Zumper
modified
16 Hours Ago

Highlights

  • Pet Friendly
  • Gated parking
  • Washer and dryer
  • Gated entry
  • Sleek stainless steel appliances
  • Central air/heat
  • Beautiful hardwood floors

Location

2009 Peabody Ave, Memphis, TN 38104, USA|East Midtown
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Contact

Management

Kismet Property Management, LLC

Leasing office

(901) 281-4441

Property Overview

Peabody Falls features an impressive overall rating of 8.7, with standout amenities and a pricing structure that offers excellent value. Residents benefit from a prime location with abundant social and cultural options, as well as exceptional pet-friendly resources nearby. The property also showcases notable features including gated entry, stylish appliances, and central heating and cooling for high-quality living.

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

8.7
Very Good
With a solid 8.7 out of 10 overall, Peabody Falls is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Peabody Falls has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Images Available

Great for

  • Pet owners
  • Social life

Floor plans

1 Bedroom 1 Bath (579)1 bed1 bath579 sqft$1,175 /mo1 unit availableOCTOBER SPECIAL!! ADDITIONAL 1 MONTH FREE!! PLUS MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST 3 MONTHS!! Welcome to our newly constructed apartments in the heart of Midtown Memphis with prices starting at $1,175 for a 1 bed, 1 bath and $1,990 for a 2 bed, 2 bath!! These modern and stylish homes offer a comfortable and convenient living experience. Each apartment features central air/heat to keep you comfortable year-round, as well as beautiful hardwood floors that add a touch of elegance to your living space. The double vanities in the bathrooms provide ample space for your personal care routine. You'll love the convenience of having a washer and dryer right in your unit, making laundry day a breeze. The sleek stainless steel appliances in the kitchen are not only visually appealing but also perfect for preparing delicious meals. Rest easy knowing that our gated entry and gated parking provide an extra layer of security for you and your belongings. Additionally, security cameras are strategically placed throughout the property to ensure your peace of mind. Stay cool during the warmer months with ceiling fans in every room. Located in the vibrant Midtown Memphis area, you'll have easy access to a variety of dining, shopping, and entertainment options. Don't miss out on the opportunity to make these apartments your new home! Contact us today to schedule a tour and experience the best of Midtown living. This is a must see unit!! It will not last long!! Contact our agent at 901-281-4441 or our office at 901-272-8658 to schedule a showing. Please visit our website at ww kismetproperties com for additional properties. Ask about our discount for active law enforcement officers!!
1BR/1.0BA1 bed1 bath665 sqft$1,275 /mo1 unit availableOCTOBER SPECIAL!! ADDITIONAL 1 MONTH FREE!! PLUS MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST 3 MONTHS!! Welcome to our newly constructed apartments in the heart of Midtown Memphis with prices starting at $1,175 for a 1 bed, 1 bath and $1,990 for a 2 bed, 2 bath!! These modern and stylish homes offer a comfortable and convenient living experience. Each apartment features central air/heat to keep you comfortable year-round, as well as beautiful hardwood floors that add a touch of elegance to your living space. The double vanities in the bathrooms provide ample space for your personal care routine. You'll love the convenience of having a washer and dryer right in your unit, making laundry day a breeze. The sleek stainless steel appliances in the kitchen are not only visually appealing but also perfect for preparing delicious meals. Rest easy knowing that our gated entry and gated parking provide an extra layer of security for you and your belongings. Additionally, security cameras are strategically placed throughout the property to ensure your peace of mind. Stay cool during the warmer months with ceiling fans in every room. Located in the vibrant Midtown Memphis area, you'll have easy access to a variety of dining, shopping, and entertainment options. Don't miss out on the opportunity to make these apartments your new home! Contact us today to schedule a tour and experience the best of Midtown living. This is a must see unit!! It will not last long!! Contact our agent at 901-281-4441 or our office at 901-272-8658 to schedule a showing. Please visit our website at ww kismetproperties com for additional properties. Ask about our discount for active law enforcement officers!!
2BR/1.0BA2 bed1 bath650 sqft$1,095 /mo1 unit availableOCTOBER SPECIAL!! ADDITIONAL 1 MONTH FREE!! PLUS MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST 3 MONTHS!! Welcome to our newly constructed apartments in the heart of Midtown Memphis with prices starting at $1,175 for a 1 bed, 1 bath and $1,990 for a 2 bed, 2 bath!! These modern and stylish homes offer a comfortable and convenient living experience. Each apartment features central air/heat to keep you comfortable year-round, as well as beautiful hardwood floors that add a touch of elegance to your living space. The double vanities in the bathrooms provide ample space for your personal care routine. You'll love the convenience of having a washer and dryer right in your unit, making laundry day a breeze. The sleek stainless steel appliances in the kitchen are not only visually appealing but also perfect for preparing delicious meals. Rest easy knowing that our gated entry and gated parking provide an extra layer of security for you and your belongings. Additionally, security cameras are strategically placed throughout the property to ensure your peace of mind. Stay cool during the warmer months with ceiling fans in every room. Located in the vibrant Midtown Memphis area, you'll have easy access to a variety of dining, shopping, and entertainment options. Don't miss out on the opportunity to make these apartments your new home! Contact us today to schedule a tour and experience the best of Midtown living. This is a must see unit!! It will not last long!! Contact our agent at 901-281-4441 or our office at 901-272-8658 to schedule a showing. Please visit our website at ww kismetproperties com for additional properties. Ask about our discount for active law enforcement officers!!
2BR/2.0BA2 bed2 bath1,322 sqft$1,990 /mo1 unit availableOCTOBER SPECIAL!! ADDITIONAL 1 MONTH FREE!! PLUS MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST 3 MONTHS!! Welcome to our newly constructed apartments in the heart of Midtown Memphis with prices starting at $1,175 for a 1 bed, 1 bath and $1,990 for a 2 bed, 2 bath!! These modern and stylish homes offer a comfortable and convenient living experience. Each apartment features central air/heat to keep you comfortable year-round, as well as beautiful hardwood floors that add a touch of elegance to your living space. The double vanities in the bathrooms provide ample space for your personal care routine. You'll love the convenience of having a washer and dryer right in your unit, making laundry day a breeze. The sleek stainless steel appliances in the kitchen are not only visually appealing but also perfect for preparing delicious meals. Rest easy knowing that our gated entry and gated parking provide an extra layer of security for you and your belongings. Additionally, security cameras are strategically placed throughout the property to ensure your peace of mind. Stay cool during the warmer months with ceiling fans in every room. Located in the vibrant Midtown Memphis area, you'll have easy access to a variety of dining, shopping, and entertainment options. Don't miss out on the opportunity to make these apartments your new home! Contact us today to schedule a tour and experience the best of Midtown living. This is a must see unit!! It will not last long!! Contact our agent at 901-281-4441 or our office at 901-272-8658 to schedule a showing. Please visit our website at ww kismetproperties com for additional properties. Ask about our discount for active law enforcement officers!!

