5+ Days Ago
Highlights
Pet Friendly
Location
1396 Ledger Rd, Memphis, TN 38106, USA|Hamilton Community Initiative
Tour 1396 Ledger Rd
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Property Overview
With proximity to top-rated educational institutions just short distances away, this location offers convenience for students of all ages. The property's extensive photo availability enhances visual appeal for prospective renters, while its strong value for money places it in the 90.7 percentile within the local market. Additionally, pet owners will appreciate the nearby pet supply store and the availability of outdoor spaces.
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
High school nearby- Middle school nearby
- Less expensive
Great for
Pet owners
Amenities for 1396 Ledger Rd, Hamilton Community Initiative
Apartment Amenities
| Carpet | Ceiling Fan |
| Off Street |
Appliances
| Dishwasher |
Building
| Cats OK | Dogs OK |
| Laundry Hookups | Onsite Laundry |
Grounds
| Fenced Yard | Outdoor Space |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 1396 Ledger Rd
ZERO ADMIN FEES! And our application is FREE! You'll need to have an approved application & all supporting documents on file before we can accept a deposit on a property, so we recommend you also go ahead and start our application process if you haven't already. Check out our website for app link & listings! Applications are processed the same day and an agent will be reaching out to you immediately upon approval.
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 1396 Ledger Rd compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.2 mile away
- Middle school nearby
- There is a middle school 0.2 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
Address details
| Neighborhood | Hamilton Community Initiative |
|---|---|
| Zip code | 38106 |
| Type | House for rent |
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Rent trends in Hamilton Community Initiative
3-bedroom apartments at 1396 Ledger Rd cost about 30% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Nov 22 2025.
Memphis
| Month | Median Rent |
|---|---|
| December 2023 | $1,366 |
| 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 | $1,313 |
Affordability calculator
Can I afford to live at 1396 Ledger Rd?
Bedrooms
3 bedroomsRent-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
$37,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $37,000 annually to afford this 3-bedrooms monthly rent price of $925.
For more information on rent affordability, visit our rent calculator.
Schools near 1396 Ledger Rd
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
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
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Internet available near 1396 Ledger Rd
Getting around Memphis near 1396 Ledger Rd
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
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 1396 Ledger Rd, Memphis
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
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