13 Hours Ago
Location
242 Lake Dr Apt 1, Ripley, TN 38063, USA
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent MemphisApartments for rent CordovaApartments for rent BartlettApartments for rent Alliance of Cordova NeighborhoodsApartments for rent OaklandApartments for rent ArlingtonApartments for rent Gray's CreekApartments for rent CountrywoodApartments for rent JacksonApartments for rent Cordova RidgeApartments for rent MillingtonApartments for rent LakelandApartments for rent Springhill Community Civic ClubApartments for rent Colonial AcresApartments for rent Evergreen Historic DistrictApartments Near Me
Houses for rent GermantownHouses for rent MemphisHouses for rent Sea Isle ParkHouses for rent East MidtownHouses for rent Rhodes Hollywood Springdale PartnershipHouses for rent Binghampton-LesterHouses for rent GlenviewHouses for rent Orange Mound Civic OrgganizationHouses for rent White Station-YatesHouses for rent Idlewild-East End HistoricHouses for rent Hadley and PrescottHouses for rent ArlingtonHouses for rent Evergreen Historic DistrictHouses for rent South Main Historic DistrictHouses for rent West MemphisHouses for rent near me
Floor plans
| 242 Lake Drive Unit 1 - 1 | 2 bed | 1.5 bath | $1,000 /mo | RENT SPECIAL...Sign a lease by 10/15/2025 and receive $400.00 off First Full Months Rent! *$12 monthly property insurance required additional Qualifications & Application Criteria $50 application fee per applicant Income verification criminal background check credit check : we look for a 600 but we are flexible on this with the option to sign up for credit monitoring Please send direct message if you apply or if you have questions before applying. If you have any concerns regarding the qualifications please reach out. There is some flexibility. Link below for application https westtnpm managebuilding com Resident rental-application new |
Let's explore this property.
Policies and fees
Contact for more information on pet policy.
Required one-time fees
| Security Deposit | $0 |
|---|---|
Building details
Property details
| Units | 1 |
|---|
Advertisement
About 242 Lake Drive Unit 1
RENT SPECIAL...Sign a lease by 10/15/2025 and receive $400.00 off First Full Months Rent! *$12 monthly property insurance required additional Qualifications & Application Criteria $50 application fee per applicant Income verification criminal background check credit check : we look for a 600 but we are flexible on this with the option to sign up for credit monitoring Please send direct message if you apply or if you have questions before applying. If you have any concerns regarding the qualifications please reach out. There is some flexibility. Link below for application https westtnpm managebuilding com Resident rental-application new
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, 242 Lake Drive Unit 1 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 242 Lake Drive Unit 1 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.
242 Lake Drive Unit 1 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, 242 Lake Drive Unit 1 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.
242 Lake Drive Unit 1 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 242 Lake Drive Unit 1 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.
242 Lake Drive Unit 1 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 242 Lake Drive Unit 1 compares to other nearby properties.
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 2 miles away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Ripley
2-bedroom apartments at 242 Lake Drive Unit 1 cost about 5% more than the average rent price for 2-bedroom apartments in Ripley.
Median rents as of Sep 28 2024.
Ripley
| Month | Median Rent |
|---|---|
| June 2024 | $650 |
| July 2024 | $650 |
| August 2024 | $650 |
| September 2024 | $709 |
Affordability calculator
Can I afford to live at 242 Lake Dr Apt 1?
Bedrooms
2 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
$40,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this 2-bedrooms monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.
Schools near 242 Lake Drive Unit 1
Ripley Primary School
225 volz rd
ripley, TN, 38063
PK, K-2Public
B+
Advertisement
Internet available near 242 Lake Drive Unit 1
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Ripley near 242 Lake Dr Apt 1
Walking
3/10
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
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 242 Lake Dr Apt 1, Ripley
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Some cafés within walking distance
Restaurants
3/10
Some restaurants within walking distance
Primary schools
0/10
Closest elementary school further than a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Compare similar properties nearby
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning
- in-unit laundry
- dogs and cats ok
- air conditioning