529 Baltimore St
MemphisTN38111
Cheap Homes for Rent in Tobey Park Neighborhood of Memphis, TN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Tobey Park area of Memphis.
3042 McAdoo Ave
MemphisTN38112
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
2766 Union Ave
MemphisTN38111
2766 Union Ave
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.
2766 Union Ave
MemphisTN38111
783 E Pkwy S
MemphisTN38104
673 S Greer St
MemphisTN38111
2603 Carnes Ave
MemphisTN38114
3089 Waynoka Ave
MemphisTN38111
118 Eastview Dr
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.
536 Boston St
MemphisTN38111
Showing Results 1-13, 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 | $1,166 | $795 | $1,940 |
| Tobey Park 3 Bedroom Homes for Rent | $1,486 | $850 | $2,100 |
| Tobey Park 4 Bedroom Homes for Rent | $1,830 | $1,150 | $2,499 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Tobey Park Neighborhood of Memphis, TN.
Explore Memphis
Tobey Park, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 December 07, 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 |
| Tillman Cove | 2-G TYPE B 60% BDC | 2BR,2BA | $2.08 |
| Addison Apartments III | Addison I | 2BR,1BA | $1.28 |
| 165 N Merton | 1BR/1.0BA | 1BR,1BA | $4.40 |
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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
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 Tobey Park
What type of rentals are currently available in Tobey Park?
There are currently 90 Apartments for Rent in Tobey Park, TN with pricing that ranges from $750 to $6,945. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $500 to $2,499.
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 $500 to $2,499 with an average monthly rent of $1,355.
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 $1,149 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $1,276.
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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!