
Homes for Rent in Peabody Neighborhood of Memphis, TN Under $1,500 (115 Rentals)


2030 Young Ave

1524 N Parkway

1544 Court Ave

2628 Union Ave

1540 Tutwiler Ave

1542 Tutwiler Ave

2011 Waverly

2464 Monroe Ave

159 N Belvedere Blvd
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.

2086 Harbert Ave

1386 Court Ave

665 E Pkwy S

2300 Elzey Ave

336 S Dudley St

1928 Southern Ave

665 E Pkwy S

2038 Southern Ave

2038 Southern Ave

749 Bey St
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.

2730 Barron Ave

769 Hilton St

725 Kent St

2717 Carnes Ave

2415 Arlington Ave

1917 Cloverdale Dr

2325 Riley Ave

2917 Yale Ave

2712 Fizer Rd

668 Stonewall St
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.

1390 Grand St

2426 Lamar Cir

1450 Gold Ave

1571 Court Ave

2004 Walker Ave

1941 Quinn Ave

1687 Tutwiler Ave

644 Kent St

2967 Forest Ave

985 Galloway Ave
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.

318 Red Oak St

2853 Choctaw Ave

2855 Choctaw Ave

1325 Bruce St

1430 E McLemore Ave

2971 Forest Ave

1589 Mississippi Blvd

1707 Glenview Ave

2628 Union Ave Extended

694 Hamilton St
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 | $1,144 | $650 | $2,000 |
| Peabody 3 Bedroom Homes for Rent | $1,640 | $750 | $3,200 |
| Peabody 4 Bedroom Homes for Rent | $1,824 | $1,195 | $2,950 |
| Peabody 5 Bedroom Homes for Rent | $2,815 | $1,800 | $4,900 |
| Peabody 6 Bedroom Homes for Rent | $3,700 | $2,200 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 115 rentals with your search options within a 2 mile radius of the Peabody Neighborhood of Memphis, TN.
Explore Memphis
Peabody, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Peabody
What type of rentals are currently available in Peabody?
There are currently 645 Apartments for Rent in Peabody, TN with pricing that ranges from $634 to $7,173. There are also 210 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peabody ranging from $650 to $5,500.
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 $650 to $5,500 with an average monthly rent of $1,999.
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 $1,150 to $7,173, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,500.
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.

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.

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.

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.