Apartments for Rent in the Peabody Neighborhood of Memphis, TN Under $800 (65 Rentals)

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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.

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property at 1760 Foster Ave

$740 - $1,645

1 To 4 Bedroom Rentals

Available Now

1760 Foster Ave

MemphisTN38114

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.

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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.

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property at 128 Stonewall St

$765

Total Monthly Price

Total Monthly Price

Base Rent
$765
Total Monthly Price
$765

1 Bedroom, 1 Bath Home for Rent

Available Now

128 Stonewall St, Unit 7

128 Stonewall St
MemphisTN38104
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669-677 Harrell St
Studio to 1 Bedroom Apartments

669-677 Harrell St

669-677 Harrell StMemphis, TN 38112

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.

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Edgewood Townhomes
2 Bedroom Apartments

Edgewood Townhomes

1903 S Parkway EMemphis, TN 38114
  • Utilities Included
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165 N Merton
1 Bedroom Apartments

165 N Merton

165 N Merton StMemphis, TN 38112
Student Housing
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Monroe Flats
1 Bedroom Apartments

Monroe Flats

1490 Monroe AveMemphis, TN 38104
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The Vinton
2 Bedroom Apartments

The Vinton

1307 Vinton AveMemphis, TN 38104
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144 N. Belvedere
2 Bedroom Apartments

144 N. Belvedere

144 N Belvedere BlvdMemphis, TN 38104
Showing Results 1-50, Page 1 of 2

Peabody, Memphis, TN Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid 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.

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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!

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Don'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.

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The 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.

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Cash 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.

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Quick 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.

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Pet Friendly Lifestyle
Peabody, Memphis, TN

Ranked #3

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Peabody

How much are Studio apartments in Peabody?

There are currently 349 Studio Apartments in Peabody with rent ranges from $634 to $2,079 with an average price of $977.

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 $1,160.

What does renting a Two Bedroom Apartment in Peabody cost?

The monthly rent prices of Two Bedroom Apartments currently available in Peabody range from $725 to $3,400. Today's average rental price for Two Bedrooms here is $1,366.

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 $6,316 - averaging $1,952 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

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.