Zumper

OFFER:

$800 OFF Rent Special

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Updated 1 Day Ago

Highlights

  • Rent Special

Location

4045 Summer Ave, Memphis, TN 38122, USA
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Tour Grahamwood Place

Contact

Management

Multi-South Management

Leasing office

(844) 311-3497 ext. 5864

Open 

8:30 am–5:00 pm CT

Property Overview

Grahamwood Place earns a strong overall rating with standout marks for price, location, amenities, and trustworthiness. It offers on-site laundry facilities and 24-hour emergency maintenance, and its value per square foot compares favorably within the area, with convenient access to a top-rated elementary school nearby.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, Grahamwood Place is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Grahamwood Place has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Elementary school nearby

Floor plans

1 bedroom 1 bathroom1 bed1 bath750 sqft$699 /mo2 units available
2 bedroom 1.5 bathroom2 bed1.5 bath950 sqft$825 /mo30 units available
3 bedroom 2 bathroom3 bed2 bath1,150 sqft$1,049 /mo3 units available

Let's explore this property.

Policies and fees

Applicants

Application Fee

Per-applicant.

$25

REQUIRED FEES

Deposit

One-time. Refund Policy: 100%.

$500

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Units165

About Grahamwood Place

HomeApartments in Memphis Grahamwood Place

Welcome home to Grahamwood Place Apartments! Our spacious one, two, and three bedroom apartments provide the perfect place to relax and entertain. Each layout comes with wood-style flooring, stone countertops, and convenient linen closets. Select units also feature walk-in closets. Plus when you need outdoor time, unwind and relax on your patio or balcony. Past your apartment, take advantage of our great community amenities. Take a dip in our refreshing swimming pool, take your kids to our well-equipped playground, or socialize at our picnic areas with BBQ grills. For your convenience, we also offer on site laundry facilities and 24-hour emergency maintenance. Sound like the perfect place to call home? Call or contact a member of our friendly leasing staff today to find your dream apartment at Grahamwood Place Apartments.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Grahamwood Place is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Grahamwood Place has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Grahamwood Place
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Grahamwood Place offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Grahamwood Place is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Grahamwood Place is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Grahamwood Place does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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 Grahamwood Place compares to other nearby properties.

Positives

More space
The 2-bedroom is 100 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.1 miles away
More space
The 1-bedroom is 110 sqft larger than other listings nearby

Considerations

Distance from grocery stores
The nearest grocery store is 3.4 miles away
Distance from transit
More than 1.7 miles from public transportation
Greater distance from middle schools
The nearest middle school is farther than 1.2 miles away
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Memphis

1-bedroom apartments here are priced 22% lower than 1-bedrooms in Memphis.

If you decide to upgrade your space, you can expect 2-bedrooms at Grahamwood Place to be 15% less than the average for similarly sized apartments in Memphis.

3-bedroom apartments at Grahamwood Place cost about 22% less than the average rent price for 3-bedroom apartments in Memphis.

Median rents as of Oct 17 2026.
Memphis
A table of studio rental data trends in Memphis
MonthMedian Rent
November 2024$1,148
December 2024$1,172
January 2025$1,220
February 2025$1,211
March 2025$1,196
April 2025$1,217
May 2025$1,225
June 2025$1,210
July 2025$1,195
August 2025$1,194
September 2025$1,158
October 2025$1,159
November 2025$1,183
December 2025$904
January 2026$858
February 2026$1,202
March 2026$1,203
April 2026$1,193
May 2026$1,187
June 2026$1,204
July 2026$1,185
August 2026$1,116
September 2026$1,106
October 2026$1,101

Affordability calculator

Can I afford to live at 4045 Summer Ave?

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

$27,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $27,960 annually to afford this 1-bedroom monthly rent price of $699.
For more information on rent affordability, visit our rent calculator.

Schools near Grahamwood Place

Grahamwood Elementary School

3950 summer ave

memphis, TN, 38122

PK, K-5Public
B+

Avon School

310 avon rd

memphis, TN, 38117

K-12Public

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

Exceptional Children Special Placements

160 s hollywood

memphis, TN, 38112

PK, K-12Public
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Getting around Memphis near 4045 Summer Ave

Walking

4/10
Some shops and stores are within a few minutes.

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

3/10
There are a few mass transit options within the area.

Points of interest for 4045 Summer Ave, Memphis

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

2/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

2/10
At least one high school within a 30-minute walk

Parks

5/10
Moderate amount of park space nearby

Nightlife

2/10
Some bars within walking distance

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