5+ Days Ago
Location
1016 Peabody Ave #3, Memphis, TN 38104, USA|New Pathways
Tour 1016 Peabody Ave #3
Contact
Lubin Property Management LLC
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Property Overview
Located in a prime area, this property is well-situated for an active social life with diverse age groups and numerous nearby amenities, including 85 restaurants within a mile. Additionally, it is conveniently located just over 0.4 miles from a top-rated middle school and offers good value for money, ranking in the 70.59 percentile compared to nearby properties. Access to walking routes and transit options further enhances 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
Amenities for 1016 Peabody Ave #3, New Pathways
Apartment Amenities
| Air Conditioning |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
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About 1016 Peabody Ave #3
Sweet deal!
This listing is 15% 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. *Resident provides their own window A/C unit Rent: $900 Deposit Special: Only $99! Dont miss your chance to call this Midtown gem home and schedule your showing today!
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 #3 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
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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 #3 cost about 15% less than the average rent price for 2-bedroom apartments in Memphis.
Median rents as of Nov 15 2025.
New Pathways
Memphis
| Month | Median Rent |
|---|---|
| December 2023 | $1,000 |
| January 2024 | $1,010 |
| February 2024 | $1,007 |
| March 2024 | $1,003 |
| April 2024 | $1,024 |
| May 2024 | $1,053 |
| June 2024 | $1,046 |
| July 2024 | $1,081 |
| August 2024 | $1,107 |
| September 2024 | $1,164 |
| October 2024 | $1,125 |
| 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 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,050 |
| January 2024 | $1,050 |
| February 2024 | $1,205 |
| March 2024 | $1,509 |
| April 2024 | $1,652 |
| May 2024 | $1,485 |
| June 2024 | $1,335 |
| July 2024 | $1,539 |
| August 2024 | $1,274 |
| September 2024 | $1,569 |
| October 2024 | $1,516 |
| 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 | $1,083 |
Affordability calculator
Can I afford to live at 1016 Peabody Ave #3?
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
$36,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 2-bedrooms monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.
Schools near 1016 Peabody Ave #3
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-
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
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Internet available near 1016 Peabody Ave #3
Getting around Memphis near 1016 Peabody Ave #3
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 #3, Memphis
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
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
4/10
Some bars within walking distance
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