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Location

1515 Madison Ave #02, Memphis, TN 38104, USA|Monroe Avenue Residents Coalition

Tour 1515 Madison Ave #02

Contact

Mid-South Home Rentals

(901) 499-2427

Amenities for 1515 Madison Ave #02, Monroe Avenue Residents Coalition

Building

Business CenterCarport

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

About 1515 Madison Ave #02

HomeApartments in MemphisMonroe Avenue Residents Coalition 1515 Madison Ave #02, Memphis, TN 38104, USA
sweet deal icon
Sweet deal!
This listing is 27% below the median price for 2 bedroom apartments in Monroe Avenue Residents Coalition.

*** SECTION 8 WELCOME*** ***PLEASE CALL (901) 430-4117 TO SCHEDULE A VIEWING*** Adorable 2 bedroom, 1 bathroom apartment located in Midtown. This charming 2-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! The Total Monthly Price of $835.95 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. Rental Criteria & Application Requirements Income: Verifiable net income of at least 3x the monthly rent. Credit: Minimum credit score of 525. Rental and credit history are reviewed. Background: Criminal background screening required. No felony convictions. Rental History: Positive rental history and good standing with current/previous housing providers required. Utilities: Applicants must qualify to place required utilities in their name. Application: Applicants must provide a valid ID, proof of income, required supporting documents, and the non-refundable application fee. Processing: Applications are processed in the order received. Allow 3–5 business days. Fair Housing: We comply with all applicable Fair Housing laws and apply consistent screening criteria to all applicants. IF HOME IS PET FRIENDLY- Pets: Approval required. $300 non-refundable pet deposit per pet. Breed restrictions may apply. Questions? Please contact our leasing team for assistance. To schedule a showing, please contact via text or call April at (901) 430-4117. Pet Details: 12 Month Lease, Pet Deposit $300 Per Pet (NON-REFUNDABLE). Restricted breeds include: Pit Bulls, Rottweilers, Chows, Dobermans and Wolf-Hybrid.


Address details

NeighborhoodMonroe Avenue Residents Coalition
Zip code38104
TypeApartment for rent

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Rent trends in Monroe Avenue Residents Coalition

2-bedroom apartments at 1515 Madison Ave #02 cost about 27% less than the average rent price for 2-bedroom apartments in Monroe Avenue Residents Coalition.

Median rents as of Oct 31 2026.
Monroe Avenue Residents Coalition
Memphis
A table of 2-bedroom apartment rental data trends in Memphis
MonthMedian Rent
November 2024$1,150
December 2024$1,146
January 2025$1,151
February 2025$1,111
March 2025$1,107
April 2025$1,106
May 2025$1,104
June 2025$1,095
July 2025$1,091
August 2025$1,096
September 2025$1,096
October 2025$1,073
November 2025$1,050
December 2025$1,026
January 2026$1,012
February 2026$1,014
March 2026$999
April 2026$991
May 2026$977
June 2026$984
July 2026$962
August 2026$965
September 2026$963
October 2026$962
A table of 2-bedroom apartment rental data trends in Monroe Avenue Residents Coalition
MonthMedian Rent
October 2025$1,663
November 2025$1,221

Affordability calculator

Can I afford to live at 1515 Madison Ave #02?

Bedrooms

2 bedrooms

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

$32,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $32,000 annually to afford this 2-bedrooms monthly rent price of $800.
For more information on rent affordability, visit our rent calculator.

Schools near 1515 Madison Ave #02

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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Getting around Memphis near 1515 Madison Ave #02

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 #02, Memphis

Groceries

9/10
Wide variety of groceries within a few minutes' walk

Shopping

8/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

7/10
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

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

9/10
Wide variety of bars within a few minutes' walk

Explore the area around 1515 Madison Ave #02

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
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Madison
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