Condo for rent

5+ Days Ago

127 Madison Ave #701
127 Madison Ave #701, Memphis, TN 38103, USA

Monthly rent	$1,725
Beds	2
Baths	2
Sqft	1,400

Monthly rent	$1,725
Beds	2
Baths	2
Sqft	1,400

5+ Days Ago

Highlights

Private entrance
Granite counters
Gas cooking
Beautiful courtyard

Location

127 Madison Ave #701, Memphis, TN 38103, USA

Tour 127 Madison Ave #701

Contact

Janie Courser

Crye Leike, Inc.

(844) 326-5877 ext. 5984

Property Overview

127 Madison Ave #701 offers a private entrance, granite counters, gas cooking, and a beautiful courtyard, with 66 photos providing a helpful look at the space. It also stands out for value for money and convenient access to nearby elementary, middle, and high schools. The surrounding area is especially strong for social life, with many restaurants, cultural spots, event hubs, and entertainment venues close by.

Things you’ll love

Elementary school nearby
Middle school nearby
High school nearby

Great for

Social life

Amenities for 127 Madison Ave #701

Grounds

Garage Parking

Outdoor Space

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

About 127 Madison Ave #701

Home

Apartments in Memphis

127 Madison Ave #701, Memphis, TN 38103, USA

Property Status: Active 2br Condo In The Goodwyn Building! Rooftop Offers Outdoor Kitchen & Huge Hot Tub! Garage Parking! This rare Downtown find offers luxury living to the fullest. Amenities include private entrance into lobby from garage, rooftop access, beautiful courtyard and an elegant lobby. The condo offers a Chef's kitchen with gas cooking and granite counters. *MOVE IN SPECIAL* 1/2 OFF FIRST FULL MONTHS RENT! Office Phone: (901) 279-8653 Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Go to property website

Property highlights

How 127 Madison Avenue, Memphis, TN 38103, USA compares to other nearby properties.

Positives

Elementary school nearby: There is an elementary school 0.2 mile away
Middle school nearby: There is a middle school 0.1 mile away
High school nearby: There is a high school 1 mile away
Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
Fireplace: Upgraded in-unit features
Images Available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building or in-unit

Address details

Zip code	38103
Type	Condo for rent

Get the latest listings anytime, anywhere

Receive similar listings in the area, download our app, and more.

Rent trends in Memphis

2-bedroom apartments at 127 Madison Ave #701 cost about 73% more than the average rent price for 2-bedroom apartments in Memphis.

Median rents as of Jun 20 2026.

Memphis

A table of 2-bedroom apartment rental data trends in Memphis
Month	Median Rent
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
December 2025	$1,026
January 2026	$1,012
February 2026	$1,014
March 2026	$999
April 2026	$991
May 2026	$977
June 2026	$987

Affordability calculator

Can I afford to live at 127 Madison Ave #701?

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

$69,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $69,000 annually to afford this 2-bedrooms monthly rent price of $1,725.

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

Check availability

Rent history

Check out the past listing prices for monthly rent at 127 Madison Ave, Memphis, TN.
			Bath
This month	$1,725	2 bed	2 bath
11 months ago	$1,890	2 bed	2 bath
2 years ago	$2,350	2 bed	2 bath
7 years ago	$1,850	2 bed	2 bath
8 years ago	$1,600	2 bed	2 bath
9 years ago	$2,500	2 bed	2 bath
9 years ago	$1,500	2 bed	2 bath
10 years ago	$1,600	2 bed	2 bath
10 years ago	$1,500	2 bed	2 bath
11 years ago	$1,500	2 bed	2 bath

Schools near 127 Madison Ave #701

Internet available near 127 Madison Ave #701

Getting around Memphis near 127 Madison Ave #701

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 127 Madison Ave #701, Memphis

Groceries

9/10

At least one supermarket within a 10-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

10/10

At least one elementary school within a 5-minute walk

High schools

10/10

At least one high school within a 5-minute walk

Parks

6/10

Large amount of park space nearby

Nightlife

8/10

Wide variety of bars within a few minutes' walk

Other units at this address

127 Madison Avenue, Memphis, TN

127 Madison Avenue Memphis, TN

Occupied

402

2 Beds

2 Baths

1,400 sqft

$1,500

Walk-In Closets • Air Conditioning • High Ceilings • In-Unit Laundry • Hardwood Floor • Dishwasher

Occupied

2 Beds, 2 Baths

2 Beds

2 Baths

1,400 sqft

$1,725

Occupied

502

2 Beds

2 Baths

1,400 sqft

$1,740

Fireplace • On-Site Laundry • High Ceilings • In-Unit Laundry • Hardwood Floor • Dishwasher

Days on market: 332

*** Special $130 parking credit per month*** This stunning 2 bedroom 2 bathroom condo is located in The Goodwyn, a historic and elegant high-rise in the heart of the downtown. This home features hardwood floors throughout, 10-foot ceilings, and an open-concept living, dining, and kitchen area, perfect for entertaining. The kitchen boasts stainless steel appliances, granite countertops, and a large breakfast bar. The primary bedroom offers an en suite bathroom, featuring a large shower/tub combo, double-sink vanity, and a dressing closet with a built-in wall safe. The second full bathroom includes another shower/tub combo. Washer/dryer included. Pet friendly (cats and small dogs only). Parking is not included, but a parking garage is conveniently located directly adjacent to the building. Residents of The Goodwyn enjoy access to multiple amenities, including a rooftop deck with a plunge pool, outdoor kitchen, and city and river overlooks. The building also features a catering kitchen, a beautifully landscaped courtyard, and an inviting lobby with a gas fireplace, perfect for entertaining guests. The Goodwyn is centrally located downtown and just blocks from dining, parks, AutoZone Park, and more! SCHEDULE A SHOWING: https app tenantturner com qualify 127-madison-avenue?p=TenantTurner 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; any fees associated with specific communities or buildings - 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, breakfast bar, gas range, appliances included, washer/dryer included, beautiful hardwood flooring, central heat & air, rooftop pool, double sink vanity, convenient location, dressing closet(s), shower/tub combo, located downtown, historic building, renovated interior, grills on roof, pet friendly - cats and small dogs only, rooftop deck