Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Central heat & air
  • Hard surface flooring throughout
  • Bright and spacious living area
  • Large backyard
  • Two car carport

Location

1384 Melrose Cv #1, Memphis, TN 38106, USA

Tour 1384 Melrose Cv #1

Contact

Foundation Property Management LLC

(844) 237-3767 ext. 2068

Property Overview

This property features central heating and air, hard surface flooring, a bright living area, a large backyard, and a convenient two-car carport. Its advantageous location includes a top-rated high school just 0.59 miles away and two nearby pet supply stores, emphasizing pet friendliness. Additionally, it ranks in the 98.04 percentile for value per square foot compared to other homes in the area, enhancing its overall appeal.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • More space
  • High school nearby

Great for

  • Pet owners

Amenities for 1384 Melrose Cv #1

Apartment Amenities

Central HeatHeating
MirrorsWindow Coverings

Tech

Climate Control

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 1384 Melrose Cv #1

HomeHouses in Memphis 1384 Melrose Cv #1, Memphis, TN 38106, USA

Discover this beautiful coming soon property proudly presented by FPM, where style meets comfort. Welcome to 1384 Melrose Cove, Memphis, TN 38106! Home Features: - 2 Car Carport - Hard surface flooring throughout - Bright and spacious living area - Fireplace - Modern kitchen with large shaker cabinets - Central Heat & Air - Large backyard 1384 Melrose Cove is conveniently close to Hamilton Pre K-8 Middle school. This property is also close to local restaurants, parks, retail establishments and major highways. Ready to make it yours? Visit our website now to schedule a tour or view more available properties! FPM Website: https foundationpm com rental-search


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1384 Melrose Cv #1 compares to other nearby properties.

Positives

More space
The 3-bedroom is 945 sqft larger than other listings nearby
High school nearby
There is a high school 1 mile away

Considerations

Lacks images
Fewer than 10 photos available for this location

Address details

Zip code38106
TypeHouse for rent

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Rent trends in Memphis

3-bedroom apartments at 1384 Melrose Cv #1 cost about 13% less than the average rent price for 3-bedroom apartments in Memphis.

Median rents as of Jan 24 2026.
Memphis
A table of 3-bedroom apartment rental data trends in Memphis
MonthMedian Rent
February 2024$1,350
March 2024$1,378
April 2024$1,397
May 2024$1,398
June 2024$1,397
July 2024$1,399
August 2024$1,398
September 2024$1,407
October 2024$1,396
November 2024$1,395
December 2024$1,395
January 2025$1,395
February 2025$1,395
March 2025$1,408
April 2025$1,415
May 2025$1,436
June 2025$1,443
July 2025$1,424
August 2025$1,399
September 2025$1,367
October 2025$1,338
November 2025$1,314
December 2025$1,301
January 2026$1,295

Affordability calculator

Can I afford to live at 1384 Melrose Cv #1?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$45,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $45,000 annually to afford this 3-bedrooms monthly rent price of $1,125.
For more information on rent affordability, visit our rent calculator.

Schools near 1384 Melrose Cv #1

Ida B. Wells Academy

995 s lauderdale st

memphis, TN, 38126

K-8Public
C-

University of Memphis - University Campus School

535 zach curlin

memphis, TN, 38152

K-5Public
A-

Shrine School

4259 forest view dr

memphis, TN, 38118

PK, K-12Public

Early Childhood Program Partnering Centers

330 jackson ave

memphis, TN, 38112

PK, KPublic

Avon School

310 avon rd

memphis, TN, 38117

K-12Public
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Internet available near 1384 Melrose Cv #1

Getting around Memphis near 1384 Melrose Cv #1

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1384 Melrose Cv #1, Memphis

Groceries

6/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

2/10
Few or no bars within walking distance

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