Zumper
modified
Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • Spacious rooms
  • Convenient off-street parking
  • Outdoor green space
  • Easy access

Location

515 Carpenter St, Memphis, TN 38112, USA|Binghampton-Lester
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Tour 515 Carpenter

Contact

Management

Revid Property Management

Leasing office

(901) 725-7766

Property Overview

515 Carpenter offers spacious rooms, convenient off-street parking, outdoor green space, and easy access, with strong value for money and a high overall rating of 7.8 out of 10. Its location and amenities score especially well, and nearby pet services add to its appeal.

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.

Zumper Expert Rating

7.8
Very Good
515 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.

Things you’ll love

  • Less expensive
  • Middle school nearby

Great for

  • Pet owners

Floor plans

2BR/1.0BA2 bed1 bath700 sqft$650 /mo1 unit availableThis 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.

Let's explore this property.

Amenities for 515 Carpenter

Apartment Amenities

Large Rooms

Building

Cats OKDogs 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

Units2

About 515 Carpenter

HomeApartments in MemphisBinghampton-Lester 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 Good
515 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.
How we rated 515 Carpenter
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:

Pet owners

  • 3 pet hospitals in the area
  • 1 pet grooming service nearby
  • 2 pet supply stores near the property

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 miles away

Considerations

Distance from grocery stores
The nearest grocery store is 3.7 miles away
Greater distance from high schools
The nearest high school is farther than 1.2 miles away

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Rent trends in Binghampton-Lester

2-bedroom apartments at 515 Carpenter cost about 24% less than the average rent price for 2-bedroom apartments in Binghampton-Lester.

Median rents as of Oct 17 2026.
Binghampton-Lester
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
A table of studio rental data trends in Binghampton-Lester
MonthMedian Rent
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 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

$26,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this 2-bedrooms monthly rent price of $650.
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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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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