2 Days Ago
Location
2051 Peabody Ave, Memphis, TN 38104, USA|East Midtown
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Property Overview
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Middle school nearby
Floor plans
| 1 BR, 1 BA | 1 bed | 1 bath | 595 sqft | $895 /mo | 1 unit available | This 1 bedroom, 1 bathroom duplex features window units for A/C, floor furnace heat, fridge, stove, stack W/D, and hardwood floors. |
Let's explore this property.
Amenities for 2051 Peabody Ave
Apartment Amenities
| Air Conditioning |
Appliances
| Fridge | In-Unit Laundry |
| Range | Refrigerator |
| Stack Washer/Dryer | Stove |
| Window Unit AC |
Other
| Lessee To Have Apartment Level Utilities In Their Name | One Window A/C Unit |
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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 2 |
|---|
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About 2051 Peabody Ave
Welcome to your new home at 2053 Peabody Ave, Memphis, TN 38104! This cozy 1-bedroom, 1-bathroom apartment is perfect for those seeking comfort and convenience. The unit comes equipped with a stove, stack washer and dryer, window AC, central heat, and a fridge, ensuring you have all the essentials for a comfortable living experience. Located in the heart of Midtown Memphis, you'll be just minutes away from some of the city's best attractions and dining options. Enjoy a delicious meal at Huey's Midtown, known for its world-famous burgers and live music1. Explore the rich history and stunning architecture of The Peabody Memphis, a historic hotel just a short drive away. For art enthusiasts, the Memphis Brooks Museum of Art offers a diverse collection of exhibits and is only a few minutes from your doorstep. To apply, there is a $40 application fee. Prospective tenants must make three times the rental amount, have no recent evictions or bankruptcies, and pass a background and credit check. For more information or to schedule a viewing, please contact our office at 901-725-7766. Don't miss out on this opportunity to live in a vibrant and welcoming community. We look forward to welcoming you to your new home!
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 2051 Peabody Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 2051 Peabody Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
2051 Peabody Ave offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
2051 Peabody Ave 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—in-unit laundry—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.
2051 Peabody Ave 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 2051 Peabody Ave 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.
2051 Peabody Ave 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.
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 2051 Peabody Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in East Midtown
1-bedroom apartments at 2051 Peabody Ave cost about 19% less than the average rent price for 1-bedroom apartments in East Midtown.
Median rents as of Mar 14 2026.
East Midtown
Memphis
| Month | Median 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 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,135 |
| 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 |
| November 2025 | $1,225 |
| December 2025 | $1,230 |
| January 2026 | $1,183 |
| February 2026 | $1,151 |
| March 2026 | $1,100 |
Affordability calculator
Can I afford to live at 2051 Peabody Ave?
Bedrooms
1 bedroomRent-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
$35,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this 1-bedroom monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.
Schools near 2051 Peabody Ave
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-
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
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Internet available near 2051 Peabody Ave
Getting around Memphis near 2051 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 2051 Peabody Ave, Memphis
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within a few minutes’ walk
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