently at 628 sq ft.
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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