5+ Days Ago
Location
261 Gracewood St, Memphis, TN 38112, USA|Binghampton-Lester
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Amenities for 261 Gracewood St, Binghampton-Lester
Services
| On-Site Management |
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
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About 261 Gracewood St
MOVE IN SPECIAL!! 1 Month Free on a 15-Month Lease: Free rent applies to the second full month. **To be eligible for this special offer move-in must occur within 14 days of approval. Your estimated total monthly payment is: $1,577.94 The total estimated monthly payment is comprised of the following: Mandatory Fees: Base Rent - $1,545.00 Smart Home Fee - $22.95 (smart front door lock and smart thermostat) Utility Management - $9.99 (services for managing utility accounts) Additionally, a one-time set-up fee of $30.00 is charged on your first month's bill. Optional Fees: Animal Fees - Approved animals incur a non-refundable pet fee of $250 per animal and a monthly pet rent of $30 per animal (subject to applicable law). Pet fees and pet rent do not apply to service or support animals. Please note that we have breed restrictions, including but not limited to Pit Bull Terriers, Doberman Pinschers, Rottweilers, Staffordshire Terriers, German Shepherds, Chows, Bull Mastiffs, Huskies, Alaskan Malamutes, Wolf Dog Hybrids, Great Danes, St. Bernards, Akitas, and Rhodesian Ridgebacks, as well as any mixed breeds containing these types. Other Fees: In addition to the total monthly payment, Tenant(s) are also responsible for additional costs including, but not limited to, utilities, optional services, conditional and other applicable charges. All fees are subject to change and will be outlined in the lease agreement. Tours: To ensure a secure process, please schedule tours and apply for our properties exclusively through the official Evergreen Live website. Property Description: Come view this beautiful 3 bedroom, 2 bathroom home located off of Summer Ave! More photos coming soon. Listing Disclosures: All leasing information is believed to be accurate; however, photos are representative only and may not reflect current appliances and/or features of the home. Square footage is estimated, and prices, specials and dates may change without notice and are not guaranteed until a lease agreement is executed. Application: An application fee of $50 per applicant for 18 and over is required, and the minimum lease term is one year (12 months). Completed applications are reviewed on a first-come, first-served basis, and the security deposit varies based upon TransUnion Resident Score credit criteria. You must have a verifiable source of income that is at least three times the monthly rent. After you submit your lease application, all adult applicants receive an invitation from our income verification service, Payscore, with a link to guide you through your income verification. All applicants must complete the process within 48 hours of receiving an invite or your application may be delayed or not approved. This home accepts Housing Choice Vouchers! Please ensure your Housing Voucher, RTA Packet, and Affordability Sheet (if applicable) is attached to your application as proof of income. Please be aware that rental fraud and rental scams are on the rise. Evergreen Live will never ask you to pay any amounts in cash, transfer money via wire, prepaid or digital gift cards, send MoneyGram, or request funds through Zelle or any non-Evergreen Live payment app, such as Venmo, PayPal, Apple Pay, or others
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 261 Gracewood St compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.3 mile away
- Elementary school nearby
- There is an elementary school 0.3 mile away
- High school nearby
- There is a high school 1 mile away
Address details
| Neighborhood | Binghampton-Lester |
|---|---|
| Zip code | 38112 |
| Type | House for rent |
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Rent trends in Binghampton-Lester
3-bedroom apartments at 261 Gracewood St cost about 6% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Jan 17 2026.
Binghampton-Lester
Memphis
| Month | Median 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 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,196 |
| March 2024 | $1,206 |
| April 2024 | $1,204 |
| May 2024 | $1,235 |
| June 2024 | $1,264 |
| July 2024 | $1,395 |
| August 2024 | $1,315 |
| September 2024 | $1,297 |
| October 2024 | $1,185 |
| November 2024 | $1,195 |
| December 2024 | $1,243 |
| January 2025 | $1,274 |
| February 2025 | $1,199 |
| March 2025 | $1,126 |
| April 2025 | $1,100 |
| May 2025 | $1,269 |
| June 2025 | $1,262 |
| July 2025 | $1,431 |
| August 2025 | $1,494 |
| September 2025 | $1,418 |
| October 2025 | $1,367 |
| November 2025 | $1,293 |
| December 2025 | $1,278 |
| January 2026 | $1,290 |
Affordability calculator
Can I afford to live at 261 Gracewood St?
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
$49,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,800 annually to afford this 3-bedrooms monthly rent price of $1,245.
For more information on rent affordability, visit our rent calculator.
Schools near 261 Gracewood St
Brewster Elementary School
2605 sam cooper blvd
memphis, TN, 38112
PK, K-5Public
C
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
Ida B. Wells Academy
995 s lauderdale st
memphis, TN, 38126
K-8Public
C-
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Internet available near 261 Gracewood St
Neighborhood
Binghampton-Lester | Memphis, TN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 261 Gracewood St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 261 Gracewood St, Memphis
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several 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 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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