Cheap Apartments for Rent in the Tobey Park Neighborhood of Memphis, TN from $500 (16 Rentals)

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

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165 N Merton
1 Bedroom Apartments

165 N Merton

165 N Merton StMemphis, TN 38112
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Eastern Heights
1 to 3 Bedroom Apartments

Eastern Heights

281 Johnson Cir WMemphis, TN 38112
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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. Tillman Cove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$600
The MarieTwo Bed2BR,1BA$813
Audubon DownsOne Bedroom1BR,1BA$854
Yugo Memphis Southern2 Bed, 2 Bath Classic2BR,2BA$899

Best Value Apartments for Rent in Tobey Park, TN

As of April 14, 2025 the best value apartment in the Tobey Park area is the $1.83 price per square foot 3 Bedroom 2 Bathroom Model at Tillman Cove in the in the East Memphis neighborhood starting from $2,200. The second greatest value Tobey Park apartment is the 2BD/1BA Downstairs Model at Hollywood Square starting at $1,095 with a $1.10 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 Cove3 Bedroom 2 Bathroom3BR,2BA$1.83
Hollywood Square2BD/1BA Downstairs2BR,1BA$1.10
Georgian Woods2x12BR,1BA$1.17
The MarieTwo Bed2BR,1BA$0.92
Audubon DownsOne Bedroom1BR,1BA$1.01
Yugo Memphis SouthernStudioStudio ,1BA$1.39
2246 Vinton AveStunning2BR,1BA$1.85
The Melrose MidtownThe Dagny1BR,1BA$1.87
Addison Apartments IIIAddison I2BR,1BA$1.35
Den Apartments1 BR1BR,1BA$1.91

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Pet Friendly Lifestyle
Tobey Park, Memphis, TN

Ranked #52

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,056.

What is the price of a cheap apartment in Tobey Park?

The cheapest apartment in Tobey Park is 165 N Merton which is listed at $550, while the average apartment in Tobey Park costs $8,850.

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 135 regular apartments in Tobey Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Tobey Park?

Cheap apartments in Tobey Park have an average cost of $1,286 which is $7,564 cheaper than the average rent for all rentals in Tobey Park.

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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