Apartment for rent

Pet friendly

5+ Days Ago

124 Monroe Ave #205
124 Monroe Ave #205, Memphis, TN 38103, USA

Monthly rent	$1,140
Beds	Studio
Baths	1
Sqft	520

Monthly rent	$1,140
Beds	Studio
Baths	1
Sqft	520

5+ Days Ago

Highlights

Pet Friendly

Dishwasher
Stainless steel appliances
Modern finishes
Refrigerator
Professional management
Soaring ceilings

Location

124 Monroe Ave #205, Memphis, TN 38103, USA

Tour 124 Monroe Ave #205

Contact

901 Real Estate Services

(901) 546-4820

Property Overview

Located in a desirable area, this residence features modern finishes and stainless steel appliances, enhancing both style and functionality. Professional management ensures a seamless living experience, while amenities like a dishwasher and central heat and air contribute to convenience and comfort. Ideal for those seeking a blend of contemporary living and practical benefits.

Things you’ll love

Elementary school nearby
High school nearby
Middle school nearby

Great for

Eco living
Work-from-home
Pet owners

Amenities for 124 Monroe Ave #205

Apartment Amenities

Ceiling Fan	Central Heat
Gas	Hardwood Floor
Walk-in Closet	Water

Appliances

Dishwasher	Garbage Disposal
Range/Oven	Refrigerator

Building

Cats OK	Controlled Access
Dogs OK	Laundry Shared
Onsite Laundry

Grounds

Garage Parking

Storage

Services

On-Site Management

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

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms	12+ months

About 124 Monroe Ave #205

Home

Apartments in Memphis

124 Monroe Ave #205, Memphis, TN 38103, USA

Welcome to 124 Monroe — six newly renovated apartments located above McEwen’s in the heart of downtown Memphis. Each unit blends historic charm with modern convenience, featuring original exposed brick, industrial-style piping, and carefully preserved architectural details that highlight the building’s character. This newly renovated studio apartment at 124 Monroe offers modern finishes and historic charm in the heart of downtown Memphis. The entry opens into a spacious living, sleeping, and kitchen area with soaring ceilings and exposed brick — providing plenty of room to entertain and relax. The brand new kitchen features stainless steel appliances, ample cabinetry, and a large breakfast bar for dining or additional workspace. The bathroom includes a generous vanity and a glass-enclosed shower, and a walk-in closet offers great storage space. Complimentary laundry facilities are shared with just one other unit and are conveniently located right down the hall. Water and Internet provided (just bring your own wireless router for WiFi). A unique blend of modern updates and original character, this unit offers downtown living with style. Enjoy peace of mind with controlled building access and a video intercom system at every unit for secure, convenient entry for both residents and their guests. Pet friendly! Virtual tour: https www zillow com view-imx b8ab4818-cefe-4045-a9b2-30a88c1bd9cc?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard You'll be right in the middle of the action, with AutoZone Park, The Peabody, Flight Restaurant and Wine Bar, Bardog Tavern, and more of downtown’s best dining and entertainment just around the corner. A public parking garage is conveniently located just behind the building, though parking is not included. SCHEDULE A SHOWING: https app tenantturner com qualify 124-monroe-avenue-4 Professionally managed by 901 Real Estate Services *Additional fees may apply. Please see below. Photos may be of different units than one available and/or virtually staged.* *Typical fees for approved applicants, not including security deposit: one-time admin fee of $250; one-time pet fee & monthly pet rent, determined by PetScreening per pet - please ask the Property Manager for more information.* **Avoid scams: We do not post our properties on Facebook Marketplace or and will never ask you to pay anything through CashApp, Zelle, or Venmo.** Amenities: dishwasher, stainless steel appliances, controlled access building, refrigerator, pet friendly, exposed brick walls, appliances included, beautiful hardwood flooring, updated kitchen & bath, central heat & air, ceiling fan(s), electric range, located downtown, complimentary laundry, historic building, industrial-style piping, video intercom system

Property highlights

How 124 Monroe Ave, Memphis, TN 38103, USA compares to other nearby properties.

