House for rent

Pet friendly

5+ Days Ago

1384 Melrose Cove #1
1384 Melrose Cove #1, Memphis, Tennessee 38106, United States

Monthly rent	$1,125
Beds	3
Baths	3
Sqft	2,117

Monthly rent	$1,125
Beds	3
Baths	3
Sqft	2,117

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 Cove #1, Memphis, Tennessee 38106, United States

Tour 1384 Melrose Cove #1

Contact

Foundation Property Management LLC

(844) 237-3767 ext. 2068

Property Overview

Located in a prime area, value per square foot ranks in the top percentile compared to other properties nearby. It enjoys convenient access to a grocery store just over three miles away and is pet-friendly, with multiple nearby services catering to pets. This combination makes it an appealing option for those considering both value and lifestyle conveniences.

Things you’ll love

More space

Great for

Pet owners

Amenities for 1384 Melrose Cove #1

Apartment Amenities

Central Heat	Heating
Mirrors	Window Coverings

Tech

Climate Control

Building

Cats OK

Dogs 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

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?

About 1384 Melrose Cove #1

Home

Houses in Memphis

1384 Melrose Cove #1, Memphis, Tennessee 38106, United States

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

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

Positives

More space: The 3-bedroom is 1017 sqft larger than other listings nearby

Considerations

Lacks images: Fewer than 10 photos available for this location

Address details

Zip code	38106
Type	House for rent

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Rent trends in Memphis

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

Median rents as of Dec 13 2025.

Memphis

A table of 3-bedroom apartment rental data trends in Memphis
Month	Median Rent
December 2023	$1,375
January 2024	$1,355
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	$1,304

Affordability calculator

Can I afford to live at 1384 Melrose Cove #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.

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