19 Hours Ago
Highlights
- Private balcony
- Central heat/air
Location
1261 Peabody Ave, Memphis, TN 38104, USA|Annesdale Park
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Property Overview
Peabody Apartments offers strong overall value with an expert rating of 8.6/10, highlighted by excellent scores for amenities, location, quality, and trustworthiness, and a competitive price rating that reflects good value for what you get. Residents can enjoy private balconies and central heat/air, good walkability to a wide variety of mixed-use spaces and restaurants, and convenient access to pet services, making it appealing for both an active social lifestyle and pet owners.
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.
Things you’ll love
Middle school nearby- Elementary school nearby
- High school nearby
Great for
Pet owners
Social life
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $895 /mo | 1 unit available | Half Off Your First 2 Month's Rent! Welcome to Your New 2 Bedroom / 1 Bath Apartment in the Heart of Midtown Memphis! 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: Spacious kitchen with gas range and refrigerator Abundance of beautiful white cabinets and stone countertops Large picture window in the living room for natural 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. Special Offer: Half Off Your First Month's Application Information: Credit, rental history, and background checks are required Employment income must be 3x the monthly rent Don't Miss Out! Call today for your private tour or visit Broadmoorprop. com to apply. Contact Information: Broadmoor Property Management Phone: 901-276-3607 Email: **** |
Let's explore this property.
Amenities for Peabody Apartments
Apartment Amenities
| Central Heat | Mini-blinds |
| New Floors | Spacious Kitchen |
| Stone Counters | Upstairs Apartment |
| Water & Sewer Included | Water and Sewer Included |
Appliances
| Appliances Included | Gas Range |
| Range | Refrigerator |
Building
| Dogs OK | Security Door |
Grounds
| Off-Street Parking |
Other
| Central Heat/central Air |
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
Dog Policy
Allowed
Limit1
Cat Policy
Not allowed
Questions about this property’s policies and fees?
Building details
Property details
| Units | 12 |
|---|
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About Peabody Apartments
Half Off Your First 2 Month's Rent! Welcome to Your New 2 Bedroom / 1 Bath Apartment in the Heart of Midtown Memphis! 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: Spacious kitchen with gas range and refrigerator Abundance of beautiful white cabinets and stone countertops Large picture window in the living room for natural 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. Special Offer: Half Off Your First Month's Application Information: Credit, rental history, and background checks are required Employment income must be 3x the monthly rent Don't Miss Out! Call today for your private tour or visit Broadmoorprop. com to apply. 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.
9.2
/10
ExcellentPeabody Apartments is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
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.
Peabody Apartments 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·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 central heat/central air. 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:
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 the same as the average rent price for 2-bedroom apartments in Annesdale Park.
Median rents as of Apr 18 2026.
Annesdale Park
Memphis
| Month | Median Rent |
|---|---|
| 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 | $926 |
| April 2026 | $900 |
| Month | Median Rent |
|---|---|
| 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 |
| January 2026 | $725 |
| February 2026 | $695 |
Affordability calculator
Can I afford to live at 1261 Peabody Ave?
Bedrooms
2 bedroomsRent-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-
Hamilton School
1478 wilson st
memphis, TN, 38106
PK, K-8Public
C-
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
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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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