525 Baltimore St
MemphisTN38111
Cheap Homes for Rent in Peabody Neighborhood of Memphis, TN from $500 (47 Rentals)
Search the lowest-cost Homes available for rent right now in the Peabody area of Memphis.
755 Baltimore St
MemphisTN38114
1320 Faxon Ave
MemphisTN38104
802 Cella St
MemphisTN38114
1459 Cooper St
MemphisTN38114
1507 Wilson St
MemphisTN38106
677 Buntyn St
MemphisTN38114
2115 Bennett Ave
MemphisTN38114
42 N Claybrook St
MemphisTN38104
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
802 PENDLETON St
MemphisTN38114
2766 Union Ave
MemphisTN38111
858 PENDLETON St
MemphisTN38114
2158 Lowell Ave
MemphisTN38114
496 Belt Line St
MemphisTN38111
2574 Pershing Ave
MemphisTN38112
1460 Castalia St
MemphisTN38114
1066 Greenlaw Ave
MemphisTN38105
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.
1470 Ethlyn Ave
MemphisTN38106
2168 Carnes Ave
MemphisTN38114
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2374 Larose Ave
MemphisTN38114
150 N McLean Blvd
MemphisTN38104
2031 Quinn Ave
MemphisTN38114
66 S Merton St
MemphisTN38112
550 Marianna St
MemphisTN38111
380 N Willett St
MemphisTN38112
1377 Wabash Ave
MemphisTN38106
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.
1593 Waverly Ave
MemphisTN38106
2906 Mimosa Ave
MemphisTN38112
2093 Jefferson Ave
MemphisTN38104
2428 Lamar Cir
MemphisTN38114
2426 Lamar Cir
MemphisTN38114
2076 Goff Ave
MemphisTN38114
2619 Hale Ave
MemphisTN38112
2617 Hale Ave
MemphisTN38112
38 S Bingham St
MemphisTN38112
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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.
1372 Orgill Ave
MemphisTN38106
1667 Foster Ave
MemphisTN38106
773 Eva St
MemphisTN38112
2692 Select Ave
MemphisTN38114
316 S Cleveland St
MemphisTN38104
45 S Bingham St
MemphisTN38112
1248 Greenwood St
MemphisTN38106
Showing Results 1-47, Page 1 of 1
Peabody, Memphis, TN Local Guide
How much does it cost to rent a home in Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody 2 Bedroom Homes for Rent | $1,601 | $550 | $10,000+ |
| Peabody 3 Bedroom Homes for Rent | $1,737 | $900 | $3,000 |
| Peabody 4 Bedroom Homes for Rent | $1,861 | $950 | $3,750 |
| Peabody 5 Bedroom Homes for Rent | $2,958 | $1,250 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 47 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
- Nearby Memphis neighborhoods
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Cheapest Available Peabody Apartments for Rent
The cheapest available apartment rental in the Peabody area of Memphis, TN is a 1 Bed unit found at 165 N Merton priced from $550. Village Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Peabody apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 165 N Merton | 1BR/1.0BA | 1BR,1BA | $550 |
| Village Square | 2054 #3 (Coming Soon) | 1BR,1BA | $695 |
| Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Overton Place | Studio | Studio,1BA | $725 |
| Belvedere Gardens Condominiums | 1x1 Bath | 1BR,1BA | $775 |
| Pulse | A1 | 1BR,1BA | $779 |
| 144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $795 |
| Kimbrough Towers | A2 | 1BR,1BA | $800 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $800 |
| Midtown Place | St Regis - 1B1B | 1BR,1BA | $806 |
Best Value Apartments for Rent in Peabody, TN
As of July 21, 2025 the best value apartment in the Peabody area is the $0.89 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,500. The second greatest value Peabody apartment is the 151 N Evergreen St Model at 151 N Evergreen St, Unit 151 N Evergreen starting at $1,600 with a $0.97 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Peabody apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1468 Snowden Ave | Spacious | 2BR,1.5BA | $0.89 |
| 151 N Evergreen St, Unit 151 N Evergreen | 151 N Evergreen St | 3BR,1BA | $0.97 |
| Hollywood Square | 3BD/1BA Upstairs | 3BR,1BA | $0.96 |
| Stonewall Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.81 |
| Idlewild Terrace | 2BR/1.0BA | 2BR,1BA | $0.89 |
| Audubon Downs | Two Bedroom | 2BR,1BA | $0.93 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.08 |
| 1058 Peabody Ave | 1058 Peabody Ave - 12 | 1BR,1BA | $1.04 |
| Parkside Poplar Apartments | 1 Bedroom | 1BR,1BA | $1.05 |
| 144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $1.06 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Peabody
What type of rentals are currently available in Peabody?
There are currently 646 Apartments for Rent in Peabody, TN with pricing that ranges from $200 to $13,450. There are also 169 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $550 to $16,000.
What is the current price range for Rental Homes in Peabody?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peabody ranges from $550 to $16,000 with an average monthly rent of $1,817.
How much are larger Three and Four Bedroom Rentals in Peabody?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peabody range from $1,000 to $3,755, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,000. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $2,100.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.