Zumper
modified
22 Hours Ago

Highlights

  • Pet Friendly
  • Gated parking
  • On-site laundry facilities
  • Large closets, generous storage
  • Rooftop deck, shade, grill

Location

1529 Madison Ave, Memphis, TN 38104, USA|Monroe Avenue Residents Coalition
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Contact

Management

Midtown Investment Team

Leasing office

(808) 292-0015

Property Overview

Bank Flats Apartments offers a strong mix of value, convenience, and amenities, with a high Zumper rating, excellent price-to-value, and standout features like gated parking, on-site laundry, large closets, generous storage, and a rooftop deck with shade and a grill. It also stands out for its location and nearby access to pet services, dining, mixed-use spaces, and on-site gathering areas, making it appealing for renters seeking comfort and an active neighborhood setting.

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

8.2
Very Good
With a solid 8.2 out of 10 overall, Bank Flats Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Bank Flats Apartments 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

  • Less expensive
  • Laundry available on site
  • Outdoor space

Great for

  • Social life
  • Pet owners

Floor plans

1/11 bed1 bath700 sqft$700 /mo

Let's explore this property.

Amenities for Bank Flats Apartments

Apartment Amenities

Air ConditioningCeiling Fan
Central HeatDryer
Hardwood FloorHeating
PatioWasher
Window Coverings

Appliances

In-Unit LaundryRange
Refrigerator

Tech

Climate Control

Building

Cats OKControlled Access
Dogs OKOnsite Laundry
Roof Deck

Services

On-Site Maintenance
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

Application Fee

Per-applicant.

Contact Property

REQUIRED FEES

Admin Fee

One-time.

$25

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Pet Fee

One-time fee per pet.

$0

Pet Deposit

One-time deposit per pet.

$0

Dog

Pet Terms

2 dogs max.

Pet Fee

One-time fee per pet.

Contact Property

Pet Deposit

One-time deposit per pet.

Contact Property

Pet Terms

Pet Fee

One-time fee per pet.

Contact Property

Pet Deposit

One-time deposit per pet.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units10
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About Bank Flats Apartments

HomeApartments in MemphisMonroe Avenue Residents Coalition Bank Flats Apartments

Base Rent: $1,250/monthWater: $50/monthSecurity Deposit: $750 (refundable)Administrative Fee: $250 (non-refundable)* Central heat & air* Hardwood floors* High ceilings* Large closets and ample storage* Free on-site laundry* Gated secure parking* Rooftop deck with shade and grill* Walkable Midtown location near MingleWood Hall, dining, shopping, entertainment, and transitPet PolicyCats only$150 non-refundable pet fee$25/month pet rent**Estimated Monthly Cost (before pets and utilities other than water):*** Rent + Water = **$1,300/month****Move-In Costs*** Security Deposit: **$750*** Administrative Fee: **$250*** Total Upfront (excluding first month's rent and pet fees): **$1,000**


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.
8.2
/10
Very Good
With a solid 8.2 out of 10 overall, Bank Flats Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Bank Flats Apartments 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 Bank Flats Apartments
Price·8A 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.
Scoring a 8/10, Bank Flats Apartments is a great option for renters looking for apartments in Monroe Avenue Residents Coalition. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.
Bank Flats Apartments 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.
Bank Flats 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·6A 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 Bank Flats Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
Bank Flats 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.

Bank Flats Apartments is great for:

Social life

  • 132 restaurants within 1 mile of this property
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • Diverse age groups live in this area
  • 197 mixed-use spaces nearby

Pet owners

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

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 Bank Flats Apartments compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
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
Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Monroe Avenue Residents Coalition

1-bedroom apartments at Bank Flats Apartments cost about 7% less than the average rent price for 1-bedroom apartments in Monroe Avenue Residents Coalition.

Median rents as of Jun 27 2026.
Monroe Avenue Residents Coalition
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
July 2024$998
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
A table of 1-bedroom apartment rental data trends in Monroe Avenue Residents Coalition
MonthMedian 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

Affordability calculator

Can I afford to live at 1529 Madison 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

$28,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $28,000 annually to afford this 1-bedroom monthly rent price of $700.
For more information on rent affordability, visit our rent calculator.

Schools near Bank Flats Apartments

Bruce Elementary School

581 s bellevue blvd

memphis, TN, 38104

PK, K-5Public
C

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-
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Getting around Memphis near 1529 Madison Ave

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
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 1529 Madison Ave, Memphis

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

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

High schools

6/10
At least one high school within a 15-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

8/10
Wide variety of bars within a few minutes' walk

Explore the area around 1529 Madison Ave

Gordon Food Service Store
1460 Union Ave
Cash Savers
1620 Madison Ave
V H Foods
40 N Cleveland St
Kroger
1759 Union Ave
Kroger
1366 Poplar Ave

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