Gayoso House Apartments

125 S. Main St., Memphis, Tennessee 38103

The Apartments at Peabody Place featuring Gayoso House is located in the heart of downtown's historic block in Memphis, TN. This beautiful, historic property offers incredible architectural details such as exquisite moldings, stained glass, soaring ceilings, original ceramic tile floors, and bay windows.

With over 32 floor plans, each unit is unique. These fabulous features reflect the property's original historical character as the Gayoso Hotel, which operated from 1842 to 1948 as Memphis's premier hotel for dignitaries, public officials, and famous persons of financial wealth.

Gayoso House Apartments Details

  • 156 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Office Hours

Day Hours
Monday 8:30am-5:30pm
Tuesday 8:30am-5:30pm
Wednesday 8:30am-5:30pm
Thursday 8:30am-5:30pm
Friday 8:30am-5:30pm
Saturday 10:00am-2:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Memphis Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Memphis but actual income limits may differ for units at Gayoso House Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,900 $30,750 $34,600 $38,400 $41,500 $44,550 $47,650 $50,700
Low Income (60%) $32,280 $36,900 $41,520 $46,080 $49,800 $53,460 $57,180 $60,840

Nearby Low Income Apartment Communities

Madison Towers

383 Madison Ave
Memphis, Tennessee
Income Based
Studio-1 BR
Rent Assisted
62+

Independent Apartments

875 Linden Ave.
Memphis, Tennessee
Call For Rent
1-2 BR
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Uptown Square Apartments

252 North Lauderdale Street
Memphis, Tennessee
Call For Rent
Studio-3 BR

Robinhood Park Apartments

3717 Robin Park Circle
Memphis, Tennessee
Income Based
1-4 BR
Rent Assisted