Zumper
modified
11 Hours Ago

Location

3338 Summer Place Ln, Memphis, TN 38115, USA
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Contact

Management

Multi-South Management

Leasing office

(901) 365-2784

Open 

Thursday 8:30 am–5:00 pm CT

Property Overview

Emerald Park receives a commendable expert rating of 8.3, indicating its appeal for renters. With a competitive price rating of 10 and an 87.5 percentile ranking for value, it presents an impressive balance of cost and amenities. Featuring a standout location rating of 9, residents enjoy excellent accessibility to key points of interest, supported by a trustworthiness rating that reflects transparency in its management.

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

8.3
Very Good
With a solid 8.3 out of 10 overall, Emerald Park is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Emerald Park has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Less expensive

Floor plans

1 bedroom 1 bathroom1 bed1 bath713+ sqft$699 /mo40 units available
2 bedroom 1.5 bathroom2 bed1.5 bath974+ sqft$948 /mo12 units available
2 bedroom 1 bathroom2 bed1 bath974+ sqft$974 /mo9 units available
2 bedroom 1.5 bathroom2 bed1.5 bath1,134+ sqft$998 /mo7 units available
3 bedroom 2.5 bathroom3 bed2.5 bath1,535 sqft$1,095 /mo11 units available

Let's explore this property.

Policies and fees

Contact for more information on pet policy.

Required one-time fees

Security Deposit$500
Refundable amount: 100%
Building details

Property details

Units157
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About Emerald Park

HomeApartments in Memphis Emerald Park

Emerald Park cost $699–$1,095 per month. Located at 3338 Summer Place Ln, Memphis, TN 38115, USA, Emerald Park has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Memphis, renting an apartment at Emerald Park is 22% cheaper per month.Other apartment buildings in or around Memphis include but are not limited to: 2540 Broad Ave, 3888 Autumn Ridge Ct, 1835 Union Ave, 775 Melrose St


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 Good
With a solid 8.3 out of 10 overall, Emerald Park is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Emerald Park has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Emerald Park
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 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 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 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 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 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 compares to other nearby properties.

Positives

More space
The 1-bedroom is 300 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 29% lower than 1-bedrooms in Memphis.

If you decide to upgrade your space, you can expect 2-bedrooms at Emerald Park to be 11% less than the average for similarly sized apartments in Memphis.

3-bedroom apartments at Emerald Park cost about 22% less than the average rent price for 3-bedroom apartments in Memphis.

Median rents as of Sep 6 2025.
Memphis
A table of studio rental data trends in Memphis
MonthMedian Rent
September 2023$650
October 2023$650
November 2023$650
December 2023$650
January 2024$650
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$1,150

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

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

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 grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

4/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

1/10
No high schools within a 30-minute walk

Parks

5/10
Moderate amount of park space nearby

Nightlife

3/10
Few or no 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
Amana Market
5405 Knight Arnold Rd
La Fiesta
3500 S Mendenhall Rd

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