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
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Property Overview
Private entrance, granite counters, gas cooking, and a beautiful courtyard create an appealing and functional living space, well-documented by 66 photos for easy online viewing. Nearby top-rated elementary, middle, and high schools are all within about a mile. The location is also strong for social life, with abundant restaurants, parks, entertainment venues, and cultural institutions within close proximity.
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
Elementary school nearby- High school nearby
- Middle 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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 127 Madison Ave #701
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) 758-5678 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.
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 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
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 0.1 mile away
- 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 |
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Rent trends in Memphis
2-bedroom apartments at 127 Madison Ave #701 cost about 105% more than the average rent price for 2-bedroom apartments in Memphis.
Median rents as of Apr 25 2026.
Memphis
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,026 |
| January 2026 | $1,012 |
| February 2026 | $1,014 |
| March 2026 | $999 |
| April 2026 | $991 |
Affordability calculator
Can I afford to live at 127 Madison Ave #701?
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
$79,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $79,800 annually to afford this 2-bedrooms monthly rent price of $1,995.
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 | |||||
|---|---|---|---|---|---|
| 9 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 | ||
| 8 years ago | $1,500 | 2 bed | 2 bath | ||
| 9 years ago | $1,600 | 2 bed | 2 bath | ||
| 9 years ago | $1,500 | 2 bed | 2 bath | ||
| 11 years ago | $1,500 | 2 bed | 2 bath |
Schools near 127 Madison Ave #701
Downtown Elementary School
10 n 4th st
memphis, TN, 38103
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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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
$1,500
High Ceilings • Dishwasher • Walk-In Closets • In-Unit Laundry • Air Conditioning • Hardwood Floor
Occupied
502
2 Beds
2 Baths
$1,740
High Ceilings • On-Site Laundry • Dishwasher • Fireplace • In-Unit Laundry • Central Heat
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