Zumper
modified
18 Hours Ago

Highlights

  • Dishwasher
  • Conveniently located
  • Refrigerator
  • Central heat and air
  • Upgraded kitchen
  • Shaker cabinets

Location

1042 University St, Memphis, TN 38107, USA|Rhodes Hollywood Springdale Partnership
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Contact

Management

Foundation Property Management LLC

Leasing office

(844) 310-9632 ext. 4182

Property Overview

1042 University Street has a strong Zumper expert rating of 7.8, highlighting its suitability for renters. The property excels in its location, amenities, and value, with impressive scores of 9, 8, and 8 respectively, indicating a competitive market position. Notable features include upgraded kitchen amenities and efficient appliances, which enhance its appeal.

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

7.8
Very Good
1042 University Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Less expensive
  • High school nearby
  • Middle school nearby

Floor plans

1042 University Street - 12 bed1.5 bath1,072 sqft$750 /moDiscover this beautiful coming-soon property, proudly presented by FPM, where style meets comfort. "NO Pets Allowed." Welcome to 1042 University Street-1, Memphis, TN 38107! Home Features: - Hard surface flooring throughout - Upgraded kitchen with shaker cabinets - Refrigerator, Range Vent-A-hood and Dishwasher included - Central heat and air for cooling system - Large backyard - Conveniently located near KIPP Memphis Academy Middle School and KIPP Memphis Collegiate High School. 1042 University Street is also close to community centers, local restaurants, shopping centers, parks and major highways. Ready to make it yours? Visit our website now to schedule a tour or view more available properties! FPM Website: https foundationpm com rental-search

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Policies and fees

Applicants

Application Fee

One-time. Agent application fee.

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REQUIRED FEES

Security Deposit

One-time.

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Questions about this property’s policies and fees?

Building details

Property details

Units1
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About 1042 University Street

HomeApartments in MemphisRhodes Hollywood Springdale Partnership 1042 University Street

Discover this beautiful coming-soon property, proudly presented by FPM, where style meets comfort. "NO Pets Allowed." Welcome to 1042 University Street-1, Memphis, TN 38107! Home Features: - Hard surface flooring throughout - Upgraded kitchen with shaker cabinets - Refrigerator, Range Vent-A-hood and Dishwasher included - Central heat and air for cooling system - Large backyard - Conveniently located near KIPP Memphis Academy Middle School and KIPP Memphis Collegiate High School. 1042 University Street is also close to community centers, local restaurants, shopping centers, parks and major highways. Ready to make it yours? Visit our website now to schedule a tour or view more available properties! FPM Website: https foundationpm com rental-search


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.
7.8
/10
Very Good
1042 University Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 1042 University Street
Price·8A 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.
Scoring a 8/10, 1042 University Street is a great option for renters looking for apartments in Rhodes Hollywood Springdale Partnership. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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, 1042 University Street 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.
1042 University Street 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 1042 University Street 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 1042 University Street compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.2 mile away
Middle school nearby
There is a middle school 0.2 mile away
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Rhodes Hollywood Springdale Partnership

2-bedroom apartments at 1042 University Street cost about 16% less than the average rent price for 2-bedroom apartments in Rhodes Hollywood Springdale Partnership.

Median rents as of Feb 21 2026.
Rhodes Hollywood Springdale Partnership
Memphis
A table of 1-bedroom apartment rental data trends in Memphis
MonthMedian Rent
March 2024$904
April 2024$916
May 2024$939
June 2024$933
July 2024$993
August 2024$1,022
September 2024$1,070
October 2024$1,067
November 2024$1,060
December 2024$1,059
January 2025$1,070
February 2025$1,035
March 2025$1,016
April 2025$996
May 2025$995
June 2025$995
July 2025$968
August 2025$989
September 2025$962
October 2025$964
November 2025$978
December 2025$970
January 2026$943
February 2026$949
A table of 1-bedroom apartment rental data trends in Rhodes Hollywood Springdale Partnership
MonthMedian Rent
March 2024$655
April 2024$684
May 2024$667
June 2024$716
July 2024$730
August 2024$708
September 2024$668
October 2024$669
November 2024$659
December 2024$684
January 2025$709
February 2025$709
March 2025$707
April 2025$668
May 2025$695
June 2025$675
July 2025$694
August 2025$700
September 2025$670
October 2025$657
November 2025$716
December 2025$750
January 2026$749
February 2026$706

Affordability calculator

Can I afford to live at 1042 University St?

Bedrooms

2 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

$30,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 2-bedrooms monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.

Schools near 1042 University Street

Snowden Elementary/Middle School

1870 n parkway

memphis, TN, 38112

PK, K-8Public
C+

Exceptional Children Special Placements

160 s hollywood

memphis, TN, 38112

PK, K-12Public

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-

Hamilton School

1478 wilson st

memphis, TN, 38106

PK, K-8Public
C-
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Neighborhood

Rhodes Hollywood Springdale Partnership | Memphis, TN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Memphis near 1042 University St

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

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 1042 University St, Memphis

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

5/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

2/10
Some bars within walking distance

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