1 Hour Ago
Location
3338 Summer Place Ln, Memphis, TN 38115, USA
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Multi-South Management
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Property Overview
Emerald Park-New receives a strong Zumper expert rating of 8.3 out of 10, indicating it is an excellent choice for renters. The property excels in pricing with a perfect score of 10, and an impressive amenities rating of 8, alongside a prime location rating of 9, all contributing to a desirable living experience. Additionally, it ranks in the top percentiles for both value for money and value per square foot, signifying its competitive status in the local market.
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.
Things you’ll love
More space- Less expensive
Floor plans
| 1 bedroom 1 bathroom | 1 bed | 1 bath | 713+ sqft | $699 /mo | 41 units available | ||
| 2 bedroom 1.5 bathroom | 2 bed | 1.5 bath | 974+ sqft | $948 /mo | 14 units available | ||
| 2 bedroom 1 bathroom | 2 bed | 1 bath | 974+ sqft | $974 /mo | 10 units available | ||
| 2 bedroom 1.5 bathroom | 2 bed | 1.5 bath | 1,134 sqft | $998 /mo | 4 units available | ||
| 3 bedroom 2.5 bathroom | 3 bed | 2.5 bath | 1,535 sqft | $1,095 /mo | 11 units available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Deposit
One-time. Refundable: 100%.
$500
Questions about this property’s policies and fees?
Building details
Property details
| Units | 157 |
|---|
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About Emerald Park-New
Emerald Park-New cost $699–$1,095 per month. Located at 3338 Summer Place Ln, Memphis, TN 38115, USA, Emerald Park-New has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Memphis, renting an apartment at Emerald Park-New is 15% cheaper per month.Other apartment buildings in or around Memphis include but are not limited to: 1835 Union Ave, 1867 Poplar Pines Dr, 775 Melrose St, Berclair Rd
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Emerald Park-New is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Emerald Park-New has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
Emerald Park-New 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, Emerald Park-New 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.
Emerald Park-New 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 Emerald Park-New does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Emerald Park-New provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Emerald Park-New compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 296 sqft larger than other listings nearby
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
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Rent trends in Memphis
1-bedroom apartments here are priced 27% lower than 1-bedrooms in Memphis.
If you decide to upgrade your space, you can expect 2-bedrooms at Emerald Park-New to be 4% less than the average for similarly sized apartments in Memphis.
3-bedroom apartments at Emerald Park-New cost about 15% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Jan 3 2026.
Memphis
| Month | Median Rent |
|---|---|
| February 2024 | $650 |
| March 2024 | $650 |
| April 2024 | $705 |
| May 2024 | $769 |
| June 2024 | $765 |
| July 2024 | $885 |
| August 2024 | $1,110 |
| September 2024 | $1,155 |
| October 2024 | $1,160 |
| 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 | $813 |
Affordability calculator
Can I afford to live at 3338 Summer Place Ln?
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 Emerald Park-New
Ridgeway Early Learning Center
3435 3435 ridge meadow pkwy
memphis, TN, 38115
PKPublic
Winridge Elementary School
3500 ridgeway rd
memphis, TN, 38115
PK, K-5Public
C
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
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 Emerald Park-New
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 3338 Summer Place Ln
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
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 3338 Summer Place Ln, Memphis
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
4/10
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 10-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
3/10
Some bars within walking distance
Explore the area around 3338 Summer Place Ln
Super Mercado El Ray II
3699 Hickory Hill Rd
Walmart Neighborhood Market
2856 Hickory Hill Rd
Superlo Foods
6532 Winchester Rd
La Fiesta
3500 S Mendenhall Rd
Z Market
5393 Winchester Rd
Ross Dress For Less
3601 Riverdale Rd
Shoe Show
3601 Riverdale Rd
Bold N Beautie Boutique
6140 Waterstone Oak Way
Fast Boutique
6030 Knight Arnold Road Ext
Family Dollar
3255 Hickory Hill Rd
C K's Coffee Shop
5370 Winchester Rd
Starbucks
2801 Kirby Rd
Dunkin'
2735 Kirby Rd
Starbucks
7064 Winchester Rd
Scooter's Coffee
3730 Riverdale Rd
18 Wayz Wingz & Thingz
6255 Winchester Rd
Memphis Nites
3299 Kirby Pkwy
745-Cash.com
5353 Knight Arnold Rd
El Toro Loco
2809 Kirby Rd
C Fu Chinese
3135 S Mendenhall Rd
Calhouns Sweet Treats, LLC
3735 Hickory Hill Rd
Walmart Bakery
2856 Hickory Hill Rd
Jose Bakery
5365 Knight Arnold Rd
Kroger Bakery
2835 Kirby Rd
Right Stuff Health
5650 Mount Moriah Rd
Emerald Park
Walter K Singleton Park
Halle Park
Lichterman Park
Goodwin Park
Taqueria El Rey
5967 Knight Arnold Road Ext
Taqueria Garibaldi
5967 Knight Arnold Road Ext
Hunt Brothers Pizza
5935 Knight Arnold Road Ext
Krab Kingz East-Memphis
5992 Knight Arnold Road Ext
A & J's Catfish Station
5950 Knight Arnold Road Ext
Knight Arnold Road / Ridgewyck Drive
Madison
Knight Arnold Road / Hickory Hill Road
Madison
Knight Arnold Road / Ridgeway Road
Madison, Madison
Winchester Road / Lichterman Road
Lamar
Hickory Ridge Mall
Lamar
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