5+ Days Ago
Location
1508 Madison Ave, Memphis, TN 38104, USA
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Property Overview
Cherokee Arms presents a favorable rental opportunity, reflected in its strong Zumper Expert Rating of 7.7 out of 10 and a competitive price rating of 8 out of 10, highlighting a great balance between cost and value. The property excels with an amenities score of 8 and a location rating of 9, ensuring residents benefit from a rich array of facilities and exceptional accessibility to local attractions. Additionally, it ranks in the 88.89 percentile for value for money, with a vibrant social scene supported by numerous dining and mixed-use options nearby.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “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
Great for
Social life
Floor plans
| Cherokee Arms - 206 | Studio | 1 bath | 332 sqft | $789 /mo | 1 unit available | ||
| Cherokee Arms - 104 | Studio | 1 bath | 332 sqft | $789 /mo | 1 unit available | ||
| Cherokee Arms - 105 | Studio | 1 bath | 332 sqft | $789 /mo | 1 unit available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 3 |
|---|
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About Cherokee Arms
Cherokee Arms cost $789 per month. Located at 1508 Madison Ave, Memphis, TN 38104, USA, Cherokee Arms has studio bedroom units available. Based on the average rent price of studio in Memphis, renting an apartment at Cherokee Arms is 3% cheaper per month.Other apartment buildings in or around Memphis include but are not limited to: 1591 Locust Street, 175 Stonewall St, 2038 Southern Avenue, 1867 Poplar Pines Drive
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.7
/10
Very GoodCherokee Arms is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Cherokee Arms is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Cherokee Arms is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Cherokee Arms is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Cherokee Arms does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Cherokee Arms provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Reviews from the web
Showing 1 highest rated
Just know that the types of people they rent to include those who will blast their podcasts and music at full volume with all of the windows open for 6-8 hour stretches. And isn’t that exactly who you want to be next to at these rates?! It’s pretty though.
Kelsey Clarkson
Mar 29, 2022
We’re sharing just 1 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Cherokee Arms is great for:
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 Cherokee Arms compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Memphis
Studio apartments at Cherokee Arms cost about 3% less than the average rent price for studios in Memphis.
Median rents as of Dec 13 2025.
Memphis
| Month | Median Rent |
|---|---|
| December 2023 | $650 |
| January 2024 | $650 |
| 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 | $1,001 |
Affordability calculator
Can I afford to live at 1508 Madison Ave?
Bedrooms
StudioRent-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
$31,560/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,560 annually to afford this studio median monthly rent price of $789.
For more information on rent affordability, visit our rent calculator.
Schools near Cherokee Arms
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 Cherokee Arms
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 1508 Madison 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
6/10
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 1508 Madison Ave, 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
7/10
Variety of restaurants within a few minutes' walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
Explore the area around 1508 Madison Ave
Gordon Food Service Store
1460 Union Ave
Cash Savers
1620 Madison Ave
V H Foods
40 N Cleveland St
Kroger
1759 Union Ave
Kroger
1366 Poplar Ave
Larkin Jeans
Decorluxe Boutique
1519 Union Ave
Family Dollar
142 N Avalon St
Rainbow
1629 Poplar Ave
Glitz
1335 Madison Ave
Dunkin'
1540 Union Ave
7 Brew Coffee
1625 Union Ave
Tropical Smoothie Cafe
1708 Union Ave
Starbucks
1761 Union Ave
Scooter's Coffee
1698 Poplar Ave
Cru Lounge
1532 Madison Ave
Murphy's
1589 Madison Ave
Drus Place
1474 Madison Ave
Canvas
1737 Madison Ave
Presidential Lounge
1320 Madison Ave
The Gingers Bread & Co
1613 Union Ave
Pyramid Midtown Country Pies
1294 Madison Ave
Kroger Bakery
1366 Poplar Ave
Kel's Cookie Corner
1325 Autumn Ave
Lucy J's Bakery
1350 Concourse Ave
Morris Park
Spanish War Memorial Park
Dlugach Park
Binghampton Park
Frank Tobey Park
Oasis Minglewood
1555 Madison Ave
Murphy's
1589 Madison Ave
Dunkin'
1540 Union Ave
Domino's
1560 Union Ave
Subway
1558 Union Ave
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