Zumper
modified
5+ Days Ago

Highlights

  • Gated parking
  • On-site laundry facilities
  • Walk-in 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

The Bank Flats Apartments receives a strong Zumper expert rating of 8 out of 10, highlighting its excellent amenities and competitive pricing. Notable features include gated parking, on-site laundry, and a rooftop deck, enhancing the living experience. Located in a vibrant area with 129 restaurants nearby and good transit options, the property is particularly appealing for those who value a dynamic social life.

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

8.0
Very Good
With a solid 8 out of 10 overall, The Bank Flats Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Bank Flats 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

  • More space

Great for

  • Social life

Floor plans

1/11 bed1 bath750 sqft$1,000–$1,100 /mo

Let's explore this property.

Policies and fees

Applicants

Application Fee

One-time.

Contact Property

REQUIRED FEES

Admin Fee

One-time.

$25

Security Deposit

One-time. Refundable.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units10
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About The Bank Flats Apartments

HomeApartments in MemphisMonroe Avenue Residents Coalition The Bank Flats Apartments

This stylish Midtown building offers the perfect blend of urban living and everyday comfort, with central air and heat, hardwood floors, and high ceilings that create an open, spacious feel. Residents enjoy a rooftop deck with shade and a grill for entertaining, along with walk-in closets, generous storage, and convenient on-site laundry facilities. The property also offers gated parking for added peace of mind. Located in a highly walkable area just steps from Minglewood Hall, you’ll be surrounded by great dining, shopping, entertainment, and transit options — truly at the heart of the Midtown lifestyle.


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.
8.0
/10
Very Good
With a solid 8 out of 10 overall, The Bank Flats Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Bank Flats 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 The Bank Flats Apartments
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.
The Bank Flats Apartments 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·8A 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.
With multiple in-demand amenities, The Bank Flats Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The 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 The 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.
The 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.

The Bank Flats Apartments is great for:

Social life

  • Areas nearby are accessible by walking
  • 133 restaurants within 1 mile of this property
  • 215 mixed-use spaces nearby
  • The area has transit options

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 The Bank Flats Apartments compares to other nearby properties.

Positives

More space
The 1-bedroom is 165 sqft larger than other listings nearby

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 The Bank Flats Apartments cost about 31% more than the average rent price for 1-bedroom apartments in Monroe Avenue Residents Coalition.

Median rents as of Mar 14 2026.
Monroe Avenue Residents Coalition
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
March 2024$900
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
November 2025$978
December 2025$970
January 2026$943
February 2026$949
March 2026$927
A table of 1-bedroom apartment rental data trends in Monroe Avenue Residents Coalition
MonthMedian Rent
March 2024$885
April 2024$885
May 2024$885
June 2024$842
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

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

$40,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this 1-bedroom monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.

Schools near The 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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Internet available near The Bank Flats Apartments

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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