3089 Waynoka Ave
MemphisTN38111
Cheap Homes for Rent in Tobey Park Neighborhood of Memphis, TN from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Tobey Park area of Memphis.
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2766 Union Ave
MemphisTN38111
785 E Pkwy S
MemphisTN38104
642 Safari Dr
MemphisTN38111
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$9503 Bedroom Apartments Available Now
640 Aspire Ln, Unit 101
640 Aspire LnMemphis, TN 38111
257 Buntyn St
MemphisTN38111
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
524 S Greer St
MemphisTN38111
93 Eastview Dr
MemphisTN38111
665 Marechalneil St
MemphisTN38114
667 Marechalneil St
MemphisTN38114
696 S Greer St
MemphisTN38111
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Showing Results 1-15, 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 | $1,066 | $695 | $1,675 |
| Tobey Park 3 Bedroom Homes for Rent | $1,711 | $1,190 | $2,650 |
| Tobey Park 4 Bedroom Homes for Rent | $1,732 | $1,250 | $2,495 |
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 15 rentals with your search options within a 2 mile radius of the Tobey Park Neighborhood of Memphis, TN.
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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. 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 |
| Georgian Woods | 2x1 | 2BR,1BA | $979 |
| Tillman Cove | 1-B 70% | 1BR,1BA | $991 |
Best Value Apartments for Rent in Tobey Park, TN
As of April 24, 2026 the best value apartment in the Tobey Park area is the $1.04 price per square foot 3 Bed 2 Bath Model at Parkway Arms Apartments in the in the East Memphis neighborhood starting from $1,450. 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. |
|---|---|---|---|
| Parkway Arms Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.04 |
| Hollywood Square | 3BD/1BA Downstairs | 3BR,1BA | $1.02 |
| Brentwood Parc | 2 Bed/ 2 Bath Towhnome | 2BR,2BA | $0.83 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.09 |
| Tillman Cove | 2-G TYPE B 60% BDC | 2BR,2BA | $2.08 |
| Addison Apartments II | 2 Beds, 1 bath | 2BR,1BA | $1.17 |
| Audubon Downs | One Bedroom | 1BR,1BA | $1.01 |
| 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 92 Apartments for Rent in Tobey Park, TN with pricing that ranges from $750 to $1,850. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $695 to $2,650.
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 $695 to $2,650 with an average monthly rent of $1,331.
How much are larger Three and Four Bedroom Rentals in Tobey Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Tobey Park range from $895 to $1,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,190 to $2,650. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $1,511.
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.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.