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Highlights

  • Pet Friendly

Location

1506 Monroe Ave, Memphis, TN 38104, USA|Monroe Avenue Residents Coalition

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1082 Palmetto Avenue, Memphis, TN, 38107

Our team has verified this company

1082 Palmetto Avenue

1 Bed

$545

featured image of Memphis Drive

Memphis Drive

1 Bed

$625

featured image of 741 Neptune Street #102

741 Neptune Street #102

1 Bed

$600

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Annesdale Park • 1298 Carr Avenue

1 Bed

$595

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Hollywood-Hyde Park-Springdale • 1210 North Evergreen Street

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$495

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Binghampton-Lester • Timber Pines

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$629

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Magnolia Barksdale Civic Club • 1875 Keltner Cir

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Binghampton-Lester • 165 North Merton Street

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Rent trends in Monroe Avenue Residents Coalition

1-bedroom apartments at 1506 Monroe Ave #2 cost about 31% less than the average rent price for 1-bedroom apartments in Memphis.

Median rents as of Dec 13 2025.
Monroe Avenue Residents Coalition
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
December 2023$895
January 2024$899
February 2024$899
March 2024$908
April 2024$916
May 2024$939
June 2024$933
July 2024$993
August 2024$1,022
September 2024$1,070
October 2024$1,067
November 2024$1,060
December 2024$1,059
January 2025$1,070
February 2025$1,035
March 2025$1,016
April 2025$996
May 2025$995
June 2025$995
July 2025$968
August 2025$989
September 2025$962
October 2025$964
November 2025$978
December 2025$980
A table of 1-bedroom apartment rental data trends in Monroe Avenue Residents Coalition
MonthMedian Rent
December 2023$885
January 2024$885
February 2024$885
March 2024$885
April 2024$885
May 2024$885
June 2024$842
July 2024$885
August 2024$834
September 2024$783
October 2024$747
November 2024$750
April 2025$815
May 2025$794
June 2025$930
July 2025$940
August 2025$778
September 2025$779
October 2025$798
November 2025$789
December 2025$799

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 1506 Monroe Ave, Memphis, TN.
8 years ago$550

Schools near 1506 Monroe Ave #2

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 1506 Monroe Ave #2

Getting around Memphis near 1506 Monroe Ave

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1506 Monroe Ave, Memphis

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

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