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1261 Peabody Ave

Memphis, TN 38104 - Shelby County

Apartment

2 beds

1 baths

About 1261 Peabody Ave

Welcome to Peabody Apartments, presented by Broadmoor Property Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Refrigerator, Gas Range, Central Heat & Air, Off Street Parking, Gas Heat, New Flooring, Security Doors, New Appliances, Window Units, Newly Renovated, Mid-Town Living, Balcony, Security Door, Upstairs Apartment, Central Heat/Central Air, 38104, Water and Sewer Included, New counters, Newly Painted, Stone Counters, Window treatments remain, Mid-town living, Central Air, Central Heat, Near Medical District, Private Balcony, New Paint, Private Off Street Parking, Extended Parking Area, New Cabinets, Near Bellevue Middle School, New stone counters, Near Central High, Bathtub & Shower & Water & Sewer. Dogs Allowed.

RentalSource last checked: July 16, 2025 at 12:06 PM ET

Listed by: Broadmoor Property Management, (901) 276-3607

Property Summary

Property Type:	Apartment
Rental Fee:	$875 - $885
Bedrooms:	2 beds
Bathrooms:	1 baths

Size:	Inquire
Pet Friendly:	Yes
Listing Status:	Active
ID:	78558644

Property Amenities

• Air Conditioning

• Balcony/Patio

• Gas Range

• Pet Friendly

• Refrigerator

Unit Rates

Name	Beds	Baths	Sqft	Rent
2 Beds	2	1	-	$875 - $885
2 Beds	2	1	-	$885

Additional Details

Apartment for rent in Memphis for $875-$885 with 2 beds, 1 bath, pet friendly and located at 1261 Peabody Ave in Memphis, TN 38104. The averaged rental price of $880 is 17.4% ($186) lower than the average rent of $1,066 for a 2 bedroom apartment in Memphis, TN and 28.5% ($350) lower than the average rent of $1,230 for a 2 bedroom apartment in Shelby County. This apartment is in the Shelby County School District and the nearest schools are Bruce Elementary School, Bellevue Junior High School and Central High School. 1261 Peabody Ave was advertised by Broadmoor Property Management 6+ months ago and last updated today at 12:06 PM ET.

Affordability Calculator

Can I afford to live at 1261 Peabody Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$35,000 /year

With your chosen rent-to-income ratio, an annual income of $35,000 is recommended to comfortably afford this 2-bedroom rental priced at $875 per month.

For more information on rent affordability, visit our rent calculator.

Apartment for rent

$875 - $885

Rent Affordability Calculator

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Property managed by:

Broadmoor Property Management
(901) 276-3607

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.