Cheap Homes for Rent in Tobey Park Neighborhood of Memphis, TN from $800 (18 Rentals)

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Cheap Homes in the Tobey Park area of Memphis.

property at 2766 Union Ave

2766 Union Ave

MemphisTN38111

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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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.

Read Article
Showing Results 1-18, Page 1 of 1

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
Addison Apartments IIIOne bedroom w Bonus Space2BR,1BA$995
Element at MidtownStudioStudio,1BA$1,015

Best Value Apartments for Rent in Tobey Park, TN

As of May 04, 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 3 Bedroom 2 Bathroom Model at Tillman Cove starting at $2,200 with a $1.83 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
Tillman Cove3 Bedroom 2 Bathroom3BR,2BA$1.83
Hollywood Square2BD/1BA Downstairs2BR,1BA$1.05
2291 Monroe Ave, Unit 2291 Monroe Ave.2291 Monroe Ave1BR,1BA$0.89
Georgian Woods2x12BR,1BA$1.32
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

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Frequently Asked Questions about Tobey Park

What type of rentals are currently available in Tobey Park?

There are currently 105 Apartments for Rent in Tobey Park, TN with pricing that ranges from $599 to $6,740. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tobey Park ranging from $825 to $2,450.

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 $825 to $2,450 with an average monthly rent of $1,456.

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 $1,095 to $2,250. 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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.