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Peabody Apartments scores highly across various factors, achieving a Zumper expert rating of 9.2 out of 10, indicating it is an excellent choice for renters. The property excels in price and amenities, boasting a competitive price rating of 10 and an impressive amenities rating of 9. Notable features include private balconies, spacious closets, and a prime location with convenient access to outdoor spaces, public transport, and dining, enhancing its appeal for social engagement and pet owners.
Things you’ll love
Middle school nearbyHigh school nearbyElementary school nearbyGreat for
Social life
Pet owners| 2BR/1.0BA | 2 bed | 1 bath | $895 /mo | 1 unit available | Welcome to Your New 2 Bedroom / 1 Bath Apartment in the Heart of Midtown Memphis, located at 1261 Peabody Ave. ***Call for our END OF SUMMER SPECIAL*** **HALF OFF OF YOUR FIRST MONTHS RENT AND WITH AN APPROVED APPLICATION UPON MOVE-IN YOUR APPLICATION FEE WILL BE CREDITED TO YOUR FIRST MONTH'S RENT** ***water and sewer are included in your rent*** This charming upstairs apartment is conveniently located near Central High School and Bellevue Middle School. With off-street parking, central heat/air, and security doors for added peace of mind, this newly painted unit with new flooring is the perfect cozy space to call home. Features of the Apartment: *Upstairs unit *Security Door *Plank flooring *Window Treatments *Central heat/air *Large picture window in living room *Kitchen with gas range, refrigerator, beautiful stone counters, updated counters *Updated paint colors *Large bedroom with spacious closets *Bathroom with shower and bathtub *Beautiful updated lighting Both bedrooms feature updated lighting and spacious closets Private balcony for enjoying the vibrant Midtown atmosphere Water and sewer included in rent Prime Location: This apartment is located near Baptist Hospital and the medical district, providing easy access to all the amenities Midtown Memphis has to offer. Central High School and Belvue Middle School are a short walk. Don't Miss Out! Call today for your private tour or visit Broadmoorprop. com to apply for this remaining apartment. Contact Information: Broadmoor Property Management Phone: 901-276-3607 Email: **** |
Let's explore this property.
Apartment Amenities
| Balcony | Central Heat |
| Large Closets | Newly Painted |
| Stone Counters | Upstairs Apartment |
| Walk-in Closet | Water & Sewer Included |
| Water and Sewer Included |
Appliances
| Gas Range | Range |
| Refrigerator |
Building
| Dogs OK | Security Door |
Grounds
| Off-Street Parking |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 12 |
|---|
Welcome to Your New 2 Bedroom / 1 Bath Apartment in the Heart of Midtown Memphis, located at 1261 Peabody Ave. ***Call for our END OF SUMMER SPECIAL*** **HALF OFF OF YOUR FIRST MONTHS RENT AND WITH AN APPROVED APPLICATION UPON MOVE-IN YOUR APPLICATION FEE WILL BE CREDITED TO YOUR FIRST MONTH'S RENT** ***water and sewer are included in your rent*** This charming upstairs apartment is conveniently located near Central High School and Bellevue Middle School. With off-street parking, central heat/air, and security doors for added peace of mind, this newly painted unit with new flooring is the perfect cozy space to call home. Features of the Apartment: *Upstairs unit *Security Door *Plank flooring *Window Treatments *Central heat/air *Large picture window in living room *Kitchen with gas range, refrigerator, beautiful stone counters, updated counters *Updated paint colors *Large bedroom with spacious closets *Bathroom with shower and bathtub *Beautiful updated lighting Both bedrooms feature updated lighting and spacious closets Private balcony for enjoying the vibrant Midtown atmosphere Water and sewer included in rent Prime Location: This apartment is located near Baptist Hospital and the medical district, providing easy access to all the amenities Midtown Memphis has to offer. Central High School and Belvue Middle School are a short walk. Don't Miss Out! Call today for your private tour or visit Broadmoorprop. com to apply for this remaining apartment. Contact Information: Broadmoor Property Management Phone: 901-276-3607 Email: ****
How Peabody Apartments compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at Peabody Apartments cost about 10% less than the average rent price for 2-bedroom apartments in Annesdale Park.
| Month | Median Rent |
|---|---|
| December 2023 | $893 |
| January 2024 | $899 |
| February 2024 | $899 |
| March 2024 | $908 |
| 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 |
| Month | Median Rent |
|---|---|
| February 2024 | $795 |
| March 2024 | $858 |
| April 2024 | $883 |
| May 2024 | $890 |
| June 2024 | $884 |
| July 2024 | $900 |
| August 2024 | $880 |
| September 2024 | $888 |
| October 2024 | $969 |
| November 2024 | $1,125 |
| December 2024 | $924 |
| January 2025 | $849 |
| February 2025 | $675 |
| March 2025 | $681 |
| April 2025 | $803 |
| May 2025 | $762 |
Can I afford to live at 1261 Peabody Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$35,800/yr
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Binghampton-Lester • 2540 Broad Avenue
1 Bed
N/A
University of Memphis • 274 South Highland Street
1 Bed
$999–$1,050
Rhodes Hollywood Springdale Partnership • 2059 North Cabana Circle
1–2 Beds
$659–$920
3888 Autumn Ridge Court
2–3 Beds
$1,015–$1,125
