Updated 4 Days Ago
Location
553 Frayser Dr #1, Memphis, TN 38127, USA|Frayser
Tour 553 Frayser Dr #1
Contact
Memphis Passive LLC
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Amenities for 553 Frayser Dr #1, Frayser
Features
| Utilities Included |
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
About 553 Frayser Dr #1
Section 8, TBRA, and HUD-VASH Vouchers Accepted! Second Chance Accepted! Welcome to 553 Frayser Dr, Memphis, TN! This inviting rental home offers a comfortable living environment with a practical layout designed for everyday convenience. Enjoy welcoming living spaces and a relaxing atmosphere with room to make yourself at home. Located in the Frayser area of Memphis, this property offers convenient access to local shopping, schools, restaurants, transportation, and other daily essentials. Section 8, TBRA, and HUD-VASH Vouchers Accepted! Second Chance Accepted! Experience comfortable living at 553 Frayser Dr. This cozy and well-maintained home offers a practical layout designed for everyday living, making it a great option for anyone seeking a comfortable and functional space. Located on a quiet street in Memphis with convenient access to shopping, schools, restaurants, public transportation, and other daily essentials. Please note: No furniture, appliances, or utilities are included. Photos may include virtual staging. Second-chance applicants can apply here: https podio com webforms 28228194 2235189
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 553 Frayser Dr, Memphis, TN 38127, USA compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.5 miles away
Considerations
- Priced higher than average
- 3-bedrooms are $335 more than the median rent in this area
Address details
| Neighborhood | Frayser |
|---|---|
| Zip code | 38127 |
| Type | House for rent |
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Rent trends in Frayser
3-bedroom apartments at 553 Frayser Dr #1 cost about 34% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Oct 31 2026.
Frayser
Memphis
| Month | Median Rent |
|---|---|
| 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 |
| February 2026 | $1,295 |
| March 2026 | $1,299 |
| April 2026 | $1,342 |
| May 2026 | $1,368 |
| June 2026 | $1,374 |
| July 2026 | $1,362 |
| August 2026 | $1,350 |
| September 2026 | $1,350 |
| October 2026 | $1,350 |
| Month | Median Rent |
|---|---|
| November 2024 | $958 |
| December 2024 | $956 |
| January 2025 | $958 |
| February 2025 | $1,002 |
| March 2025 | $1,011 |
| April 2025 | $990 |
| May 2025 | $994 |
| June 2025 | $995 |
| July 2025 | $995 |
| August 2025 | $1,000 |
| September 2025 | $1,029 |
| October 2025 | $1,017 |
| November 2025 | $981 |
| December 2025 | $957 |
| January 2026 | $992 |
| February 2026 | $995 |
| March 2026 | $998 |
| April 2026 | $1,117 |
| May 2026 | $1,028 |
| June 2026 | $1,065 |
| July 2026 | $1,132 |
| August 2026 | $1,016 |
| September 2026 | $1,039 |
| October 2026 | $1,048 |
Affordability calculator
Can I afford to live at 553 Frayser Dr #1?
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
$55,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 3-bedrooms monthly rent price of $1,395.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| This month | $1,395 | 3 bed | 2 bath |
Schools near 553 Frayser Dr #1
Westside Elementary School
3347 dawn dr
memphis, TN, 38127
PK, K-5Public
C-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Ida B. Wells Academy
995 s lauderdale st
memphis, TN, 38126
K-8Public
C-
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
Salome Elementary School
38128 saguaro & main
salome, AZ, 85348
PK, K-8Public
C-
Getting around Memphis near 553 Frayser Dr #1
Walking
2/10
You’ll need another mode of transportation for getting around. Scooter, anyone?
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
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 553 Frayser Dr #1, Memphis
Groceries
5/10
Variety of groceries within a short drive
Shopping
2/10
Few or no shops within a short drive
Cafes
1/10
Few or no cafés within a short drive
Restaurants
4/10
Some restaurants within a short drive
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
2/10
Few or no bars within a short drive
Explore the area around 553 Frayser Dr #1
Gordins Food & Butcher Shop
3226 Thomas St
Thomas Food Mart
2864 Thomas St
2 Star Grocery
1123 Dellwood Ave
Malcolm X Food Mart
1473 Corning Ave
Superlo Foods
3327 N Watkins St
Citi Trends
3194 Thomas St
Membry's Custom Design
1471 Alta Vista Ave
Chickasaw
3799 Felts Station Rd
Satin Lace Boutique
4040 N Watkins St
Inborn Style Boutique LLC
38 S Arcadian Cir
Coffee Tea Etc Change Your
863 N 7th St
Starbucks
262 Danny Thomas Pl
Qahwa Coffee Bar
109 N Main St
French Truck Coffee
1350 Concourse Ave
Guava Inc
1890 Berryhill Rd
C C Blues Club
1427 Thomas St
Bam Boo Lounge
1331 Thomas St
wahlburgers
1 Bass Pro Dr
Ferraro's Pizzeria & Pub
111 Jackson Ave
Memphis Sounds Lounge
280 Island Dr
Lallemand Baking Solutions
251 Stiles Dr
Big Daddy Meat Market
3386 N Watkins St
Groovy Gratitude
605 N 2nd St
Memphis Best Meat
2653 James Rd
Cakes By Chell
1353 Jackson Ave
Kline Park
Westside Park
George Alberson Park
Forest
Forest
Taco Bell
3233 Thomas St
McDonald's
3149 Thomas St
Church's Texas Chicken
3077 Thomas St
Hunt Brothers Pizza
3240 Thomas St
Subway
3168 Thomas St
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Other units at this address
553 Frayser Dr, Memphis, TN
553 Frayser Dr Memphis, TN
Available - Jan 1, 2027
3 Beds, 2 Baths
3 Beds
2 Baths
$1,395
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