Let's explore this property.

Amenities for Peabody Falls

Apartment Amenities

Air ConditioningQuartz Counters
Solid Surface Flooring

Appliances

Central Air and HeatIn-Unit Laundry
Stainless Steel AppliancesWasher and Dryer

Building

Cats OKDogs OK
Gated ParkingSecurity Cameras

Services

Water & Garbage
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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units58
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About Peabody Falls

HomeApartments in MemphisEast Midtown Peabody Falls

Special!! Enjoy the 1st month free with an approved application!! Welcome to our newly constructed apartments in the heart of Midtown Memphis with prices starting at $1,175 for a 1 bed, 1 bath and $1,990 for a 2 bed, 2 bath!! These modern and stylish homes offer a comfortable and convenient living experience. Each apartment features central air/heat to keep you comfortable year-round, as well as beautiful hardwood floors that add a touch of elegance to your living space. The double vanities in the bathrooms provide ample space for your personal care routine. You'll love the convenience of having a washer and dryer right in your unit, making laundry day a breeze. The sleek stainless steel appliances in the kitchen are not only visually appealing but also perfect for preparing delicious meals. Rest easy knowing that our gated entry and gated parking provide an extra layer of security for you and your belongings. Additionally, security cameras are strategically placed throughout the property to ensure your peace of mind. Stay cool during the warmer months with ceiling fans in every room. Located in the vibrant Midtown Memphis area, you'll have easy access to a variety of dining, shopping, and entertainment options. Don't miss out on the opportunity to make these apartments your new home! Contact us today to schedule a tour and experience the best of Midtown living. This is a must see unit!! It will not last long!! Contact our agent at 901-281-4441 or our office at 901-272-8658 to schedule a showing. Please visit our website at ww kismetproperties com for additional properties.


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.
8.7
/10
Very Good
With a solid 8.7 out of 10 overall, Peabody Falls is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Peabody Falls has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Peabody Falls
Price·9A 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 Falls stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A 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 Falls stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
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 Falls 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 Falls to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Peabody Falls is great for:

Pet owners

  • 2 dog parks within 1 mile
  • 5 pet supply stores near the property
  • 2 pet hospitals in the area

Social life

  • 152 restaurants within 1 mile of this property
  • 203 mixed-use spaces nearby
  • Diverse age groups live in this area
  • 25 local event hubs within 1 mile

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 Falls compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.1 mile away
Images Available
There are at least 10 photos of this address

Considerations

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

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Rent trends in East Midtown

1-bedroom apartments here are priced 3% lower than 1-bedrooms in East Midtown.

If you decide to upgrade your space, you can expect 2-bedrooms at Peabody Falls to be 19% more than the average for similarly sized apartments in East Midtown.

Median rents as of Oct 25 2025.
East Midtown
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
November 2023$881
December 2023$886
January 2024$899
February 2024$899
March 2024$908
April 2024$916
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
A table of 1-bedroom apartment rental data trends in East Midtown
MonthMedian Rent
March 2024$1,042
April 2024$1,125
May 2024$1,104
June 2024$1,122
July 2024$1,089
August 2024$1,081
September 2024$1,119
December 2024$1,050
February 2025$995
March 2025$985
June 2025$1,095
July 2025$1,106
August 2025$1,241
September 2025$1,259
October 2025$1,255

Affordability calculator

Can I afford to live at 2009 Peabody Ave?

Bedrooms

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

$49,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,000 annually to afford this 1-bedroom median monthly rent price of $1,225.
For more information on rent affordability, visit our rent calculator.

Schools near Peabody Falls

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 Peabody Falls

Getting around Memphis near 2009 Peabody Ave

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
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 2009 Peabody Ave, Memphis

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

6/10
At least one high school within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 2009 Peabody Ave

The Fresh Market
2145 Union Ave
Kroger
1759 Union Ave
Cash Savers
1620 Madison Ave
Gordon Food Service Store
1460 Union Ave
V H Foods
40 N Cleveland St

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