Cheap Apartments for Rent in the Tobey Park Neighborhood of Memphis, TN from $500 (18 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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Hollywood Square
$995 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,105
Required Monthly Fees
$45
Total Monthly Price
$995 - $1,150
2 to 3 Bedroom Apartments Available Now

Hollywood Square

170 N Hollywood StMemphis, TN 38112
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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
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The Marie
1 to 2 Bedroom Apartments

The Marie

160 Hayden PlMemphis, TN 38111

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Showing Results 1-18, 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. 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-A TYPE B 60%1BR,1BA$839
Audubon DownsTwo Bedroom2BR,1BA$849
Hollywood Square2BD/1BA Upstairs2BR,1BA$995
Georgian Woods2x12BR,1BA$999

Best Value Apartments for Rent in Tobey Park, TN

As of March 02, 2026 the best value apartment in the Tobey Park area is the $0.93 price per square foot 2 Bed 2 Bath Model at Parkway Arms Apartments in the in the East Memphis neighborhood starting from $1,300. The second greatest value Tobey Park apartment is the 2BD/1BA Upstairs 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.
Parkway Arms Apartments2 Bed 2 Bath2BR,2BA$0.93
Hollywood Square2BD/1BA Upstairs2BR,1BA$1.00
Audubon DownsTwo Bedroom2BR,1BA$0.88
Georgian Woods2x12BR,1BA$1.11
Tillman Cove2-G TYPE B 60% BDC2BR,2BA$2.08
165 N Merton1BR/1.0BA1BR,1BA$4.40

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 $849 at Audubon Downs.

What is the most affordable Tobey Park Three Bedroom Apartment?

The best deal on a cheap Tobey Park Three Bedroom Apartment rental is at Hollywood Square and starts from $1,150.

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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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