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Peabody Falls offers strong overall value with an expert rating of 8.7/10, highlighted by excellent price (9/10), amenities (10/10), and location (9/10), plus solid quality and trustworthiness scores. Residents benefit from features like gated parking and entry, quartz countertops, sleek stainless steel appliances, and in-unit washer & dryer, as well as extensive photos for better insight. The community is also attractive for pet owners and those who enjoy an active social scene, with nearby pet services, a dog park, numerous restaurants, event hubs, and mixed-use spaces.
Things you’ll love
Elementary school nearbyImages AvailableGreat for
Social life
Pet owners| 1 Bedroom 1 Bath (579) | 1 bed | 1 bath | 579 sqft | $1,090 /mo | 1 unit available | Welcome to your brand-new home in the heart of Midtown Memphis! Peabody Falls Apartments are newly constructed apartments that combine modern style with everyday comfort, offering everything you need for convenient city living. Available Floor Plans: • 1 Bed / 1 Bath starting at $1,090 • 2 Bed / 1 Bath starting at $950 • 2 Bed / 2 Bath starting at $1,700 Apartment Features: • Central air & heat for year-round comfort • Elegant laminate floors • In-unit washer & dryer • Sleek stainless-steel appliances • Quartz countertops • Double vanities for added space and convenience • Ceiling fans in every room Community Amenities: • Gated entry & gated parking • Security cameras throughout the property Prime Midtown Location: Enjoy quick access to Overton Square, some of Memphis’ best dining, shopping, and entertainment—all just minutes from your door. Special Offer: Ask about our discount for active law enforcement officers! Schedule Your Tour Today! This is a must-see and won’t last long. Contact our agent at 901-281-4441 or our office at 901-272-8658 to book your showing. Visit: www kismetproperties com for more listings. Make Midtown living your reality—your new home is waiting! | |
| 2 bed/1 bath | 2 bed | 1 bath | 650 sqft | $950 /mo | 1 unit available | Welcome to your brand-new home in the heart of Midtown Memphis! Peabody Falls Apartments are newly constructed apartments that combine modern style with everyday comfort, offering everything you need for convenient city living. Available Floor Plans: • 1 Bed / 1 Bath starting at $1,090 • 2 Bed / 1 Bath starting at $950 • 2 Bed / 2 Bath starting at $1,700 Apartment Features: • Central air & heat for year-round comfort • Elegant laminate floors • In-unit washer & dryer • Sleek stainless-steel appliances • Quartz countertops • Double vanities for added space and convenience • Ceiling fans in every room Community Amenities: • Gated entry & gated parking • Security cameras throughout the property Prime Midtown Location: Enjoy quick access to Overton Square, some of Memphis’ best dining, shopping, and entertainment—all just minutes from your door. Special Offer: Ask about our discount for active law enforcement officers! Schedule Your Tour Today! This is a must-see and won’t last long. Contact our agent at 901-281-4441 or our office at 901-272-8658 to book your showing. Visit: www kismetproperties com for more listings. Make Midtown living your reality—your new home is waiting! | |
| 2 Bedroom 2 Bath (1322) | 2 bed | 2 bath | 1,322 sqft | $1,700 /mo | 1 unit available | Welcome to your brand-new home in the heart of Midtown Memphis! Peabody Falls Apartments are newly constructed apartments that combine modern style with everyday comfort, offering everything you need for convenient city living. Available Floor Plans: • 1 Bed / 1 Bath starting at $1,090 • 2 Bed / 1 Bath starting at $950 • 2 Bed / 2 Bath starting at $1,700 Apartment Features: • Central air & heat for year-round comfort • Elegant laminate floors • In-unit washer & dryer • Sleek stainless-steel appliances • Quartz countertops • Double vanities for added space and convenience • Ceiling fans in every room Community Amenities: • Gated entry & gated parking • Security cameras throughout the property Prime Midtown Location: Enjoy quick access to Overton Square, some of Memphis’ best dining, shopping, and entertainment—all just minutes from your door. Special Offer: Ask about our discount for active law enforcement officers! Schedule Your Tour Today! This is a must-see and won’t last long. Contact our agent at 901-281-4441 or our office at 901-272-8658 to book your showing. Visit: www kismetproperties com for more listings. Make Midtown living your reality—your new home is waiting! |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Granite Countertops |
| Solid Surface Flooring |
Appliances
| Central Air & Heat | Central Air and Heat |
| In-Unit Laundry | Microwave |
| Range | Refrigerator |
| Stainless Steel Appliances | Washer and Dryer |
Building
| Cats OK | Controlled Access |
| Dogs OK | New Construction |
| Security Cameras |
Grounds
| Stove and Refrigerator |
Services
| Water Sewage & Garbage |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 58 |
|---|
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.
How Peabody Falls compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 7% higher than 1-bedrooms in East Midtown.
If you decide to upgrade your space, you can expect 2-bedrooms at Peabody Falls to be 3% less than the average for similarly sized apartments in East Midtown.
| 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 | $1,104 |
| 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 |
| November 2025 | $1,225 |
| December 2025 | $1,230 |
| January 2026 | $1,183 |
| February 2026 | $1,151 |
| March 2026 | $1,098 |
| April 2026 | $1,138 |
Can I afford to live at 2009 Peabody Ave?
Bedrooms
Rent-to-income ratio
30%
$43,600/yr
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Binghampton-Lester • 2540 Broad Ave
Studio–2 Beds
$1,136–$3,652
Rhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
1–2 Beds
$659–$920
University of Memphis • 274 S Highland St
1 Bed
$999–$1,050
New Pathways • 420 Monroe Ave
Studio–2 Beds
$1,279–$6,119
Central Gardens • 1835 Union Ave
Studio–2 Beds
$1,273–$4,031
