
Apartments for Rent with Specials in the Peabody Neighborhood of Memphis, TN (29 Rentals)
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.


Link Apartments® Broad Ave

Bristol On Union Apartment Homes

The Citizen Apartments

Azur Tower

Georgian Woods

Kings Reserve Memphis
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

The Midtowner

Urban Peddler

The Residence

The Biltmore - McAlpin Apartments

1154 Wilson St

200 Stonewall St

Central Gardens
The Art of the Rental Viewing: What to look for during a property tour
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.

The Flats at Overton

Madison Gardens Apartments

Madison Lofts

Village Square

Peabody Place

Parcels at Concourse

The Galloway @ Evergreen
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Parkside Poplar Apartments

Parkway Place Apartments

Peabody Falls Apartments

Belvedere Place

The Linden

1733 Poplar Ave

Overton Place
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

180 Clark Pl
Peabody, Memphis, TN Local Guide

How much does it cost to rent an apartment in Peabody?
| 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 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Peabody Neighborhood of Memphis, TN.
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Peabody, Memphis, TN Local Guide
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Top Memphis Apartments in the Peabody Area with Move-In Specials Ending Soon
Specials updated: 01-14-2026Take 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!
Parcels at Concourse
1 Month Free- Almost Gone! 1 month free on select apartments, but availability is limited!Expires 01-15-2026
Bristol On Union Apartment Homes
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
Parkview Apartments
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
Central Gardens
Special-$200 off move in if application is received within 48 hours of touring.Expires 01-15-2026
Kings Reserve Memphis
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
Azur Tower
Move In by January 20th and Receive Reduced Rates Plus Half Off First Two Months!Expires 01-15-2026
Overton Place
Holiday Special! Now through the end of the year, enjoy $500 off your first full month when you move in!Expires 01-15-2026
Link Apartments® Broad Ave
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
Georgian Woods
**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
The Linden
One month freeExpires 01-15-2026
Newly Listed Move-In Specials offers for Apartments in Peabody, TN
Specials updated: 01-14-2026Here 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.
Madison Lofts
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
The Flats at Overton
Call today for details on our latest move-in specials!Expires 02-07-2026
Village Square
Call today for details on our latest move-in specials!Expires 02-07-2026
1733 Poplar Ave
Call for Availability!Expires 01-31-2026
The Midtowner
One Month Rent Free: Must qualify and move in by 1/25/26.Expires 02-06-2026
Urban Peddler
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
The Residence
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
Peabody Falls Apartments
HOLIDAY SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 01-31-2026
Peabody Place
HOLIDAY SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 01-31-2026
Madison Gardens Apartments
HOLIDAY SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires 01-31-2026
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
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 ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover 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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
The 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.
Pet Friendly LifestylePeabody, Memphis, TN
Ranked #5
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Rent Specials Peabody Apartments
What is the Cheapest Rent Specials apartment in Peabody?
Currently the most affordable Rent Specials Apartment in Peabody is at 1154 Wilson St listed at $699.
How much is the average rent for a Rent Specials Peabody Apartment?
The average rent for a Rent Specials Apartment in Peabody is $1,355.
What is the largest Rent Specials Peabody Apartment for rent?
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.
What is the average size for Peabody Rent Specials Apartments for rent?
The average size for a Rent Specials rental in Peabody is currently at 658 sq ft.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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.

Renting with Roommates: Realistic Expectations for Shared Lease
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.

Apartment Common Area Rules: What Renters Need to Know
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.