Zumper
modified
5+ Days Ago

Highlights

  • Private balcony
  • Spacious closets
  • Prime location
  • Off-street parking
  • Central heat/air
  • Large picture window

Location

1261 Peabody Ave, Memphis, TN 38104, USA|Annesdale Park
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Contact

Management

Broadmoor Property Management

Leasing office

(901) 276-3607

Property Overview

Peabody Apartments is highly rated with an overall score of 8.6, showcasing excellent value with competitive pricing and outstanding amenities, reflected in its impressive ratings of 9 out of 10 for amenities, location, and quality. The property features desirable aspects like private balconies and spacious closets, while also being situated in a vibrant area with ample shopping, dining, and outdoor spaces, making it a great choice for those seeking an active social life and pet-friendly environment.

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

8.6
Very Good
With a solid 8.6 out of 10 overall, Peabody Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Peabody 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

  • Middle school nearby
  • Elementary school nearby
  • High school nearby

Great for

  • Pet owners
  • Social life

Floor plans

2BR/1.0BA2 bed1 bath$895–$900 /mo2 units availableWelcome 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: ****

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Amenities for Peabody Apartments

Apartment Amenities

BalconyBathtub/Shower
Central HeatLarge Closets
New CabinetsNew Flooring
Newly PaintedPrivate Balcony
Stone CountersUpstairs Apartment
Walk-in ClosetWater & Sewer Included
Water and Sewer Included

Appliances

Gas RangeRange
Refrigerator

Building

Dogs OKSecurity Door

Grounds

Off-Street Parking

Neighborhood

Private Off Street Parking
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

Dog Policy

Allowed
Limit1

Cat Policy

Not allowed

Questions about this property’s policies and fees?

Building details

Property details

Units12
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About Peabody Apartments

HomeApartments in MemphisAnnesdale Park Peabody Apartments

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: ****


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, Peabody Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Peabody 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 Peabody 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, Peabody Apartments is a great option for renters looking for apartments in Annesdale Park. 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·9A 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.
Peabody Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including dogs allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Peabody Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Peabody 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·9A 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.
Peabody Apartments has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A 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 level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Peabody Apartments is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 2 pet hospitals in the area
  • 2 pet supply stores near the property

Social life

  • Areas nearby are accessible by walking
  • Diverse age groups live in this area
  • 96 restaurants within 1 mile of this property
  • 160 mixed-use spaces nearby

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 Peabody Apartments compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.1 mile away
Elementary school nearby
There is an elementary school 0.1 mile away
High school nearby
There is a high school 0.1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Outdoor space
Easy access to the outdoors
Walk-in closet
More closet space on average

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Annesdale Park

2-bedroom apartments at Peabody Apartments cost about 5% less than the average rent price for 2-bedroom apartments in Annesdale Park.

Median rents as of Oct 18 2025.
Annesdale Park
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
November 2023$886
December 2023$886
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$970
A table of 1-bedroom apartment rental data trends in Annesdale Park
MonthMedian 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

Affordability calculator

Can I afford to live at 1261 Peabody Ave?

Bedrooms

2 bedrooms

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

$35,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this 2-bedrooms monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.

Schools near Peabody Apartments

Bruce Elementary School

581 s bellevue blvd

memphis, TN, 38104

PK, K-5Public
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-

Early Childhood Program Partnering Centers

330 jackson ave

memphis, TN, 38112

PK, KPublic

Avon School

310 avon rd

memphis, TN, 38117

K-12Public
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Internet available near Peabody Apartments

Getting around Memphis near 1261 Peabody Ave

Walking

6/10
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

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1261 Peabody Ave, Memphis

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

5/10
Limited amount of park space nearby

Nightlife

4/10
Some bars within walking distance

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