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Updated 24 minutes ago

1508 Madison Ave Unit Cherokee


Memphis, TN

Studio
•
1 Bath

500 Sq. Ft.

Available starting Jul. 12th
Floor plans
Studio • 1 Bath
$925
500 ft2
1 Available
Managed By: avail
$925 - Studio In Memphis With Great Amenities
$925
Available Jul 12th, 2026
View
1 Bed • 1 Bath
$830
Size: N/A
0 Available
Managed By: Renshaw Property Management
1508 Madison # 110
$830
Rented
View
1 Bed • 1 Bath
$860
550 ft2
0 Available
Managed By: avail
**Historic 1/1 in the heart of Midtown**
$860
Rented
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Where you'll live
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1508 Madison Ave Unit Cherokee
1508 Madison Ave Unit Cherokee
1508 Madison Ave Unit Cherokee
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Lease & Fees
Security Deposit: $500.00
Property details
Description

**Cherokee Arms**
https://www.midtowninvestmentteam.com/locations/cherokee-arms
Historic Memphis living with beautifully preserved character and thoughtfully updated interiors. Features include hardwood floors, high ceilings, walk-in closets, controlled access, community-wide Wi-Fi, private parking, bike storage, on-site laundry, inviting sunrooms and social spaces, and a highly walkable Midtown location near dining, shopping, and entertainment. Select apartments include private balconies or patios. Pet friendly.
**Monthly Costs**
* Base Rent: $925
* Water & High-Speed Internet: $75
* **Total Monthly Cost: $1,000**
**Move-In Costs**
* Security Deposit (Refundable): $500
* Administrative Fee (Non-Refundable): $250
**Pet Policy**
* Cats & Small Dogs Welcome
* $150 Non-Refundable Pet Fee
* $30/month Pet Rent
For more information, contact Midtown Investment Team:
**Call or Text: 901-250-2291**

Additional Details
Total Unit Count: 1
Last Updated: Updated 24 minutes ago
Contact Number: (901) 250-2291
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
ViaSat, Inc. 100.0 3.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
AT&T Inc. 6.0 0.512
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 1508 Madison Ave Unit Cherokee by bedroom type below.
Studio
Suggested income:
$33,300
per year
Rent report

1508 Madison Ave Unit Cherokee Rent vs. Memphis Average

 1508 Madison Ave Unit Cherokee      Memphis Average
Studio
$925
$1,102
$0
$400
$800
$1,200
$1,600

1508 Madison Ave Unit Cherokee is asking 16% less than the average studio apartment in Memphis.

If you upsized to an average priced Memphis 1 bedroom apartment, you would pay 0% more per month.

1508 Madison Ave Unit Cherokee provides 13% more square footage than the average Memphis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
1508 Madison Ave Unit Cherokee
Studio $925 $1.90 $2,775
Memphis Average
Studio $1,102 $2.50 $3,307
1BR $1,103 $1.50 $3,310
2BR $1,193 $1.20 $3,579
3BR $1,367 $1.00 $4,101
4BR $1,603 $1.00 $4,810

Availability in Memphis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,293 2BR units on the market in Memphis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 30% 43% 19% 5%
Available Units in Memphis
Studio 105
1BR 912
2BR 1,293
3BR 570
4BR 149
Location
Nearby Colleges

Southwest Tennessee Community College

University of Memphis

Nearby Hospitals
Name Distance
Encompass Health Rehabilitation Hospital Of Memphis 0.47 mi.
Methodist Healthcare Memphis Hospital 0.5 mi.
Memphis Veterans Affairs Medical Center 0.93 mi.
Nearby Fire Stations
Name Distance
Shelby Volunteer Fire Department 1.9 mi.
Memphis Division Of Fire Services 2.51 mi.
Rural/ Metro Fire Department Fed Ex Operation 5.6 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on July 12, 2026.
What's the square footage of the available units?
It's 500 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
1508 Madison Ave Unit Cherokee has a studio unit starting at $925.
Where is this property located?
This property is at 1508 Madison Ave Unit Cherokee in Memphis, TN. It's 2.2 miles west from the center of Memphis.
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