1 Day Ago
Highlights
Pet Friendly
Location
245 Madison Ave #604, Memphis, TN 38103, USA|New Pathways
Tour 245 Madison Ave #604
Contact
Renshaw Company Realtors
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Property Overview
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- More space
- High school nearby
Great for
Social life
Eco living
Pet owners
Amenities for 245 Madison Ave #604, New Pathways
Appliances
| In-Unit Laundry |
Building
| Cats OK | Dogs OK |
Services
| Package Service |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 245 Madison Ave #604
Sweet deal!
This listing is 14% below the median price for 1 bedroom apartments in New Pathways.
Overlooking the energy of AutoZone Park in the heart of downtown Memphis, this studio apartment offers a unique blend of urban style and everyday convenience. Enjoy wide windows that flood the space with natural light while providing a front-row view of the stadium atmosphere. Inside, the open-concept layout features sleek concrete floors and an exposed ceiling, creating a modern industrial feel with character throughout. The kitchen comes fully equipped with all appliances, and in-unit washer and dryer add an extra layer of convenience to your daily routine. Just steps away from dining, entertainment, and everything downtown Memphis has to offer! Pets are negotiable with a $250 non-refundable pet deposit and a $25 monthly pet fee (per pet). Se habla espanol. All Renshaw Company residents are enrolled in the Resident Benefits Package (RBP) for $35/month which includes liability insurance, credit building to help boost the residents credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), our best-in-class resident rewards program, and much more! More details upon application. For more rental listings, please visit rentrenshaw com To schedule a showing click this link: https app tenantturner com listings renshawcompanyrealtors
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 245 Madison Ave, Memphis, TN 38103, USA compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.0 mile away
- More space
- The 1-bedroom is 462 sqft larger than other listings nearby
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 0.2 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Neighborhood | New Pathways |
|---|---|
| Zip code | 38103 |
| Type | Apartment for rent |
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Rent trends in New Pathways
1-bedroom apartments at 245 Madison Ave #604 cost about 14% less than the average rent price for 1-bedroom apartments in Memphis.
Median rents as of Apr 25 2026.
New Pathways
Memphis
| Month | Median Rent |
|---|---|
| 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 | $970 |
| January 2026 | $943 |
| February 2026 | $949 |
| March 2026 | $926 |
| April 2026 | $900 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,233 |
| June 2024 | $1,277 |
| July 2024 | $1,312 |
| August 2024 | $1,312 |
| September 2024 | $1,317 |
| October 2024 | $1,245 |
| November 2024 | $1,082 |
| December 2024 | $1,256 |
| January 2025 | $1,303 |
| February 2025 | $1,315 |
| March 2025 | $1,308 |
| April 2025 | $1,337 |
| May 2025 | $1,485 |
| June 2025 | $1,489 |
| July 2025 | $1,475 |
| August 2025 | $1,394 |
| September 2025 | $1,370 |
| October 2025 | $1,395 |
| November 2025 | $1,395 |
| December 2025 | $1,395 |
| January 2026 | $1,402 |
| February 2026 | $1,448 |
| March 2026 | $1,429 |
| April 2026 | $1,459 |
Affordability calculator
Can I afford to live at 245 Madison Ave #604?
Bedrooms
1 bedroomRent-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
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 1-bedroom monthly rent price of $1,250.
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 | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,250 | 1 bed | 1 bath | ||
| 1 year ago | $1,335 | 1 bed | 1 bath | ||
| 3 years ago | $1,375 | 1 bed | 1 bath | ||
| 5 years ago | $995 | 1 bed | 1 bath | ||
| 7 years ago | $875 | 1 bed | 1 bath | ||
| 7 years ago | $1,150 | 1 bed | 1 bath | ||
| 8 years ago | $1,250 | 1 bed | 1 bath | ||
| 8 years ago | $620 | 1 bed | 1 bath | ||
| 9 years ago | $1,095 | 1 bed | 1 bath |
Schools near 245 Madison Ave #604
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 245 Madison Ave #604
Getting around Memphis near 245 Madison Ave #604
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
5/10
Frequent public transit options are within walking distance.
Points of interest for 245 Madison Ave #604, Memphis
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
6/10
Some bars within a few minutes’ walk
Other units at this address
245 Madison Ave, Memphis, TN
245 Madison Ave Memphis, TN
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1 Bed
1 Bath
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Air Conditioning • Furnished • Assigned Parking • Dishwasher • In-Unit Laundry
Occupied
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Air Conditioning • Dishwasher • On-Site Laundry • Walk-In Closets • In-Unit Laundry
Occupied
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Walk-In Closets • In-Unit Laundry • Central Heat • Dishwasher
Occupied
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In-Unit Laundry • Assigned Parking
Occupied
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1 Bed
1 Bath
$1,150
Air Conditioning • Assigned Parking • Dishwasher • On-Site Laundry • Walk-In Closets • In-Unit Laundry
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$1,225
In-Unit Laundry
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