Positives

Elementary school nearby: There is an elementary school 0.3 mile away
High school nearby: There is a high school 1 mile away
Middle school nearby: There is a middle school 0.2 mile away
Central heat: This address offers a climate controlled environment
Extra Storage: Upgraded in-unit features
Images available: There are at least 10 photos of this address
Package service: More secure storage for delivery
Walk-in closet: Rentals here may include more closet space than average

Address details

Zip code	38103
Type	Apartment for rent

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Rent trends in Memphis

studio apartments at 124 Monroe Ave #205 cost about 4% less than the average rent price for studio apartments in Memphis.

Median rents as of Jan 31 2026.

Memphis

A table of studio rental data trends in Memphis
Month	Median Rent
February 2024	$650
March 2024	$650
April 2024	$705
May 2024	$769
June 2024	$765
July 2024	$885
August 2024	$1,110
September 2024	$1,155
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

Affordability calculator

Can I afford to live at 124 Monroe Ave #205?

Bedrooms

Studio

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

$45,600/yr

With your selected rent-to-income ratio, you'd ideally want to make $45,600 annually to afford this studio monthly rent price of $1,140.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 124 Monroe Ave, Memphis, TN.
			Bath
Last month	$1,690	1 bed	1 bath
Last month	$1,140	Studio	1 bath
2 months ago	$2,940	2 bed	2 bath
3 months ago	$1,940	2 bed	2 bath

Schools near 124 Monroe Ave #205

Internet available near 124 Monroe Ave #205

Getting around Memphis near 124 Monroe Ave #205

Walking

9/10

No car? No problem. Everything you need is within a few blocks.

Driving

9/10

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

Cycling

6/10

More spots are within biking distance and some roads are cyclist-friendly.

Transit

6/10

Popular public transit options are just a short walk from this location.

Points of interest for 124 Monroe Ave #205, Memphis

Groceries

9/10

At least one supermarket within a 5-minute walk

Shopping

6/10

Several shops within a few minutes’ walk

Cafes

6/10

Some cafés within a few minutes’ walk

Restaurants

8/10

Variety of restaurants within a few minutes' walk

Primary schools

9/10

At least one elementary school within a 5-minute walk

High schools

9/10

At least one high school within a 5-minute walk

Parks

7/10

Large amount of park space nearby

Nightlife

8/10

Several bars within a few minutes’ walk

Other units at this address

124 Monroe Ave, Memphis, TN

124 Monroe Ave Memphis, TN

Occupied

203

Studio

1 Bath

520 sqft

$1,140

On-Site Laundry • Central Heat • High Ceilings • Hardwood Floor • Walk-In Closets • Ceiling Fan

Days on market: 93

Welcome to 124 Monroe — six newly renovated apartments located above McEwen’s in the heart of downtown Memphis. Each unit blends historic charm with modern convenience, featuring original exposed brick, industrial-style piping, and carefully preserved architectural details that highlight the building’s character. This newly renovated studio apartment at 124 Monroe offers modern finishes and historic charm in the heart of downtown Memphis. The entry opens into a spacious living, sleeping, and kitchen area with soaring ceilings and exposed brick — providing plenty of room to entertain and relax. The brand new kitchen features stainless steel appliances, ample cabinetry, and a large breakfast bar for dining or additional workspace. The bathroom includes a generous vanity and a glass-enclosed shower, and a walk-in closet offers great storage space. Complimentary laundry facilities are shared with just one other unit and are conveniently located right down the hall. Virtual tour: https www zillow com view-imx af5bcff0-d8f9-49d2-b05b-7085949824a3?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard A unique blend of modern updates and original character, this unit offers downtown living with style. Enjoy peace of mind with controlled building access and a video intercom system at every unit for secure, convenient entry for both residents and their guests. Pet friendly! You'll be right in the middle of the action, with AutoZone Park, The Peabody, Flight Restaurant and Wine Bar, Rendezvous, Little Petals, and more of downtown’s best dining and entertainment just around the corner. A public parking garage is conveniently located just behind the building, though parking is not included. SCHEDULE A SHOWING: https bit ly 901showing Professionally managed by 901 Real Estate Services *Additional fees may apply. Please see below. Photos may be of different units than one available and/or virtually staged.* *Typical fees for approved applicants, not including security deposit: one-time admin fee of $250; one-time pet fee & monthly pet rent, determined by PetScreening per pet. Advertised rent price per month includes $40 Resident Benefit Package. Please ask the Property Manager for more information.* **Avoid scams: We do not post our properties on Facebook Marketplace or and will never ask you to pay anything through CashApp, Zelle, or Venmo.** Amenities: stainless steel appliances, controlled access building, refrigerator, pet friendly, exposed brick walls, appliances included, beautiful hardwood flooring, updated kitchen & bath, central heat & air, ceiling fan(s), located downtown, complimentary laundry, historic building, industrial-style piping, video intercom system

