Updated 5+ Days Ago
Highlights
Pet Friendly
Location
515 Carpenter St, Memphis, TN 38112, USA|Binghampton-Lester
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Property Overview
515 Carpenter offers strong overall value, with an 8.4 Zumper expert rating, a perfect price score, and high marks for amenities, location, and trustworthiness. It may appeal to renters who value nearby pet services and value for money, while also offering access to public transportation and a nearby middle school.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
Great for
Pet owners
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 700 sqft | $850 /mo | 1 unit available | This two-bedroom, one-bath apartment in Memphis offers spacious rooms and convenient off-street parking. Located close to Overton Park, the residence provides easy access to outdoor green space and nearby attractions. The generous room sizes let you arrange living and dining areas to suit your needs. Off-street parking adds convenience for vehicle owners. Available now — schedule a visit to see the layout and location in person. |
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Amenities for 515 Carpenter
Apartment Amenities
| Large Rooms |
Building
| Cats OK | Dogs OK |
Grounds
| Off-Street Parking |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 515 Carpenter
This two-bedroom, one-bath apartment in Memphis offers spacious rooms and convenient off-street parking. Located close to Overton Park, the residence provides easy access to outdoor green space and nearby attractions. The generous room sizes let you arrange living and dining areas to suit your needs. Off-street parking adds convenience for vehicle owners. Available now — schedule a visit to see the layout and location in person.
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 Good515 Carpenter 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.
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, 515 Carpenter is a great option for renters looking for apartments in Binghampton-Lester. 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, 515 Carpenter 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.
515 Carpenter 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 515 Carpenter 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.
515 Carpenter is great 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 515 Carpenter compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.4 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Binghampton-Lester
2-bedroom apartments at 515 Carpenter cost about 1% more than the average rent price for 2-bedroom apartments in Binghampton-Lester.
Median rents as of Sep 5 2026.
Binghampton-Lester
Memphis
| Month | Median Rent |
|---|---|
| September 2024 | $1,191 |
| 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 | $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 | $1,103 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,193 |
| October 2024 | $1,193 |
| November 2024 | $1,172 |
| December 2024 | $1,169 |
| January 2025 | $1,187 |
| February 2025 | $1,193 |
| March 2025 | $1,145 |
| April 2025 | $1,113 |
| May 2025 | $1,065 |
| June 2025 | $1,178 |
| July 2025 | $1,162 |
| August 2025 | $1,061 |
| May 2026 | $1,101 |
Affordability calculator
Can I afford to live at 515 Carpenter St?
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
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 2-bedrooms monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near 515 Carpenter
Brewster Elementary School
2605 sam cooper blvd
memphis, TN, 38112
PK, K-5Public
C
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, 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
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
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Internet available near 515 Carpenter
Getting around Memphis near 515 Carpenter St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
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 515 Carpenter St, Memphis
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
6/10
Variety of cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some 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
6/10
Large amount of park space nearby
Nightlife
5/10
Variety of bars within a short drive
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