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Updated 2 Days Ago

Highlights

  • Pet Friendly
  • Modern design
  • Downtown location
  • High-end appliances
  • Gated neighborhood
  • Meticulous attention to detail
  • Urban serenity

Location

706 Meditation Ln, Memphis, TN 38103, USA

Tour 706 Meditation Ln

Contact

ResiAmerica, Inc.

(800) 626-7079

Amenities for 706 Meditation Ln

Community

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
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

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About 706 Meditation Ln

HomeHouses in Memphis 706 Meditation Ln, Memphis, TN 38103, USA

NEW CONSTRUCTION detached single family home in an amazing downtown location - a blend of contemporary sophistication and timeless luxury set in the heart of the South End in a brand new boutique gated neighborhood of only 12 homes - Carolina Terrace. This brand-new 4 bed (3 large beds + office), 3.5 bath home showcases meticulous attention to detail, from the hardwood flooring to its sleek high-end appliances. Experience urban serenity in this prime downtown location, where every finish reflects superior quality and modern design. SPECIAL OFFER: 1 MONTH FREE for 13 month lease Lease purchase option available: Need flexibility? Lock in your home for only 3% down, applied to price at closing


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 706 Meditation Ln compares to other nearby properties.

Positives

More space
The 4-bedroom is 414 sqft larger than other listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away

Address details

Zip code38103
TypeHouse for rent

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Rent trends in Memphis

4-bedroom apartments at 706 Meditation Ln cost about 142% more than the average rent price for 4-bedroom apartments in Memphis.

Median rents as of Aug 8 2026.
Memphis
A table of 4-bedroom apartment rental data trends in Memphis
MonthMedian Rent
August 2024$1,695
September 2024$1,695
October 2024$1,713
November 2024$1,734
December 2024$1,745
January 2025$1,783
February 2025$1,742
March 2025$1,754
April 2025$1,750
May 2025$1,743
June 2025$1,703
July 2025$1,697
August 2025$1,695
September 2025$1,702
October 2025$1,659
November 2025$1,664
December 2025$1,650
January 2026$1,650
February 2026$1,610
March 2026$1,611
April 2026$1,650
May 2026$1,629
June 2026$1,621
July 2026$1,631
August 2026$1,650

Affordability calculator

Can I afford to live at 706 Meditation Ln?

Bedrooms

4+ 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

$159,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $159,800 annually to afford this 4-bedrooms monthly rent price of $3,995.
For more information on rent affordability, visit our rent calculator.

Schools near 706 Meditation Ln

Ida B. Wells Academy

995 s lauderdale st

memphis, TN, 38126

K-8Public
C-

Downtown Elementary School

10 n 4th st

memphis, TN, 38103

PK, K-5Public
C

Hamilton School

1478 wilson st

memphis, TN, 38106

PK, K-8Public
C-

Alcy Elementary

1750 e alcy rd

memphis, TN, 38114

PK, K-5Public
C-

Exceptional Children Special Placements

160 s hollywood

memphis, TN, 38112

PK, K-12Public
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Internet available near 706 Meditation Ln

Getting around Memphis near 706 Meditation Ln

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

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 706 Meditation Ln, Memphis

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

4/10
No elementary schools within a 30-minute walk

High schools

3/10
No high schools within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 706 Meditation Ln

Florida St LLC
837 Florida St
Memphis Cash & Carry
161 E Carolina Ave
South Point Grocery
136 Webster Ave
Lusters Sundry
470 E Georgia Ave
City Market Memphis
99 S 2nd St

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