Updated 5+ Days Ago
Location
1016 Peabody Ave #1, Memphis, TN 38104, USA|New Pathways
Tour 1016 Peabody Ave #1
Contact
Lubin Property Management LLC
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Property Overview
Situated in a prime location, the home offers strong value for money, ranking in the 82nd percentile compared to nearby options. It is also conveniently located about 0.42 miles from a top-rated middle school, adding everyday practicality to its appeal.
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
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Questions about this property’s policies and fees?
About 1016 Peabody Ave #1
Sweet deal!
This listing is 27% below the median price for 2 bedroom apartments in New Pathways.
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.
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 miles away
Address details
| Neighborhood | New Pathways |
|---|---|
| Zip code | 38104 |
| Type | Apartment for rent |
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Rent trends in New Pathways
2-bedroom apartments at 1016 Peabody Ave #1 cost about 27% less than the average rent price for 2-bedroom apartments in Memphis.
Median rents as of Nov 7 2026.
New Pathways
Memphis
| Month | Median Rent |
|---|---|
| November 2024 | $1,150 |
| December 2024 | $1,146 |
| January 2025 | $1,151 |
| February 2025 | $1,111 |
| March 2025 | $1,107 |
| April 2025 | $1,106 |
| May 2025 | $1,104 |
| June 2025 | $1,095 |
| July 2025 | $1,091 |
| August 2025 | $1,096 |
| September 2025 | $1,096 |
| October 2025 | $1,073 |
| November 2025 | $1,050 |
| December 2025 | $1,026 |
| January 2026 | $1,012 |
| February 2026 | $1,014 |
| March 2026 | $999 |
| April 2026 | $991 |
| May 2026 | $977 |
| June 2026 | $984 |
| July 2026 | $962 |
| August 2026 | $965 |
| September 2026 | $963 |
| October 2026 | $962 |
| November 2026 | $975 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,205 |
| December 2024 | $1,205 |
| January 2025 | $1,347 |
| February 2025 | $1,543 |
| March 2025 | $1,433 |
| April 2025 | $1,396 |
| May 2025 | $1,375 |
| June 2025 | $1,625 |
| July 2025 | $1,637 |
| August 2025 | $1,642 |
| September 2025 | $1,652 |
| October 2025 | $1,448 |
| November 2025 | $1,060 |
| December 2025 | $1,314 |
| January 2026 | $1,007 |
| February 2026 | $1,004 |
| March 2026 | $1,036 |
| April 2026 | $1,036 |
| May 2026 | $1,471 |
| June 2026 | $1,576 |
| July 2026 | $1,305 |
| August 2026 | $1,011 |
| September 2026 | $977 |
| October 2026 | $948 |
| November 2026 | $1,025 |
Affordability calculator
Can I afford to live at 1016 Peabody Ave #1?
Bedrooms
2 bedroomsRent-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 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.| Bath | |||||
|---|---|---|---|---|---|
| Last month | $750 | 2 bed | 1 bath | ||
| Last month | $750 | 2 bed | 1 bath | ||
| 2 Beds, 1 Bath | 7 months ago | $799 | 2 bed | 1 bath | |
| 7 months ago | $799 | 2 bed | 1 bath | ||
| 7 months ago | $799 | 2 bed | 1 bath | ||
| 8 months ago | $799 | 2 bed | 1 bath | ||
| 8 months ago | $799 | 2 bed | 1 bath |
Schools near 1016 Peabody Ave #1
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-
Getting around Memphis near 1016 Peabody Ave #1
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 #1, 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
Explore the area around 1016 Peabody Ave #1
ALDI
785 Union Ave
V H Foods
40 N Cleveland St
Gordon Food Service Store
1460 Union Ave
Williams Shop N Grill
755 Williams Ave
A & M Market
796 Poplar Ave
I-Shirts
305 S Bellevue Blvd
Landau Uniform
1004 Madison Ave
University of TN Bookstore
930 Madison Ave
Society-St Vincent de Paul
1306 Monroe Ave
Glitz
1335 Madison Ave
Starbucks
920 Madison Ave
Dunkin'
1540 Union Ave
7 Brew Coffee
1625 Union Ave
Tropical Smoothie Cafe
1708 Union Ave
Starbucks
1761 Union Ave
Printers Alley
322 S Cleveland St
Slice of Soul Pizza Lounge
1299 Madison Ave
Presidential Lounge
1320 Madison Ave
Drus Place
1474 Madison Ave
Club Spectrum
616 Marshall Ave
Pyramid Midtown Country Pies
1294 Madison Ave
Miss Birdsong's Sweet Tooth
694 Madison Ave
The Peach Cobbler Factory
632 Madison Ave
Kroger Bakery
1366 Poplar Ave
The Gingers Bread & Co
1613 Union Ave
Recreation Ground
Park
Health Sciences Park
Vance Avenue Park
Garden
Jar Moi
E H Crump Blvd
Burger King
1027 Union Ave
Arby's
975 Union Ave
Good Eats Memphis
1003 Monroe Ave
Checkers
631 S Bellevue Blvd
Crump Boulevard / Camilla Street
Central & Walnut Grove
Crump Boulevard / Camilla Street
Lamar, Central & Walnut Grove, Shelby & Holmes
Pauline Street / Vance Avenue
Lamar
MLK Jr Avenue / Crump Boulevard
Lamar
MLK Jr Avenue / Camilla Street
Lamar
Memphis
City of New Orleans
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1016 Peabody Ave, Memphis, TN
1016 Peabody Ave Memphis, TN
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Occupied
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