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Cheap Apartments for Rent in the Tobey Park Neighborhood of Memphis, TN from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Tobey Park area of Memphis.
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from $8501 Bedroom Apartment Available Now
2291 Monroe Ave, Unit 2291 Monroe Ave.
2291 Monroe AveMemphis, TN 38104
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Rent Specials
from $949Studio to 2 Bedroom Apartments Available Now
Bonsai at Central Gardens
1387 Central AveMemphis, TN 38104
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from $1,031Studio to 2 Bedroom Apartments Available Now
Link Apartments® Broad Ave
2540 Broad AveMemphis, TN 38112
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392-394 S Fenwick Rd
MemphisTN38111
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from $9951 to 2 Bedroom Apartments Available Now
Addison Apartments III
3251 Southern AveMemphis, TN 38111
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Rent Specials
from $999Studio to 1 Bedroom Apartments Available Now
Art Lofts @ Overton
1973 Poplar AveMemphis, TN 38104
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from $1,0001 Bedroom Apartment Available Now
994 Philadelphia St, Unit 994
994 Philadelphia StMemphis, TN 38104
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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525 Baltimore St
MemphisTN38111
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3042 McAdoo Ave
MemphisTN38112
677 Buntyn St
MemphisTN38114
Navigating 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.
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489 Belt Line St
MemphisTN38111
187 Eastview Dr
MemphisTN38111
2766 Union Ave
MemphisTN38111
2837 Shady Oak Ave
MemphisTN38112
339 Boston St
MemphisTN38111
673 Greer
MemphisTN38111
482 Marianna St
MemphisTN38111
394 S Fenwick Rd
MemphisTN38111
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
106 N Holmes St
MemphisTN38111
392 S Fenwick Rd
MemphisTN38111
Showing Results 1-32, Page 1 of 1
Tobey Park, Memphis, TN Local Guide
How much does it cost to rent an apartment in Tobey Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tobey Park Studio Apartments | $1,164 | $949 | $1,592 |
| Tobey Park 1 Bedroom Apartments | $1,283 | $839 | $1,974 |
| Tobey Park 2 Bedroom Apartments | $1,621 | $899 | $3,002 |
| Tobey Park 3 Bedroom Apartments | $1,524 | $799 | $2,200 |
| Tobey Park 4 Bedroom Apartments | $1,704 | $599 | $4,830 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Tobey Park Neighborhood of Memphis, TN.
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Tobey Park, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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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 Tillman Cove priced from $839. 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 |
|---|---|---|---|
| Tillman Cove | 1 Bedroom 1 Bathroom | 1BR,1BA | $839 |
| Audubon Downs | One Bedroom | 1BR,1BA | $854 |
| Bonsai at Central Gardens | Studio- without Washer/Dryer | Studio,1BA | $949 |
| Hollywood Square | 2BD/1BA Upstairs | 2BR,1BA | $995 |
| Addison Apartments III | One bedroom w Bonus Space | 2BR,1BA | $995 |
| Art Lofts @ Overton | S4 | Studio,1BA | $999 |
| Element at Midtown | Studio | Studio,1BA | $1,015 |
| Link Apartments® Broad Ave | S1 | Studio,1BA | $1,031 |
Best Value Apartments for Rent in Tobey Park, TN
As of May 14, 2025 the best value apartment in the Tobey Park area is the $0.77 price per square foot 994 Philadelphia St Model at 994 Philadelphia St, Unit 994 in the in the East Memphis neighborhood starting from $1,000. 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. |
|---|---|---|---|
| 994 Philadelphia St, Unit 994 | 994 Philadelphia St | 1BR,1BA | $0.77 |
| Hollywood Square | 2BD/1BA Upstairs | 2BR,1BA | $1.00 |
| 2291 Monroe Ave, Unit 2291 Monroe Ave. | 2291 Monroe Ave | 1BR,1BA | $0.89 |
| Georgian Woods | 2x1 | 2BR,1BA | $1.17 |
| Audubon Downs | One Bedroom | 1BR,1BA | $1.01 |
| 2246 Vinton Ave | Stunning | 2BR,1BA | $1.60 |
| Addison Apartments III | Addison I | 2BR,1BA | $1.35 |
| Greenline Apartments | 1BR | 1BR,1BA | $1.42 |
| Southern Grove | One Bedroom | 1BR,1BA | $1.85 |
| Tillman Cove | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.52 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleTobey Park, Memphis, TN
Ranked #47
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Tobey Park Apartments
What is a cheap apartment in Tobey Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Tobey Park is under $1,031.
What is the price of a cheap apartment in Tobey Park?
The cheapest apartment in Tobey Park is Tillman Cove which is listed at $839, while the average apartment in Tobey Park costs $8,950.
What types of apartments are the cheapest in Tobey Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 67 regular apartments in Tobey Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.