
Apartments for Rent in the Peabody Neighborhood of Memphis, TN Under $600 (9 Rentals)


1312 Richmond Ave

165 N Merton

Medical Center Apartments
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Peach Apartments

230 Cochran St

Divine Properties Complex

321 Pauline St
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411 Tillman St
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 | $965 | $634 | $1,500 |
| Peabody 1 Bedroom Apartments | $1,225 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,417 | $695 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,778 | $825 | $3,400 |
| Peabody 4 Bedroom Apartments | $2,100 | $1,850 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 9 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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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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Peabody
How much are Studio apartments in Peabody?
There are currently 350 Studio Apartments in Peabody with rent ranges from $634 to $1,500 with an average price of $965.
What is the current price range for One Bedroom Peabody Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Peabody ranges from $695 to $2,300 with an average monthly rent of $1,225.
What does renting a Two Bedroom Apartment in Peabody cost?
The monthly rent prices of Two Bedroom Apartments currently available in Peabody range from $695 to $3,400. Today's average rental price for Two Bedrooms here is $1,417.
How expensive are Peabody Three Bedroom Apartments?
There are currently 36 Three Bedroom Apartments listings available in Peabody on ApartmentHomeLiving.com. The pricing ranges from $825 to $3,400 - averaging $1,778 for the location.
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.
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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.