Cheap Apartments for Rent in the Tobey Park Neighborhood of Memphis, TN from $500 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Tobey Park area of Memphis.

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37-47 Merton St
2 Bedroom Apartments

37-47 Merton St

37-47 Merton StMemphis, TN 38112
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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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The Marie
1 to 2 Bedroom Apartments

The Marie

160 Hayden PlMemphis, TN 38111

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Showing Results 1-19, Page 1 of 1

Cheapest Available Tobey Park Apartments for Rent

 

The cheapest available apartment rental in the Tobey Park area of Memphis, TN is a 1 Bed unit found at 165 N Merton priced from $550. Brentwood Parc has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable Tobey Park apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
165 N Merton1BR/1.0BA1BR,1BA$550
Brentwood Parc2 Bed/ 2 Bath2BR,1BA$750
Audubon DownsOne Bedroom1BR,1BA$854
Georgian Woods2x12BR,1BA$950
Merton Manor2 bedroom x 1 bath2BR,1BA$975

Best Value Apartments for Rent in Tobey Park, TN

As of June 01, 2026 the best value apartment in the Tobey Park area is the $0.83 price per square foot 2 Bed/ 2 Bath Towhnome Model at Brentwood Parc in the in the East Memphis neighborhood starting from $850. The second greatest value Tobey Park apartment is the 2BD/1BA Downstairs Model at Hollywood Square starting at $995 with a $1.00 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Tobey Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
Hollywood Square2BD/1BA Downstairs2BR,1BA$1.00
2289 Monroe Ave, Unit 22892289 Monroe Ave1BR,1BA$0.91
Georgian Woods2x12BR,1BA$1.06
Merton Manor2 bedroom x 1 bath2BR,1BA$1.08
Tillman Cove2-G TYPE B 60% BDC2BR,2BA$2.08
Audubon DownsOne Bedroom1BR,1BA$1.01
165 N Merton1BR/1.0BA1BR,1BA$4.40

Frequently Asked Questions about Cheap Tobey Park Apartments

What is the price of a cheap apartment in Tobey Park?

The cheapest apartment in Tobey Park is 165 N Merton which is listed at $550, while the average apartment in Tobey Park costs $1,050.

What types of apartments are the cheapest in Tobey Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Tobey Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Tobey Park?

Cheap apartments in Tobey Park have an average cost of $289 which is $761 cheaper than the average rent for all rentals in Tobey Park.

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.

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