Occupied

202

1 Bed

1 Bath

884 sqft

$1,690

On-Site Laundry • High Ceilings • Hardwood Floor • Walk-In Closets • Ceiling Fan • Dishwasher

Days on market: 93

Welcome to 124 Monroe — six newly renovated apartments located above McEwen’s in the heart of downtown Memphis. Each unit blends historic charm with modern convenience, featuring original exposed brick, industrial-style piping, and carefully preserved architectural details that highlight the building’s character. The only 1 bedroom, 1 bathroom unit at 124 Monroe features an open-concept living area features soaring two-story ceilings and oversized windows that overlook Monroe Avenue. The kitchen includes lots of modern cabinetry, stainless steel appliances, and a large breakfast bar. The bedroom features a large window and closes off from the living space with a sleek, industrial-style sliding door. A massive walk-in closet offers incredible storage and also houses a full-size washer and dryer. The bathroom includes a shower/tub combo with sliding glass doors and custom shelving crafted from reclaimed wood salvaged from the building. Virtual tour: https www zillow com view-imx 1452cd91-beef-4261-965d-c063cd8ad39f?initialViewType=pano&utm_source=dashboard A unique blend of modern updates and original character, this unit offers downtown living with style. Enjoy peace of mind with controlled building access and a video intercom system at every unit for secure, convenient entry for both residents and their guests. Pet friendly! You'll be right in the middle of the action, with AutoZone Park, The Peabody, Flight Restaurant and Wine Bar, Rendezvous, Little Petals., and more of downtown’s best dining and entertainment just around the corner. A public parking garage is conveniently located just behind the building, though parking is not included. SCHEDULE A SHOWING: https bit ly 901showing Professionally managed by 901 Real Estate Services *Additional fees may apply. Please see below. Some photos may be virtually staged.* *Typical fees for approved applicants, not including security deposit: one-time admin fee of $250; one-time pet fee & monthly pet rent, determined by PetScreening per pet. Advertised rent price per month includes $40 Resident Benefit Package. Please ask the Property Manager for more information.* **Avoid scams: We do not post our properties on Facebook Marketplace or and will never ask you to pay anything through CashApp, Zelle, or Venmo.** Amenities: dishwasher, microwave, stainless steel appliances, granite countertops, controlled access building, high ceilings, refrigerator, pet friendly, gas range, exposed brick walls, appliances included, washer/dryer included, recently renovated, ceiling fan(s), double sink vanity, dressing closet(s), shower/tub combo, located downtown, luxury wood-style flooring, reclaimed wood shelves

Occupied

206

2 Beds

2 Baths

1,011 sqft

$1,940

On-Site Laundry • Central Heat • High Ceilings • Hardwood Floor • Ceiling Fan • Dishwasher

