Cheap Apartments for Rent in the Tobey Park Neighborhood of Memphis, TN from $500 (26 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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165 N Merton
1 Bedroom Apartments

165 N Merton

165 N Merton StMemphis, TN 38112
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Eastern Heights
1 to 3 Bedroom Apartments

Eastern Heights

281 Johnson Cir WMemphis, TN 38112
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The Marie
2 Bedroom Apartments

The Marie

160 Hayden PlMemphis, TN 38111
Showing Results 1-26, Page 1 of 1

Tobey Park, Memphis, TN Local Guide

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. Tillman Cove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. 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
Tillman Cove1-B TYPE B 60%1BR,1BA$839
Audubon DownsTwo Bedroom2BR,1BA$899
Hollywood Square2BD/1BA Downstairs2BR,1BA$995
Addison Apartments IIIAddison 32BR,1BA$995
2246 Vinton AveStunning2BR,1BA$1,250
Central LoftsMadison1BR,1BA$1,425

Best Value Apartments for Rent in Tobey Park, TN

As of August 28, 2025 the best value apartment in the Tobey Park area is the $1.00 price per square foot 2BD/1BA Downstairs 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hollywood Square2BD/1BA Downstairs2BR,1BA$1.00
Audubon DownsTwo Bedroom2BR,1BA$0.93
2246 Vinton AveStunning2BR,1BA$1.60
Addison Apartments IIIAddison I2BR,1BA$1.37
Tillman Cove1-A TYPE B 70%1BR,1BA$1.52
Central LoftsMadison1BR,1BA$2.20
165 N Merton1BR/1.0BA1BR,1BA$4.40

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Pet Friendly Lifestyle
Tobey Park, Memphis, TN

Ranked #60

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $7,780.

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 2 regular apartments in Tobey Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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