5+ Days Ago
Highlights
Pet Friendly
Location
Memphis, TN 38104, USA|Central Gardens
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Property Overview
Madison Place Apartments offers strong overall value, with an expert rating of 8.5/10 driven by an exceptional 10/10 price score, premier 8/10 amenities, and a highly convenient 9/10 location near abundant dining, culture, and mixed-use spaces. With solid quality and trustworthiness ratings (both 7/10) and a setting that supports a vibrant social life through numerous nearby museums, restaurants, and community spaces, it stands out as an appealing option for many renters.
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
| 1BR 1B | 1 bed | 1 bath | $895 /mo | 1 unit available | The best of midtown living! Call Raven 901-530-2055 today |
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Amenities for Madison Place Apartments
Building
| Cats OK | Dogs OK |
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
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 16 |
|---|
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About Madison Place Apartments
The best of midtown living! Call Raven 901-530-2055 today
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.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, Madison Place Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Madison Place Apartments 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.
Madison Place 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·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, Madison Place Apartments 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.
Madison Place 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Madison Place Apartments to provide reasonable accomodations and accurate details about its community.
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.
Madison Place Apartments 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.
Madison Place 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 Madison Place Apartments compares to other nearby properties.
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Central Gardens
1-bedroom apartments at Madison Place Apartments cost about 36% less than the average rent price for 1-bedroom apartments in Central Gardens.
Median rents as of Apr 25 2026.
Central Gardens
Memphis
| Month | Median Rent |
|---|---|
| May 2024 | $769 |
| June 2024 | $765 |
| July 2024 | $885 |
| August 2024 | $1,110 |
| September 2024 | $1,155 |
| October 2024 | $1,160 |
| 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 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,460 |
| December 2024 | $1,384 |
| January 2025 | $1,436 |
| February 2025 | $1,392 |
| March 2025 | $1,215 |
| April 2025 | $1,438 |
| May 2025 | $1,378 |
| June 2025 | $1,321 |
| July 2025 | $1,429 |
| August 2025 | $1,340 |
| September 2025 | $1,335 |
| October 2025 | $1,346 |
| November 2025 | $1,396 |
| December 2025 | $1,398 |
| January 2026 | $1,409 |
| February 2026 | $1,455 |
| March 2026 | $1,367 |
| April 2026 | $1,296 |
Affordability calculator
Can I afford to live at Memphis?
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 Madison Place Apartments
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-
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
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Internet available near Madison Place Apartments
Neighborhood
Central Gardens | Memphis, TN
Getting around TN 38104 near Memphis
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
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 Memphis, TN 38104
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
6/10
At least one high school within a 15-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within a few minutes’ walk
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