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531 Peabody Sq, Memphis, TN 38104, USA|East Midtown
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Revid Property Management
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About 531 Peabody Sq
531 Peabody Sq cost $1,500 per month. Located at 531 Peabody Sq, Memphis, TN 38104, USA, this unit has 2 bedrooms and 1 bathroom. Based on the average rent price of 2 bedrooms in Memphis, renting this apartment is 50% more expensive per month.
Address details
| Neighborhood | East Midtown |
|---|---|
| Zip code | 38104 |
| Type | Apartment for rent |
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Rent trends in East Midtown
2-bedroom apartments at 531 Peabody Sq cost about 28% more than the average rent price for 2-bedroom apartments in Memphis.
Median rents as of Jan 24 2026.
East Midtown
Memphis
| Month | Median Rent |
|---|---|
| February 2024 | $1,007 |
| March 2024 | $1,003 |
| April 2024 | $1,024 |
| 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 | $1,004 |
| Month | Median Rent |
|---|---|
| February 2024 | $995 |
| March 2024 | $1,198 |
| April 2024 | $1,150 |
| May 2024 | $1,200 |
| June 2024 | $1,193 |
| July 2024 | $1,298 |
| August 2024 | $1,535 |
| September 2024 | $1,554 |
| October 2024 | $1,431 |
| November 2024 | $1,391 |
| December 2024 | $1,385 |
| January 2025 | $1,501 |
| February 2025 | $1,354 |
| March 2025 | $1,312 |
| April 2025 | $1,299 |
| May 2025 | $1,483 |
| June 2025 | $1,790 |
| July 2025 | $1,579 |
| August 2025 | $1,418 |
| September 2025 | $1,479 |
| October 2025 | $1,341 |
| November 2025 | $1,289 |
| December 2025 | $1,268 |
| January 2026 | $1,190 |
Affordability calculator
Can I afford to live at 531 Peabody Sq?
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
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 2-bedrooms monthly rent price of $1,500.
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 | |||||
|---|---|---|---|---|---|
| 7 years ago | $1,295 | 2 bed | 1.5 bath | ||
| 7 years ago | $1,295 | 2 bed | 1.5 bath | ||
| 10 years ago | $1,300 | 2 bed | 1 bath | ||
| 11 years ago | $1,200 | 2 bed | 1 bath |
Schools near 531 Peabody Sq
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
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
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Internet available near 531 Peabody Sq
Getting around Memphis near 531 Peabody Sq
Walking
7/10
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
2/10
There are a few mass transit options within the area.
Points of interest for 531 Peabody Sq, Memphis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Other units at this address
531 Peabody Square, Memphis, TN
531 Peabody Square Memphis, TN
Occupied
531
2 Beds
1 Bath
$1,300
Hardwood Floor • In-Unit Laundry • Walk-In Closets
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