Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Shared laundry
  • 24-hour maintenance

Location

1515 Madison Ave Unit 05, Memphis, TN 38104, USA|Monroe Avenue Residents Coalition

Tour 1515 Madison Ave Unit 05

Contact

Christal Spencer

Mid-South Home Rentals

(901) 430-4117

Amenities for 1515 Madison Ave Unit 05, Monroe Avenue Residents Coalition

Building

Business CenterCats OK
Dogs OKOnsite Laundry

Services

Package Service
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

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12+ months
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About 1515 Madison Ave Unit 05

HomeApartments in MemphisMonroe Avenue Residents Coalition 1515 Madison Ave Unit 05, Memphis, TN 38104, USA
sweet deal icon
Sweet deal!
This listing is 13% below the median price for 1 bedroom apartments in Monroe Avenue Residents Coalition.

***HALF OFF FIRST MONTHS RENT*** ***PLEASE CALL (901) 430-4117 TO SCHEDULE A VIEWING*** Adorable 1 bedroom, 1 bathroom apartment located in Midtown. Kitchen* Gas Stove/Oven* Refrigerator* Vent a Hood* Shared Laundry* Security/Storm Doors* This charming 1-bedroom, one-bathroom duplex in the heart of Midtown offers both comfort and convenience. With a variety of local and fast-food restaurants just a short walk or drive away, you'll never be far from a great meal. Need a break from the hustle and bustle? Overton Park is nearby, offering a peaceful retreat, or you can visit the Memphis Brooks Museum of Art or the Memphis Zoo for a fun day out. Sports fans will love being just a 10-minute drive from the Liberty Bowl Stadium—never miss a Tigers game again! Plus, popular destinations like the Cooper-Young district, the Memphis Museum of Science & History, and The Children’s Museum are all just a short distance away. With easy access to the interstate, your commute or weekend adventures are a breeze. This apartment puts you in the perfect spot to explore all that Midtown Memphis has to offer! At Mid-South Home Rentals, we strive to provide a cost-effective and convenient living experience. That’s why we offer a Resident Benefits Package (RBP) designed to eliminate common headaches and provide essential services for our residents. The Total Monthly Price of $785.95 includes base rent plus the Resident Benefits Package at $35.95 per month. The RBP includes renters insurance, air filter delivery, utility setup assistance, credit-building services, and more. Enrollment in the Resident Benefits Package is required with the rental. Additional details will be provided upon application. This property is professionally managed by Mid-South Home Rentals. We offer a 24-hour maintenance line, including night, weekend, and holiday emergency service for major plumbing and HVAC issues. Qualifications: We are seeking applicants with a credit score of 525 or higher, with an emphasis on positive recent rental history and good standing with MLGW. Please allow 3 to 5 business days for application processing. To schedule a showing, please contact Christal at (901) 430-4117.


Lease Terms
Regular Lease Terms

Address details

NeighborhoodMonroe Avenue Residents Coalition
Zip code38104
TypeApartment for rent

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Rent trends in Monroe Avenue Residents Coalition

1-bedroom apartments at 1515 Madison Ave Unit 05 cost about 13% less than the average rent price for 1-bedroom apartments in Monroe Avenue Residents Coalition.

Median rents as of Jun 13 2026.
Monroe Avenue Residents Coalition
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
June 2024$973
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
May 2026$898
June 2026$897
A table of 1-bedroom apartment rental data trends in Monroe Avenue Residents Coalition
MonthMedian Rent
June 2024$885
July 2024$885
August 2024$834
September 2024$783
October 2024$747
November 2024$750
April 2025$815
May 2025$794
June 2025$930
July 2025$940
August 2025$778
September 2025$779
October 2025$798
November 2025$789
December 2025$808
January 2026$826
February 2026$889
March 2026$799
April 2026$796
May 2026$817
June 2026$774

Affordability calculator

Can I afford to live at 1515 Madison Ave Unit 05?

Bedrooms

1 bedroom

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

$26,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this 1-bedroom monthly rent price of $650.
For more information on rent affordability, visit our rent calculator.

Schools near 1515 Madison Ave Unit 05

Bruce Elementary School

581 s bellevue blvd

memphis, TN, 38104

PK, K-5Public
C

Exceptional Children Special Placements

160 s hollywood

memphis, TN, 38112

PK, K-12Public

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-

Alcy Elementary

1750 e alcy rd

memphis, TN, 38114

PK, K-5Public
C-
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Internet available near 1515 Madison Ave Unit 05

Getting around Memphis near 1515 Madison Ave Unit 05

Walking

8/10
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

5/10
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 1515 Madison Ave Unit 05, Memphis

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

6/10
At least one high school within a 15-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

8/10
Wide variety of bars within a few minutes' walk

Explore the area around 1515 Madison Ave Unit 05

Gordon Food Service Store
1460 Union Ave
Cash Savers
1620 Madison Ave
V H Foods
40 N Cleveland St
Kroger
1759 Union Ave
Kroger
1366 Poplar Ave

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