Cheap Homes for Rent in Tobey Park Neighborhood of Memphis, TN from $600 (14 Rentals)

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

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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property at 2766 Union Ave

2766 Union Ave

MemphisTN38111

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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 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 ListingModel NameBed/BathPriced From
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$839
Audubon DownsOne Bedroom1BR,1BA$854
Bonsai at Central GardensStudio- without Washer/DryerStudio,1BA$949
Hollywood Square2BD/1BA Upstairs2BR,1BA$995
Addison Apartments IIIOne bedroom w Bonus Space2BR,1BA$995

Best Value Apartments for Rent in Tobey Park, TN

As of May 13, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
994 Philadelphia St, Unit 994994 Philadelphia St1BR,1BA$0.77
Hollywood Square2BD/1BA Upstairs2BR,1BA$1.00
2291 Monroe Ave, Unit 2291 Monroe Ave.2291 Monroe Ave1BR,1BA$0.89
Georgian Woods2x12BR,1BA$1.17
Audubon DownsOne Bedroom1BR,1BA$1.01
2246 Vinton AveStunning2BR,1BA$1.60
Addison Apartments IIIAddison I2BR,1BA$1.35
Greenline Apartments1BR1BR,1BA$1.42
Southern GroveOne Bedroom1BR,1BA$1.85
Tillman Cove1 Bedroom 1 Bathroom1BR,1BA$1.52

Quick Rent Budget Calculator

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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 $599 to $8,950. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $750 to $2,600.

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 $2,600 with an average monthly rent of $1,583.

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 $799 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,365 and Four Bedroom Apartments start at $599.

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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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.

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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.

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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.