Zumper
modified
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Highlights

  • Pet Friendly
  • Private balcony
  • On-site laundry facilities
  • Large windows
  • Fully equipped kitchen
  • Central air & heat
  • Beautiful hardwood floors

Location

1896 Peabody Ave, Memphis, TN 38104, USA|Idlewild
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Contact

Management

Kismet Property Management, LLC

Leasing office

(901) 281-4441

Property Overview

Peabody Place Apartments is a highly rated option for renters, with an overall Zumper Expert Rating of 8.8/10 and top marks for price, amenities, and location. Residents can expect strong value, convenient access to schools, restaurants, event spaces, and mixed-use hubs, plus features like private balconies, large windows, hardwood floors, central air and heat, and on-site laundry. The property is also recognized for pet friendliness, fitness and wellness support, and social life opportunities, with a solid reputation for quality and transparency.

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.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, Peabody Place Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Peabody Place Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Dishwasher
  • Laundry available on site

Great for

  • Social life
  • Wellness
  • Pet owners

Floor plans

1 Bed Room/ 1 Bath1 bed1 bath800 sqft$895–$900 /mo2 units availableSPRING SPECIAL – ½ OFF FIRST MONTH’S RENT! Welcome to 1896 Peabody, a charming 1-bedroom, 1-bathroom apartment in the heart of Memphis! This inviting home offers comfort, convenience, and great amenities: • On-site laundry facilities • Central air & heat • Fully equipped kitchen with dishwasher, stove, fridge, and disposal • Large windows with abundant natural light • Private balcony with peaceful courtyard views • Cable-ready setup • Beautiful hardwood floors • Pet-friendly The apartment is vacant and move-in ready, giving you a blank canvas to make it your own. Located in a desirable Memphis neighborhood, you’ll enjoy easy access to everything the city has to offer. Schedule a tour today! Call: 901-281-4441 or 901-272-8658 View more properties: www kismetproperties com Tags

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Amenities for Peabody Place Apartments

Apartment Amenities

Air ConditioningHardwood Floor
HardwoodsView
Water

Appliances

Central Air & HeatDishwasher
Stove and Fridge

Building

Cats OKDogs OK
Onsite Laundry

Grounds

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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units16
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About Peabody Place Apartments

HomeApartments in MemphisIdlewild Peabody Place Apartments

SPRING SPECIAL – ½ OFF FIRST MONTH’S RENT! Welcome to 1896 Peabody, a charming 1-bedroom, 1-bathroom apartment in the heart of Memphis! This inviting home offers comfort, convenience, and great amenities: • On-site laundry facilities • Central air & heat • Fully equipped kitchen with dishwasher, stove, fridge, and disposal • Large windows with abundant natural light • Private balcony with peaceful courtyard views • Cable-ready setup • Beautiful hardwood floors • Pet-friendly The apartment is vacant and move-in ready, giving you a blank canvas to make it your own. Located in a desirable Memphis neighborhood, you’ll enjoy easy access to everything the city has to offer. Schedule a tour today! Call: 901-281-4441 or 901-272-8658 View more properties: www kismetproperties com Tags


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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Peabody Place Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Peabody Place Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Peabody Place Apartments
Price·10A 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.
Peabody Place Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A 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.
Peabody Place Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Peabody Place Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Peabody Place Apartments 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Peabody Place Apartments to provide reasonable accomodations and accurate details about its community.
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.
Peabody Place Apartments 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.

Peabody Place Apartments is great for:

Social life

  • 145 restaurants within 1 mile of this property
  • 190 mixed-use spaces nearby
  • Diverse age groups live in this area
  • 28 local event hubs within 1 mile

Wellness

  • Ample windows and natural lighting
  • HVAC systems available onsite
  • On-site fitness or wellness programs
  • 21 gyms or yoga centers nearby

Pet owners

  • Outdoor spaces are available at this property
  • 2 pet grooming services nearby
  • 3 pet hospitals in the area
  • 5 pet supply stores near the property

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 Peabody Place Apartments compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
Dishwasher
Dishwasher available in kitchen
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Idlewild

Median rents as of May 23 2026.
Idlewild
Memphis
A table of 2-bedroom apartment rental data trends in Memphis
MonthMedian Rent
June 2024$1,052
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
May 2026$977
A table of 2-bedroom apartment rental data trends in Idlewild
MonthMedian Rent
July 2024$1,443
August 2024$1,410
September 2024$1,390
November 2024$1,390
December 2024$1,390

Affordability calculator

Can I afford to live at 1896 Peabody Ave?

Bedrooms

1 bedroom

Rent-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

$35,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this 1-bedroom monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.

Schools near Peabody Place Apartments

Exceptional Children Special Placements

160 s hollywood

memphis, TN, 38112

PK, K-12Public

Hamilton School

1478 wilson st

memphis, TN, 38106

PK, K-8Public
C-

Ida B. Wells Academy

995 s lauderdale st

memphis, TN, 38126

K-8Public
C-

Alcy Elementary

1750 e alcy rd

memphis, TN, 38114

PK, K-5Public
C-

University of Memphis - University Campus School

535 zach curlin

memphis, TN, 38152

K-5Public
A-
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Neighborhood

Idlewild | Memphis, TN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Memphis near 1896 Peabody Ave

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

4/10
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 1896 Peabody Ave, 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

6/10
Variety of restaurants within a few minutes' walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

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