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 | $968 | $634 | $1,900 |
| Peabody 1 Bedroom Apartments | $1,184 | $695 | $1,978 |
| Peabody 2 Bedroom Apartments | $1,430 | $625 | $3,400 |
| Peabody 3 Bedroom Apartments | $2,357 | $1,375 | $6,756 |
| Peabody 4 Bedroom Apartments | $2,628 | $1,500 | $5,843 |
There are currently 29 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!
1 Month Free- Almost Gone! 1 month free on select apartments, but availability is limited!Expires 01-15-2026
Go big from day one: First full month FREE plus a second month FREE of your choice to use anytime during your lease term. Apply now and move in by 1/27/26.Expires 01-15-2026
Opening Early 2026! Secure your place today by applying for our preleasing waitlist. Be among the first to choose your ideal floor plan, floor level, or scenic view before theyre gone!Expires 01-15-2026
Special-$200 off move in if application is received within 48 hours of touring.Expires 01-15-2026
Looking for a new place this year? Studios to three-bedroom apartments available that include a $175 per month discount special. Move in during January and get February rent free.Expires 01-15-2026
Move In by January 20th and Receive Reduced Rates Plus Half Off First Two Months!Expires 01-15-2026
Holiday Special! Now through the end of the year, enjoy $500 off your first full month when you move in!Expires 01-15-2026
Up to TWO MONTHS FREE! *Restrictions and Additional Specials Apply - Speak to your Leasing Agent for more details. Current residents and residential transfers do not apply to these specials - for renewal specials, contact your leasing office.Expires 01-15-2026
**LEASING SPECIAL** Lease and move-in by 1/23 and receive $500 OFF February rent!* Don't miss out! This offer won't last long! Contact us TODAY for more information! *Restrictions may apply.Expires 01-15-2026
One month freeExpires 01-15-2026
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.
Be the first to live at the fabulous Madison Lofts! Scheduled tours are now available. Call to see why Madison Lofts is the only address to call home.Expires 05-31-2026
Call today for details on our latest move-in specials!Expires 02-07-2026
Call today for details on our latest move-in specials!Expires 02-07-2026
Call for Availability!Expires 01-31-2026
One Month Rent Free: Must qualify and move in by 1/25/26.Expires 02-06-2026
Sign a 12-month lease and move in by January 31st to receive your winter savings: $300 off per month for the first 6 months $150 off per month for the full 12 months PLUS, we are waiving the $150 setup fee for a limited time.Expires 01-31-2026
LIMITED-TIME RENT SPECIAL – $1,800 SAVINGS! Sign a 12-month lease by the end of December and receive $1,800 off rent, applied in one of the following ways: $300 off per month for the first 6 months, or $150 off per month for the full 12 months PLUS, we’re waiving the $150 setup fee for a limited time!Expires 01-16-2026
HOLIDAY SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 01-31-2026
HOLIDAY SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 01-31-2026
HOLIDAY SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 01-31-2026
Where 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 1154 Wilson St listed at $699.
The average rent for a Rent Specials Apartment in Peabody is $1,355.
Today's Rent Specials apartment with the most square footage in Peabody is a 1,904 square feet unit starting from $1,751 at Parcels at Concourse.
The average size for a Rent Specials rental in Peabody is currently at 658 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: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
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