12 Hours Ago
Highlights
Pet Friendly
- Modern design
- Meticulous attention to detail
- Sleek high-end appliances
- Urban serenity
- Prime downtown location
Location
718 Meditation Ln, Memphis, TN 38103, USA
Tour 718 Meditation Ln
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Amenities for 718 Meditation Ln
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
Dog policy
| Allowed | Â |
|---|---|
| Limit | 1 |
Cat policy
| Allowed | Â |
|---|---|
| Limit | 1 |
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About 718 Meditation Ln
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.
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 718 Meditation Ln compares to other nearby properties.
Positives
- Less expensive
- The 4-bedrooms are cheaper than other similar listings nearby
- More space
- The 4-bedroom is 75 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Zip code | 38103 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
4-bedroom apartments at 718 Meditation Ln cost about 106% more than the average rent price for 4-bedroom apartments in Memphis.
Median rents as of Sep 27 2025.
Memphis
| Month | Median Rent |
|---|---|
| October 2023 | $1,648 |
| November 2023 | $1,677 |
| December 2023 | $1,696 |
| January 2024 | $1,652 |
| February 2024 | $1,650 |
| March 2024 | $1,717 |
| April 2024 | $1,735 |
| May 2024 | $1,696 |
| June 2024 | $1,687 |
| July 2024 | $1,688 |
| 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 | $1,703 |
Affordability calculator
Can I afford to live at 718 Meditation Ln?
Bedrooms
4+ 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
$139,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $139,800 annually to afford this 4-bedrooms monthly rent price of $3,495.
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.| 3 months ago | $3,995 |
| 1 year ago | $3,780 |
Schools near 718 Meditation Ln
Downtown Elementary School
10 n 4th st
memphis, TN, 38103
PK, K-5Public
C
Ida B. Wells Academy
995 s lauderdale st
memphis, TN, 38126
K-8Public
C-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
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Internet available near 718 Meditation Ln
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 718 Meditation Ln
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
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 718 Meditation Ln, Memphis
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 30-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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