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Madison Row offers strong overall value with a high expert rating, excellent marks for price, amenities, and location, and a solid level of trustworthiness. It stands out for its competitive value per square foot, nearby dining and event options, and features like air conditioning, central heat, beautiful bay windows, original hardwood floors, and high ceilings.
Things you’ll love
More spaceWalk-in closetGreat for
Social life| 1/1 | 1 bed | 1 bath | 950 sqft | $1,275 /mo |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Ceiling Fan |
| Central Heat | Hardwood Floor |
| Heating | Island Kitchen |
| Walk-in Closet | Window Coverings |
Appliances
| Refrigerator |
Tech
| Climate Control |
Services
| On-Site Maintenance |
Per-applicant.
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 6 |
|---|
Enjoy classic Midtown charm with modern comfort in this inviting apartment home. Featuring central heat and air conditioning, beautiful original hardwood floors, high ceilings, and stunning bay windows that fill the space with natural light, this apartment offers the perfect blend of character and convenience. Located in one of Midtown's most walkable neighborhoods, you'll be just steps from MingleWood Hall and close to some of Memphis' best restaurants, shops, entertainment, and local attractions. Rental DetailsBase Rent: $1,225/monthWater Fee: $50/monthSecurity Deposit: $500Administrative Fee: $250Pet Policy – Cats OnlyCats are welcome with a $150 non-refundable pet fee due before move-in and $25/month pet rent. (Two per apartment)
How Madison Row compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Madison Row cost about 70% more than the average rent price for 1-bedroom apartments in Monroe Avenue Residents Coalition.
| Month | Median Rent |
|---|---|
| July 2024 | $1,000 |
| 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 |
| May 2026 | $898 |
| June 2026 | $896 |
| July 2026 | $887 |
| Month | Median Rent |
|---|---|
| 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 | $808 |
| January 2026 | $826 |
| February 2026 | $889 |
| March 2026 | $799 |
| April 2026 | $796 |
| May 2026 | $817 |
| June 2026 | $768 |
| July 2026 | $750 |
Can I afford to live at 1517 Madison Ave?
Bedrooms
1 bedroomRent-to-income ratio
30%
$51,000/yr
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Monroe Avenue Residents Coalition | Memphis, TN
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Rhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
1–2 Beds
$659–$920
Binghampton-Lester • 2540 Broad Ave
Studio–2 Beds
$929–$3,782
University of Memphis • 274 S Highland St
1 Bed
$999–$1,050
125 Gayoso Ave
Studio–2 Beds
$1,100–$2,015
One Dr. Martin Luther King Jr. Ave
Studio–2 Beds
$1,285–$6,459
