5+ Days Ago
Highlights
Pet Friendly
Location
1450 Peabody Ave, Memphis, TN 38104, USA|Central Gardens
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Property Overview
1450 Peabody Avenue features shared free laundry and has received a favorable Zumper Expert Rating, indicating a positive assessment of the property. The pros include various attractive aspects that contribute to its appeal, making it a noteworthy option for potential renters. Overall, the property presents a balanced mix of amenities and advantages that support its desirability in the market.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- Laundry available on site
Floor plans
| 1450 Peabody Avenue - 2 | 1 bed | 1 bath | 700 sqft | $895 /mo | Heart of Central Gardens/Midtown/Medical District. - Live in the heart of Central Gardens near Midtown and the Medical District. Lovely 1 bed 1 bath with hardwood floors, stove and fridge. Shared free laundry and parking. No income requirements Deposit $895 Rent $895 Pet Fee $300 Apply at https rmrmemphis managebuilding com Resident rental-application new |
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Amenities for 1450 Peabody Avenue
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
Application Fee
One-time. Agent application fee.
$35
REQUIRED FEES
Security Deposit
One-time.
Contact Property
OPTIONAL FEES
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Cat
Pet Rent
Monthly. 1 cat max.
Contact Property
Dog
Pet Rent
Monthly. 1 dog max.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 1450 Peabody Avenue
Heart of Central Gardens/Midtown/Medical District. - Live in the heart of Central Gardens near Midtown and the Medical District. Lovely 1 bed 1 bath with hardwood floors, stove and fridge. Shared free laundry and parking. No income requirements Deposit $895 Rent $895 Pet Fee $300 Apply at https rmrmemphis managebuilding com Resident rental-application new
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, 1450 Peabody Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1450 Peabody Avenue 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.
1450 Peabody Avenue 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.
1450 Peabody Avenue goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 1450 Peabody Avenue 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.
1450 Peabody Avenue 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 1450 Peabody Avenue 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.
1450 Peabody Avenue 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.
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 1450 Peabody Avenue compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.4 mile away
- Laundry available on site
- Washers and dryers are available in-building or in-unit
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Rent trends in Central Gardens
1-bedroom apartments at 1450 Peabody Avenue cost about 36% less than the average rent price for 1-bedroom apartments in Central Gardens.
Median rents as of Jan 31 2026.
Central Gardens
Memphis
| Month | Median Rent |
|---|---|
| February 2024 | $650 |
| March 2024 | $650 |
| April 2024 | $705 |
| 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 |
| 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 |
Affordability calculator
Can I afford to live at 1450 Peabody Ave?
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 1450 Peabody Avenue
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 1450 Peabody Avenue
Getting around Memphis near 1450 Peabody Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Points of interest for 1450 Peabody Ave, Memphis
Groceries
7/10
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
8/10
At least one elementary school within a 20-minute walk
High schools
8/10
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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