3042 McAdoo Ave
MemphisTN38112
Cheap Homes for Rent in the Tobey Park Neighborhood of Memphis, TN from $675 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Tobey Park area of Memphis.
291 Red Oak St
MemphisTN38112
166 Eastview Dr
MemphisTN38111
157 Roberta Dr
MemphisTN38112
4 N Holmes St
MemphisTN38111
682 Boston St, Unit 1 - 682
682 Boston St
MemphisTN38114
585 E Pkwy S
MemphisTN38104
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.
3115 Monterrey Square
MemphisTN38111
446 Buntyn St
MemphisTN38111
493 Boston St
MemphisTN38111
714 Goodwyn St
MemphisTN38111
481 Marianna St
MemphisTN38111
2234 Madison Ave
MemphisTN38104
686 Buntyn St
MemphisTN38114
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 1-14, 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 | $1,123 | $795 | $1,950 |
| Tobey Park 3 Bedroom Homes for Rent | $1,671 | $975 | $2,300 |
| Tobey Park 4 Bedroom Homes for Rent | $1,768 | $1,290 | $2,495 |
| Tobey Park 5 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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. 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 |
| The Marie | 2BR/1.0BA | 2BR,1BA | $850 |
| Audubon Downs | One Bedroom | 1BR,1BA | $854 |
| Addison Apartments III | Addison I | 2BR,1BA | $895 |
Best Value Apartments for Rent in Tobey Park, TN
As of September 12, 2026 the best value apartment in the Tobey Park area is the $1.55 price per square foot 3 Beds, 2 Baths Model at 2291-2293 Madison Ave in the in the East Memphis neighborhood starting from $1,855. The second greatest value Tobey Park apartment is the 2 Bed/ 2 Bath Towhnome Model at Brentwood Parc starting at $850 with a $0.83 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. |
|---|---|---|---|
| 2291-2293 Madison Ave | 3 Beds, 2 Baths | 3BR,2BA | $1.55 |
| Brentwood Parc | 2 Bed/ 2 Bath Towhnome | 2BR,2BA | $0.83 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.11 |
| Merton Court | 2 bedroom x 1 bath | 2BR,1BA | $1.08 |
| The Marie | 2BR/1.0BA | 2BR,1BA | $0.97 |
| Audubon Downs | One Bedroom | 1BR,1BA | $1.01 |
| Addison Apartments III | Addison I | 2BR,1BA | $1.15 |
| Tillman Cove | 1-H TYPE B 70% | 1BR,1BA | $1.77 |
| 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
Quick 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 #57
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 104 Apartments for Rent in Tobey Park, TN with pricing that ranges from $725 to $6,610. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $675 to $2,495.
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 $2,495 with an average monthly rent of $1,472.
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 $3,942, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,290 and Four Bedroom Apartments start at $1,761.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.