Cheap Homes for Rent in Tobey Park Neighborhood of Memphis, TN from $600 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Tobey Park area of Memphis.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Tobey Park, Memphis, TN Local Guide

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 ListingModel NameBed/BathPriced From
165 N Merton1BR/1.0BA1BR,1BA$550
Audubon DownsTwo Bedroom2BR,1BA$899
Addison Apartments IIIAddison 32BR,1BA$995
Georgian Woods2x12BR,1BA$1,052
2246 Vinton AveStunning2BR,1BA$1,250

Best Value Apartments for Rent in Tobey Park, TN

As of June 26, 2025 the best value apartment in the Tobey Park area is the $0.79 price per square foot 4 Bedroom 2 Bathroom Model at Tillman Cove in the in the East Memphis neighborhood starting from $1,511. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Tillman Cove4 Bedroom 2 Bathroom4BR,2BA$0.79
Audubon DownsTwo Bedroom2BR,1BA$0.93
Georgian Woods2x12BR,1BA$1.08
2246 Vinton AveStunning2BR,1BA$1.60
Addison Apartments IIIAddison I2BR,1BA$1.35
Central LoftsMadison1BR,1BA$2.20
165 N Merton1BR/1.0BA1BR,1BA$4.40

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Frequently Asked Questions about Tobey Park

What type of rentals are currently available in Tobey Park?

There are currently 91 Apartments for Rent in Tobey Park, TN with pricing that ranges from $839 to $7,120. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $650 to $2,475.

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 $650 to $2,475 with an average monthly rent of $1,541.

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 $1,025 to $2,475. Four Bedroom Single-Family rentals are also available starting from $1,295 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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.