Updated 21 Hours Ago
Highlights
Pet Friendly
- 24-hour maintenance
- Shared laundry
Location
1515 Madison Ave Unit 05, Memphis, TN 38104, USA|Monroe Avenue Residents Coalition
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Amenities for 1515 Madison Ave Unit 05, Monroe Avenue Residents Coalition
Building
| Business Center | Cats OK |
| Dogs OK | Onsite 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 terms | 12+ months |
|---|
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About 1515 Madison Ave Unit 05
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Apartments in MemphisMonroe Avenue Residents Coalition 1515 Madison Ave Unit 05, Memphis, TN 38104, USA
Apartments in MemphisMonroe Avenue Residents Coalition 1515 Madison Ave Unit 05, Memphis, TN 38104, USA
Sweet deal!
This listing is 12% below the median price for 1 bedroom apartments in Monroe Avenue Residents Coalition.
*** SECTION 8 WELCOME*** ***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 $685.95 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 April at (901) 430-4117.
Lease Terms
Regular Lease TermsAddress details
| Neighborhood | Monroe Avenue Residents Coalition |
|---|---|
| Zip code | 38104 |
| Type | Apartment for rent |
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Rent trends in Monroe Avenue Residents Coalition
1-bedroom apartments at 1515 Madison Ave Unit 05 cost about 12% less than the average rent price for 1-bedroom apartments in Monroe Avenue Residents Coalition.
Median rents as of Jul 25 2026.
Monroe Avenue Residents Coalition
Memphis
| Month | Median Rent |
|---|---|
| August 2024 | $1,028 |
| 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 | $896 |
| July 2026 | $887 |
| Month | Median Rent |
|---|---|
| August 2024 | $830 |
| 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 | $768 |
| July 2026 | $747 |
Affordability calculator
Can I afford to live at 1515 Madison Ave Unit 05?
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
$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
Neighborhood
Monroe Avenue Residents Coalition | Memphis, TN
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
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
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
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
6/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
7/10
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
A & J Leather Goods
Jones Wholesale
Larkin Jeans
Decorluxe Boutique
1519 Union Ave
Feathered Fetters Apparel
1519 Union Ave
Dunkin'
1540 Union Ave
7 Brew Coffee
1625 Union Ave
Tropical Smoothie Cafe
1708 Union Ave
Starbucks
1761 Union Ave
Scooter's Coffee
1698 Poplar Ave
Cru Lounge
1532 Madison Ave
Murphy's
1589 Madison Ave
Drus Place
1474 Madison Ave
Canvas
1737 Madison Ave
Presidential Lounge
1320 Madison Ave
The Gingers Bread & Co
1613 Union Ave
Murray's Cheese
1759 Union Ave
Pyramid Midtown Country Pies
1294 Madison Ave
Kroger Bakery
1366 Poplar Ave
Kel's Cookie Corner
1325 Autumn Ave
Belvedere Park
Recreation Ground
Williamson Park
Immaculate Conception School Playground
Garden
Oasis Minglewood
1555 Madison Ave
Murphy's
1589 Madison Ave
Dunkin'
1540 Union Ave
Subway
1558 Union Ave
Wingstop
1556 Union Ave
Madison Avenue / Willet Street
Madison
Madison Avenue / Willett Street
Madison
Madison Avenue / Avalon Street
Madison
Madison Avenue / McNeil Street
Madison
Madison Avenue / McNeil Street
Madison
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