
Cheap Homes for Rent in Tobey Park Neighborhood of Memphis, TN from $700 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Tobey Park area of Memphis.


2766 Union Ave

2766 Union Ave

677 Buntyn St

2766 Union Ave

2766 Union Ave

2766 Union Ave

3089 Waynoka Ave
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2603 Carnes Ave

2766 Union Ave

2766 Union Ave

2766 Union Ave

2766 Union Ave

108 N Greer St

2245 Monroe Ave

580 Josephine St
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504 Marianna St

87 Eastview Dr

665 Marechalneil St

667 Marechalneil St

93 Eastview Dr

328 Hodges St

38 S Bingham St

2774 Midland Ave
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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 | $998 | $750 | $1,650 |
| Tobey Park 3 Bedroom Homes for Rent | $1,514 | $995 | $1,995 |
| Tobey Park 4 Bedroom Homes for Rent | $1,772 | $1,195 | $2,495 |
Browse Homes for Rent in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Tobey Park Neighborhood of Memphis, TN.
Explore Memphis
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 1 Bed apartment currently listed from $854. 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 | One Bedroom | 1BR,1BA | $854 |
| Hollywood Square | 2BD/1BA Upstairs | 2BR,1BA | $995 |
| Georgian Woods | 2x1 | 2BR,1BA | $999 |
| Parkway Arms Apartments | 2 Bed 2 Bath | 2BR,2BA | $1,300 |
Best Value Apartments for Rent in Tobey Park, TN
As of January 24, 2026 the best value apartment in the Tobey Park area is the $0.93 price per square foot 2 Bed 2 Bath Model at Parkway Arms Apartments in the in the East Memphis neighborhood starting from $1,300. The second greatest value Tobey Park apartment is the 2BD/1BA Upstairs Model at Hollywood Square starting at $995 with a $1.00 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 | 2 Bed 2 Bath | 2BR,2BA | $0.93 |
| Hollywood Square | 2BD/1BA Upstairs | 2BR,1BA | $1.00 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.11 |
| Tillman Cove | 2-G TYPE B 60% BDC | 2BR,2BA | $2.08 |
| 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 $9,582. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $750 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 $750 to $2,495 with an average monthly rent of $1,290.
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 $995 to $1,995. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,276.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.