Days on market: 94

Welcome to 124 Monroe — six newly renovated apartments located above McEwen’s in the heart of downtown Memphis. Each unit blends historic charm with modern convenience, featuring original exposed brick, industrial-style piping, and carefully preserved architectural details that highlight the building’s character. This newly renovated 2 bedroom, 2 bathroom apartment at 124 Monroe blends modern finishes with historic charm in the heart of downtown Memphis. The main living and kitchen area features high ceilings and a brand-new kitchen with a large breakfast bar, reclaimed wood open shelving, and stainless steel appliances. The primary bedroom is located at the back of the unit and showcases exposed brick walls and an en suite bathroom with a shower/tub combo. The second bedroom — formerly a private office — is positioned at the front of the unit and features frosted windows, a glass door, and a floor-to-ceiling window overlooking Monroe Avenue. This room would also be perfect as additional living space or an office. A second full bathroom includes a glass-enclosed shower and a washer and dryer for added convenience. Virtual tour: https www zillow com view-imx 2603e3fe-4ce3-4e41-913c-eeddea65cbe8?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard A unique blend of modern updates and original character, this unit offers downtown living with style. Enjoy peace of mind with controlled building access and a video intercom system at every unit for secure, convenient entry for both residents and their guests. Pet friendly! You'll be right in the middle of the action, with AutoZone Park, The Peabody, Flight Restaurant and Wine Bar, Rendezvous, Little Petals., and more of downtown’s best dining and entertainment just around the corner. A public parking garage is conveniently located just behind the building, though parking is not included. SCHEDULE A SHOWING: https app tenantturner com qualify 124-monroe-avenue Professionally managed by 901 Real Estate Services *Additional fees may apply. Please see below. Photos may be of different units than one available and/or virtually staged.* *Typical fees for approved applicants, not including security deposit: one-time admin fee of $250; one-time pet fee & monthly pet rent, determined by PetScreening per pet. Advertised rent price per month includes $40 Resident Benefit Package. Please ask the Property Manager for more information.* **Avoid scams: We do not post our properties on Facebook Marketplace or and will never ask you to pay anything through CashApp, Zelle, or Venmo.** Amenities: stainless steel appliances, controlled access building, refrigerator, pet friendly, exposed brick walls, appliances included, recently renovated, beautiful hardwood flooring, updated kitchen & bath, central heat & air, ceiling fan(s), located downtown, historic building, industrial-style piping, video intercom system

Occupied

201

2 Beds

2 Baths

1,663 sqft

$2,940

On-Site Laundry • Central Heat • Deck • Hardwood Floor • Ceiling Fan • Dishwasher

Days on market: 79

Welcome to 124 Monroe — six newly renovated apartments located above McEwen’s in the heart of downtown Memphis. Each unit blends historic charm with modern convenience, featuring original exposed brick, industrial-style piping, and carefully preserved architectural details that highlight the building’s character. This 2 bedroom, 2 bathroom townhouse spans the second and third floors and offers bright, open living space with unique architectural details and a private rooftop deck. The main living area is located upstairs and features soaring ceilings and a huge open-concept layout in the main living/dining/kitchen area. A large window overlooks Monroe Avenue, and a staircase leads up to your own private fourth-floor rooftop deck. The kitchen includes a spacious island with seating, stainless steel appliances, and ample cabinetry. One bedroom is located on the main floor with a large closet and an en suite bathroom that includes a double sink vanity, reclaimed wood shelving, and a shower/tub combo. This bathroom also has access from the main living area. Downstairs, you'll find the second bedroom with its own private en suite bathroom featuring a glass-enclosed shower and double sink vanity. The washer and dryer are also located on the lower level. Virtual tour: https www zillow com view-imx c5f43c28-56e5-484f-b60e-46b8b838b307?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard A unique blend of modern updates and original character, this unit offers downtown living with style. Enjoy peace of mind with controlled building access and a video intercom system at every unit for secure, convenient entry for both residents and their guests. Pet friendly! You'll be right in the middle of the action, with AutoZone Park, The Peabody, Flight Restaurant and Wine Bar, Rendezvous, Little Petals., and more of downtown’s best dining and entertainment just around the corner. A public parking garage is conveniently located just behind the building, though parking is not included. SCHEDULE A SHOWING: https app tenantturner com qualify 124-monroe-avenue-3 Professionally managed by 901 Real Estate Services *Additional fees may apply. Please see below. Photos may be of different units than one available and/or virtually staged.* *Typical fees for approved applicants, not including security deposit: one-time admin fee of $250; one-time pet fee & monthly pet rent, determined by PetScreening per pet. Advertised rent price per month includes $40 Resident Benefit Package. Please ask the Property Manager for more information.* **Avoid scams: We do not post our properties on Facebook Marketplace or and will never ask you to pay anything through CashApp, Zelle, or Venmo.** Amenities: stainless steel appliances, controlled access building, refrigerator, pet friendly, exposed brick walls, appliances included, washer/dryer included, beautiful hardwood flooring, updated kitchen & bath, central heat & air, ceiling fan(s), double sink vanity, shower/tub combo, located downtown, historic building, glassed-in shower, island in kitchen, multi-story, video intercom system, private rooftop deck, reclaimed wood shelving