3042 McAdoo Ave
MemphisTN38112
Cheap Homes for Rent in the Tobey Park Neighborhood of Memphis, TN from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Tobey Park area of Memphis.
291 Red Oak St
MemphisTN38112
2464 Monroe Ave
MemphisTN38112
4 N Holmes St
MemphisTN38111
585 E Pkwy S
MemphisTN38104
420 Hodges St
MemphisTN38111
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.
682 Boston St, Unit 1 - 682
682 Boston St
MemphisTN38114
682 BOSTON St
MemphisTN38114
157 Roberta Dr
MemphisTN38112
2673 Midland Ave
MemphisTN38111
166 Eastview Dr
MemphisTN38111
72 S Larchmont Dr
MemphisTN38111
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-12, Page 1 of 1
Tobey Park, Memphis, TN Local Guide
How much does it cost to rent a home in Tobey Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tobey Park 2 Bedroom Homes for Rent | $1,130 | $795 | $1,750 |
| Tobey Park 3 Bedroom Homes for Rent | $1,881 | $950 | $2,795 |
| Tobey Park 4 Bedroom Homes for Rent | $1,775 | $1,340 | $2,495 |
| Tobey Park 5 Bedroom Homes for Rent | $2,050 | $2,050 | $2,050 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Tobey Park Neighborhood of Memphis, TN.
Explore Memphis
Let everyone know!
Do you know the Tobey Park area?
If you’re an expert on all things Tobey Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 165 N Merton | 1BR/1.0BA | 1BR,1BA | $550 |
| Brentwood Parc | 2 Bed/ 2 Bath | 2BR,1BA | $750 |
| Audubon Downs | One Bedroom | 1BR,1BA | $854 |
| Merton Court | 2 bedroom x 1 bath | 2BR,1BA | $975 |
| Hollywood Square | 2BD/1BA Downstairs | 2BR,1BA | $995 |
Best Value Apartments for Rent in Tobey Park, TN
As of July 29, 2026 the best value apartment in the Tobey Park area is the $1.18 price per square foot 3 Beds, 2 Baths Model at Lenox School Condo in the in the East Memphis neighborhood starting from $2,950. The second greatest value Tobey Park apartment is the 3BD/1BA Downstairs Model at Hollywood Square starting at $1,225 with a $1.02 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. |
|---|---|---|---|
| Lenox School Condo | 3 Beds, 2 Baths | 3BR,2BA | $1.18 |
| Hollywood Square | 3BD/1BA Downstairs | 3BR,1BA | $1.02 |
| 2291-2293 Madison Ave | 3 Beds, 2 Baths | 3BR,2BA | $1.55 |
| Brentwood Parc | 2 Bed/ 2 Bath Towhnome | 2BR,2BA | $0.83 |
| Merton Court | 2 bedroom x 1 bath | 2BR,1BA | $1.08 |
| Audubon Downs | One Bedroom | 1BR,1BA | $1.01 |
| Addison Apartments III | Addison I | 2BR,1BA | $1.28 |
| 165 N Merton | 1BR/1.0BA | 1BR,1BA | $4.40 |
Frequently Asked Questions about Tobey Park
What type of rentals are currently available in Tobey Park?
There are currently 99 Apartments for Rent in Tobey Park, TN with pricing that ranges from $750 to $1,604. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $675 to $2,795.
What is the current price range for Rental Homes in Tobey Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Tobey Park ranges from $675 to $2,795 with an average monthly rent of $1,528.
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.
Helpful Local Expert Guides
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.