Bank Flats Apartments in Memphis, TN | ApartmentHomeLiving.com

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Bank Flats in Memphis, TN - Building Photo — Building Photo

Bank Flats in Memphis, TN - Building Photo - Building Photo — Building Photo

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Bank Flats

1517-1529 Madison Ave
Memphis, TN 38104
(901) 310-3565

1 Bedroom Bedrooms
$1,100-$1,150Pricing
750Square Feet

About Bank Flats

This stylish Midtown building offers the perfect blend of urban living and everyday comfort, with central air and heat, hardwood floors, and high ceilings that create an open, spacious feel. Residents enjoy a rooftop deck with shade and a grill for entertaining, along with walk-in closets, generous storage, and convenient on-site laundry facilities. The property also offers gated parking for added peace of mind. Located in a highly walkable area just steps from Minglewood Hall, you’ll be surrounded by great dining, shopping, entertainment, and transit options — truly at the heart of the Midtown lifestyle.

Bank Flats is located in the Midtown Memphis Neighborhood and 38104 Zip code of Memphis, TN.

Property Contact Info

Call Us: (901) 310-3565

Ask About Our Move-In Specials

Floorplan Pricing and Availability

Bank Flats offers 1 Bedroom apartments starting from $1,100 and having 750 sq ft. Here is the current pricing and availability:

1 Bedroom
1 Bed, 1 bath
From $1,100
1 Bed, 1 Bath, 750 sq ft
Available Now
Availability Details
Price Availability Date Unit Sq Ft
From $1,100 Available Now 1 Bed, 1 bath 750 sq ft
Model Amenities and Features
Features
Air Conditioning
Model Rent and Fees
Model Price Range
$1,100 - $1,150

Price	Availability Date	Unit	Sq Ft
From $1,100	Available Now	1 Bed, 1 bath	750 sq ft

Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Call us at: (901) 310-3565 to schedule a tour.

Property Information

19 Units
2 Stories
Built in 1902

Lease Terms

12 mo

Ask About Our Lease Terms

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Required Fees

One-Time Basics

Due at ApplicationDue at Application
Application Fee Per ApplicantiCharged Per Applicant.$50.00
Due at Move-InDue at Move-In
Security Deposit - RefundableiCharged Per Unit.$500.00
Administration FeeiCharged per unit.$250.00

Other Fees and Policies

Personal Add-Ons

Monthly Pet FeeiMax of 1. Charged Per Pet.$30.00/mo

Pet Fees

Pet Policies are Negotiable

Pet DepositiCharged Per Pet.$150.00

Parking Info and Fees

Surface LotiParking Available

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

Roof Top Deck with Grill

On-Site Services

24 Hour Access
Laundry Facilities

Outdoor Features

Grill
Gated
Deck

Interior Features

Air Conditioning

Living Area Features

Walk In Closets
High Ceilings
Hardwood Floors

Ask About Our Amenities

Frequently Asked Questions about Bank Flats

Where is Bank Flats located?

Bank Flats is located at 1517-1529 Madison Ave near the Midtown Memphis area of Memphis, TN

What is the current rent range at Bank Flats?

1 Bedrooms at Bank Flats is $1,100. Call today for more info!

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

Affordability Nice Value3.2
The Bank Flats Apartments are 3.3% cheaper than the average apartment in the Midtown Memphis area, and 5.6% cheaper than the average apartment city-wide.
Rent Comparison to the Midtown Memphis Neighborhood
Floorplan Lowest Price Here Neighborhood Avg Rent Nbhd Avg Rent Cost Difference %
1 Bedroom $1,100 $1,138 -$38 -3.3%
Rent Comparison to the city of Memphis
Floorplan Lowest Price Here City Average Rent Cost Difference %
1 Bedroom $1,100 $1,165 -$65 -5.6%
Methodology: On 03/27/2026, ApartmentHomeLiving.com compared current rents by floorplan to 314 other apartment communities in the immediate area around Bank Flats (Midtown Memphis), and 818 other apartment communities in Memphis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.
Rent Pricing Data as of 03/27/2026

Floorplan	Lowest Price Here	Neighborhood Avg Rent	Nbhd Avg Rent	Cost Difference	%
1 Bedroom	$1,100	$1,138	-$38	-3.3%

Floorplan	Lowest Price Here	City Average Rent	Cost Difference	%
1 Bedroom	$1,100	$1,165	-$65	-5.6%

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0

0 Renters Reviews

ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Bruce Elementary

Shelby County Schools

581 South Bellevue Boulevard

Public School - Grades PK-5 (0 Students)

In Attendance Zone2 minute drive / 0.9 miles away

School data provided by GreatSchools.

Points of Interest

Time and distance from Bank Flats.

Big Box and Retail

Kroger

1360 Poplar Ave

1 minute drive / 0.45 miles away

Autozone

385 N Cleveland St

1 minute drive / 0.66 miles away

Walgreens

987 Union Ave

3 minute drive / 1.07 miles away

Groceries

Cash Saver

1620 Madison Ave

1 minute drive / 0.17 miles away

Kroger

1360 Poplar Ave

1 minute drive / 0.45 miles away

The Fresh Market

2145 Union Ave

3 minute drive / 1.24 miles away

Military Bases

Memphis Defense Depot

7 minute drive / 3.46 miles away

Bank Flats has 3 parks within 6.5 miles, including Overton Park, Memphis Botanical Gardens, and Graceland.

Bank Flats has 5 shopping centers within 0.4 miles.

Rental Price Ranges in the Area

Bedroom	Average Rent	Cheapest Rent	Highest Rent
Memphis Studio Apartments	$1,060	$560	$7,990
Memphis 1 Bedroom Apartments	$1,165	$485	$2,850
Memphis 2 Bedroom Apartments	$1,310	$495	$4,900
Memphis 3 Bedroom Apartments	$1,764	$675	$6,009
Memphis 4 Bedroom Apartments	$1,474	$650	$6,565

Bank Flats Apartments

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Bank Flats

About Bank Flats

Property Contact Info

Floorplan Pricing and Availability

New! Interactive Property Map

1 Bedroom

1 Bed, 1 bath

From $1,100

Availability Details

Model Amenities and Features

Features

Model Rent and Fees

Model Price Range

Property Map

Property Map

Schedule a Tour

Property Information

Lease Terms

Fees and Policies

Required Fees

One-Time Basics

Other Fees and Policies

Personal Add-Ons

Pet Fees

Parking Info and Fees

Features and Amenities

Unique Amenities

On-Site Services

Outdoor Features

Interior Features

Living Area Features

Map

Map

Getting Around

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Frequently Asked Questions about Bank Flats

Where is Bank Flats located?

What is the current rent range at Bank Flats?

Are pets allowed?

Lifestyle Ratings

Affordability Nice Value3.2

Rent Comparison to the Midtown Memphis Neighborhood

Rent Comparison to the city of Memphis

Renters Reviews and Ratings

Nearby Schools

Points of Interest

Arts Museums and Landmarks

Big Box and Retail

Kroger

Autozone

Walgreens

Colleges and Universities

Groceries

Cash Saver

Kroger

The Fresh Market

Hospitals

Military Bases

Parks and Recreation

Shopping Centers

Transit Stations

Nearby Neighborhoods

Midtown Memphis

Midtown

Central Gardens

Rental Price Ranges in the Area

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