Updated 9 Hours Ago
Location
1508 Madison Ave, Memphis, TN 38104, USA
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Property Overview
Cherokee Arms earns a strong Zumper expert rating of 8.3, with standout marks for price, location, amenities, and trustworthiness. It offers excellent value, convenient access to nearby points of interest and transportation, and a solid range of amenities, making it a compelling choice for renters seeking a well-rounded property.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.
Great for
Social life
Floor plans
| Cherokee Arms - 105 | Studio | 1 bath | 332 sqft | $789 /mo | |||
| Cherokee Arms - 206 | Studio | 1 bath | 332 sqft | $789 /mo | |||
| Cherokee Arms - 104 | Studio | 1 bath | 332 sqft | $789 /mo |
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Policies and fees
Applicants
Application Fee
Per-applicant. Agent application fee.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 3 |
|---|
About Cherokee Arms
Cherokee Arms cost $789 per month. Located at 1508 Madison Ave, Memphis, TN 38104, USA, Cherokee Arms has studio bedroom units available. Based on the average rent price of studio in Memphis, renting an apartment at Cherokee Arms is 28% cheaper per month.Other apartment buildings in or around Memphis include but are not limited to: 427 N Graham St, 560 S Jefferson Pl, 516 516 - 522 Sharon Dr, Berclair Rd
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Cherokee Arms is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Cherokee Arms 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.
Cherokee Arms 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·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, Cherokee Arms 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.
Cherokee Arms 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 Cherokee Arms 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.
Cherokee Arms 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.
Reviews from the web
Showing 1 highest rated
Just know that the types of people they rent to include those who will blast their podcasts and music at full volume with all of the windows open for 6-8 hour stretches. And isn’t that exactly who you want to be next to at these rates?! It’s pretty though.
Kelsey Clarkson
Mar 29, 2022
We’re sharing just 1 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Cherokee Arms is great 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 Cherokee Arms compares to other nearby properties.
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.8 miles away
- Greater distance from high schools
- The nearest high school is farther than 0.6 miles away
- Lacks images
- Fewer than 5 photos available for this property
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Rent trends in Memphis
Studio apartments at Cherokee Arms cost about 28% less than the average rent price for studios in Memphis.
Median rents as of Oct 10 2026.
Memphis
| Month | Median Rent |
|---|---|
| October 2024 | $1,086 |
| November 2024 | $1,148 |
| December 2024 | $1,172 |
| January 2025 | $1,220 |
| February 2025 | $1,211 |
| March 2025 | $1,196 |
| April 2025 | $1,217 |
| May 2025 | $1,225 |
| June 2025 | $1,210 |
| July 2025 | $1,195 |
| August 2025 | $1,194 |
| September 2025 | $1,158 |
| October 2025 | $1,159 |
| November 2025 | $1,183 |
| December 2025 | $904 |
| January 2026 | $858 |
| February 2026 | $1,202 |
| March 2026 | $1,203 |
| April 2026 | $1,193 |
| May 2026 | $1,187 |
| June 2026 | $1,204 |
| July 2026 | $1,185 |
| August 2026 | $1,116 |
| September 2026 | $1,106 |
| October 2026 | $1,102 |
Affordability calculator
Can I afford to live at 1508 Madison Ave?
Bedrooms
StudioRent-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
$31,560/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,560 annually to afford this studio median monthly rent price of $789.
For more information on rent affordability, visit our rent calculator.
Schools near Cherokee Arms
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
Ida B. Wells Academy
995 s lauderdale st
memphis, TN, 38126
K-8Public
C-
Hamilton School
1478 wilson st
memphis, TN, 38106
PK, K-8Public
C-
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
Getting around Memphis near 1508 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 1508 Madison Ave, Memphis
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide 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
9/10
Wide variety of bars within a few minutes' walk
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