5+ Days Ago
Location
1162 Vance Ave, Memphis, TN 38104, USA|New Pathways
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Property Overview
1162 Vance Avenue is a competitively priced, highly rated residence with an overall Zumper Expert Rating of 8.6/10 and strong scores for price, location, quality, and amenities, indicating excellent value and living standards. Its convenient location near top-rated schools and key destinations, along with a detailed, trustworthy listing and 11 photos, helps renters clearly understand the property and its features.
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.
Things you’ll love
High school nearby- Middle school nearby
- Elementary school nearby
Floor plans
| 1162 Vance Avenue - 6 | 1 bed | 1 bath | 540 sqft | $1,000 /mo | Section 8, TBRA, and HUD-VASH Vouchers Accepted! Second Chance Accepted! Experience comfortable living in this newly updated 1-bedroom, 1-bathroom unit. This cozy and well-maintained home offers a practical and functional layout designed for everyday living, making it a great option for those seeking a simple and comfortable space. Located in Midtown Memphis (38104), just minutes from Downtown Memphis and the Medical District, with convenient access to nearby shopping centers, local restaurants, parks, and public transportation. Grocery stores and other daily essentials are close by. Please note: No furniture, appliances, or utilities are included. Photos may include virtual staging. |
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Amenities for 1162 Vance Avenue
Apartment Amenities
| Utilities Included |
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
Application Fee
Per-applicant. Agent application fee.
Contact Property
REQUIRED FEES
Security Deposit
One-time.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 1162 Vance Avenue
Section 8, TBRA, and HUD-VASH Vouchers Accepted! Second Chance Accepted! Experience comfortable living in this newly updated 1-bedroom, 1-bathroom unit. This cozy and well-maintained home offers a practical and functional layout designed for everyday living, making it a great option for those seeking a simple and comfortable space. Located in Midtown Memphis (38104), just minutes from Downtown Memphis and the Medical District, with convenient access to nearby shopping centers, local restaurants, parks, and public transportation. Grocery stores and other daily essentials are close by. Please note: No furniture, appliances, or utilities are included. Photos may include virtual staging.
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.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, 1162 Vance Avenue is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 1162 Vance Avenue 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·9A 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.
1162 Vance Avenue stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, 1162 Vance Avenue 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.
1162 Vance Avenue 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·9A 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.
1162 Vance Avenue has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
1162 Vance Avenue 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 1162 Vance Avenue compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 mile away
- Middle school nearby
- There is a middle school 0.2 mile away
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
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Rent trends in New Pathways
1-bedroom apartments at 1162 Vance Avenue cost about 28% less than the average rent price for 1-bedroom apartments in New Pathways.
Median rents as of May 2 2026.
New Pathways
Memphis
| Month | Median Rent |
|---|---|
| May 2024 | $767 |
| 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 | $1,158 |
| 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 | $1,190 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,185 |
| June 2024 | $1,199 |
| July 2024 | $1,180 |
| August 2024 | $1,206 |
| September 2024 | $1,140 |
| December 2024 | $1,041 |
| January 2025 | $1,019 |
| February 2025 | $1,019 |
| March 2025 | $1,075 |
| April 2025 | $1,199 |
| May 2025 | $1,227 |
| June 2025 | $1,203 |
| July 2025 | $1,195 |
| August 2025 | $1,133 |
| September 2025 | $1,104 |
| October 2025 | $1,111 |
| November 2025 | $1,164 |
| December 2025 | $1,135 |
| January 2026 | $1,176 |
| February 2026 | $1,226 |
| March 2026 | $1,199 |
| April 2026 | $1,153 |
| May 2026 | $1,138 |
Affordability calculator
Can I afford to live at 1162 Vance Ave?
Bedrooms
1 bedroomRent-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 1-bedroom monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.
Schools near 1162 Vance Avenue
Bruce Elementary School
581 s bellevue blvd
memphis, TN, 38104
PK, K-5Public
C
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-
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
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Internet available near 1162 Vance Avenue
Getting around Memphis near 1162 Vance Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
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 1162 Vance Ave, Memphis
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within a few minutes’ walk
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