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Cheap Apartments for Rent in the Tobey Park Neighborhood of Memphis, TN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Tobey Park area of Memphis.
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Showing Results 1-18, Page 1 of 1
Tobey Park, Memphis, TN Local Guide
How much does it cost to rent an apartment in Tobey Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tobey Park 1 Bedroom Apartments | $948 | $750 | $1,010 |
| Tobey Park 2 Bedroom Apartments | $1,170 | $899 | $1,850 |
| Tobey Park 3 Bedroom Apartments | $1,507 | $1,149 | $2,200 |
| Tobey Park 4 Bedroom Apartments | $1,579 | $1,276 | $1,766 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Tobey Park Neighborhood of Memphis, TN.
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Tobey Park, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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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. Audubon Downs has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. Here are the most affordable Tobey Park apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 165 N Merton | 1BR/1.0BA | 1BR,1BA | $550 |
| Audubon Downs | Two Bedroom | 2BR,1BA | $899 |
| Addison Apartments III | Addison I | 2BR,1BA | $995 |
| Hollywood Square | 2BD/1BA Upstairs | 2BR,1BA | $995 |
| Georgian Woods | 2x1 | 2BR,1BA | $999 |
Best Value Apartments for Rent in Tobey Park, TN
As of October 13, 2025 the best value apartment in the Tobey Park area is the $1.00 price per square foot 2BD/1BA Upstairs Model at Hollywood Square in the in the East Memphis neighborhood starting from $995. The second greatest value Tobey Park apartment is the Two Bedroom Model at Audubon Downs starting at $899 with a $0.93 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hollywood Square | 2BD/1BA Upstairs | 2BR,1BA | $1.00 |
| Audubon Downs | Two Bedroom | 2BR,1BA | $0.93 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.11 |
| Addison Apartments III | Addison I | 2BR,1BA | $1.28 |
| Central Lofts | Madison | 1BR,1BA | $2.20 |
| 165 N Merton | 1BR/1.0BA | 1BR,1BA | $4.40 |
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Pet Friendly LifestyleTobey Park, Memphis, TN
Ranked #60
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Tobey Park Apartments
What is the lowest price for a Cheap Two Bedroom Tobey Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Tobey Park is starting from $899 at Audubon Downs.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.