Apartments for Rent in Binghampton-Lester, Memphis, TN

Binghampton-Lester, Memphis apartment availability

Binghampton-Lester's rental market offers a good selection of listings, with an average of around 89 rentals available each month. The neighborhood's inventory is comprised mostly of 2-bedroom apartments, followed by 1-bedroom and 3-bedroom units. A notable feature of Binghampton-Lester rentals is their pet-friendliness, with over half of the apartments allowing pets, including small pets, making it a great option for renters with furry companions.

Binghampton-Lester, Memphis rental market trends

The Binghampton-Lester neighborhood in Memphis saw a slight decrease in average rent prices in 2024, with a year-over-year decrease of 0.35%. The average monthly rent for all bed types and properties is around $1,108. Breaking it down by bed count, 1-bedrooms average $925 per month, a 7.78% decrease from the previous year. 2-bedrooms average $965, with a 2.9% decrease, while 3-bedrooms average $1,285, with a 3.24% decrease. Studios, on the other hand, saw a significant increase of 14.8%, averaging $1,150 per month.

In terms of market trends, September is typically the month with the highest rent prices, with an 8.99% increase compared to February, the month with the lowest rent prices. If you're looking for a new apartment, February may be a good time to find a deal. Keep in mind that the rental market can fluctuate, and prices may vary depending on the time of year and availability.

Why Binghampton-Lester, Memphis is a great place to live

Binghampton-Lester is a neighborhood that caters to renters who value social connections and pet companionship. Our analysis of local amenities and apartment features reveals that this area excels in supporting active social lives and welcoming pets.

The neighborhood's high walk score, frequent transit options, well-maintained street infrastructure, and emphasis on safety make it an ideal setting for those who enjoy exploring their community and connecting with others. Additionally, the age distribution in the neighborhood suggests a diverse and vibrant social scene.

For pet owners, Binghampton-Lester offers a range of pet-friendly features, including dedicated pet spaces, pet-safe windows, and outdoor areas. The absence of breed restrictions, pet events, and reasonable pet deposits further contribute to the neighborhood's pet-friendly atmosphere. With nearby dog parks and convenient pet waste facilities, this neighborhood makes it easy to care for your furry friends.