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1016 Peabody Ave
1016 Peabody Ave, Memphis, TN 38104, USA

Apartment for rent
Monthly rent
$750
Beds2
Baths1
Sqft745
modified
Updated 16 Hours Ago

Property Overview

Located in a prime area, 1016 Peabody Ave offers strong value for money, ranking in the 94.83rd percentile compared with nearby properties. It is also close to a top-rated middle school, just 0.42 miles away.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Less expensive
  • Middle school nearby

Great for

  • Social life

Highlights

  • prime location

Units

1016 Peabody Ave Memphis, TN

Available

2

2 Beds

1 Bath

$750

Listed on 08/19/2026
Days on market: 35
Charming Midtown Apartment! 1016 Peabody Ave. Live in the heart of Midtown and experience the perfect blend of classic Memphis charm and modern comfort! This spacious 2-bedroom, 1 bath apartment offers: -Timeless character with updated features. -A comfortable layout with plenty of natural light. -Prime location just minutes from Overton Square, the Medical District, and Downtown Memphis. Rent: $750 Deposit Special: Only $99! Section 8 accepted - appliances are included. Don't miss your chance to call this Midtown gem home.

Available

5

2 Beds

1 Bath

$750

Listed on 08/19/2026
Days on market: 35
Charming Midtown Apartment! 1016 Peabody Ave. Live in the heart of Midtown and experience the perfect blend of classic Memphis charm and modern comfort! This spacious 2-bedroom, 1 bath apartment offers: -Timeless character with updated features. -A comfortable layout with plenty of natural light. -Prime location just minutes from Overton Square, the Medical District, and Downtown Memphis. Section 8 accepted - stove & refrigerator included. Rent: $750 Deposit Special: Only $99! Don't miss your chance to call this Midtown gem home and schedule your showing today!

Available

1

2 Beds

1 Bath

$750

Listed on 04/11/2026
Days on market: 165
Charming Midtown Apartment! 1016 Peabody Ave. Live in the heart of Midtown and experience the perfect blend of classic Memphis charm and modern comfort! This spacious 2-bedroom, 1 bath apartment offers: -Timeless character with updated features. -A comfortable layout with plenty of natural light. -Prime location just minutes from Overton Square, the Medical District, and Downtown Memphis. Rent: $750 Deposit Special: Only $99! Don't miss your chance to call this Midtown gem home. Section 8 accepted for this property and appliances are included.

Policies at 1016 Peabody Ave

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Questions about this property’s policies and fees?

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About 1016 Peabody Ave

HomeApartments in MemphisNew Pathways 1016 Peabody Ave #2, Memphis, TN 38104, USA

Check out this charming property located at 1016 Peabody Ave, Memphis, TN 38104, in the desirable New Pathways neighborhood. This intimate community consists of 6 units, offering a spacious 2-bedroom floorplan with approximately 745 square feet of living space. Residents enjoy a prime location near top-rated schools, including an A-rated elementary school. The property boasts a range of amenities, including on-site parking, secure entry, and beautifully landscaped grounds. Additional perks include a convenient location and ample natural light in each unit. With its excellent location and comfortable living spaces, this property is a great choice for those looking for a cozy and convenient place to call home. Currently, there are active units ready for occupancy.

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Address details

Units6
Units available3
Neighborhood
City
Zip code38104

1016 Peabody Ave #2 is great for:

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • The area has transit options
  • 83 restaurants within 1 mile of this property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1016 Peabody Ave, Memphis, TN 38104, USA compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 0.4 mile away

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Rent trends in Memphis

If you decide to upgrade your space, you can expect 2-bedrooms at 1016 Peabody Ave #2 to be 23% less than the average for similarly sized apartments in New Pathways.

Median rents as of Sep 19 2026.
New Pathways
Memphis
A table of studio rental data trends in Memphis
MonthMedian Rent
October 2024$1,160
November 2024$1,148
December 2024$1,172
January 2025$1,220
February 2025$1,211
March 2025$1,196
April 2025$1,217
May 2025$1,225
June 2025$1,210
July 2025$1,195
August 2025$1,194
September 2025$1,158
October 2025$1,159
November 2025$1,183
December 2025$904
January 2026$858
February 2026$1,202
March 2026$1,203
April 2026$1,193
May 2026$1,187
June 2026$1,204
July 2026$1,185
August 2026$1,116
September 2026$1,106
A table of studio rental data trends in New Pathways
MonthMedian Rent
December 2024$1,041
January 2025$1,019
February 2025$1,019
March 2025$1,075
April 2025$1,199
May 2025$1,227
June 2025$1,203
July 2025$1,195
August 2025$1,133
September 2025$1,104
October 2025$1,111
November 2025$1,164
December 2025$1,135
January 2026$1,176
February 2026$1,226
March 2026$1,199
April 2026$1,153
May 2026$1,133
June 2026$1,183
July 2026$1,144
August 2026$904
September 2026$892

Affordability calculator

Can I afford to live at 1016 Peabody Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$30,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 2-bedrooms median monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 1016 Peabody Ave, Memphis, TN.
5 months ago$7992 bed1 bath
5 months ago$7992 bed1 bath
5 months ago$7992 bed1 bath
5 months ago$7992 bed1 bath
6 months ago$7992 bed1 bath

Schools near 1016 Peabody Ave #2

Bruce Elementary School

581 s bellevue blvd

memphis, TN, 38104

PK, K-5Public
C

Ida B. Wells Academy

995 s lauderdale st

memphis, TN, 38126

K-8Public
C-

Hamilton School

1478 wilson st

memphis, TN, 38106

PK, K-8Public
C-

Exceptional Children Special Placements

160 s hollywood

memphis, TN, 38112

PK, K-12Public

Alcy Elementary

1750 e alcy rd

memphis, TN, 38114

PK, K-5Public
C-
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Getting around Memphis near 1016 Peabody Ave

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1016 Peabody Ave, Memphis

Groceries

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

5/10
Variety of cafés within a short drive

Restaurants

8/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

8/10
Wide variety of bars within a short drive, including some within walking distance

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