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1508 Madison Ave

Memphis, TN 38104 - Shelby County

Apartment

1 beds

1 baths

About 1508 Madison Ave

Welcome to Cherokee Arms Apartments in Midtown. These cozy 1 bedroom, 1 bathroom studio units are conveniently located in the heart of city, nestled between Minglewoods iconic music scene and downtown Memphis. Each unit includes kitchen appliances, high ceilings, walk-in closets and gorgeous bathrooms. Enjoy on-site amenities like bike storage, laundry service and sun rooms on each floor. Join this charming community today and schedule your tour with one of our agents. This rare opportunity won't last longcheck out the new limited time offer below: Cats/Small Dogs are negotiable with a $250 non-refundable pet deposit and a $25 monthly pet fee (per pet). Incentive: Free Full Month's Rent. Net rent amount of $728.75 reflects contract rent price of $795 minus one free month of rent incentive prorated over the life of the lease. SE habla espanol. All Renshaw Company residents are enrolled in the Resident Benefits Package (rbp) for $35/month which includes liability insurance, credit building to help boost the residents credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), our best-in-class resident rewards program and much more. More details upon application.

RentalSource last checked: July 17, 2025 at 4:52 PM ET

Last updated: May 13, 2025 at 1:54 PM ET

Listed by: Renshaw Company Realtors, (731) 325-3267

Property Summary

Property Type:	Apartment
Rental Fee:	$795
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	Inquire
Pet Friendly:	Inquire
Listing Status:	Active
ID:	81428778

Property Amenities

• Walk-in Closets

Community Features

• Bike Paths

• Laundry Facilities

• Storage

Leasing Information

Deposit: $795. Photos are an example of similar units within the building, actual unit may vary. Availability and pricing can change daily and vary by lease term. Please contact us to schedule a showing.

Additional Details

Apartment for rent in Memphis for $795 with 1 bed, 1 bath and located at 1508 Madison Ave in Memphis, TN 38104. The rental price of $795 is 16.9% ($162) lower than the average rent of $957 for a 1 bedroom apartment in Memphis, TN and 28.2% ($312) lower than the average rent of $1,107 for a 1 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. 1508 Madison Ave was advertised on May 9, 2025 at 10:50 AM ET, last updated on May 13, 2025 at 1:54 PM ET and last checked today at 4:52 PM ET.

Affordability Calculator

Can I afford to live at 1508 Madison Ave?

Bedrooms

1 bedroom

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

$31,800 /year

With your chosen rent-to-income ratio, an annual income of $31,800 is recommended to comfortably afford this 1-bedroom rental priced at $795 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$795

Rent Affordability Calculator

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Property managed by:

Renshaw Company Realtors
(731) 325-3267

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