Apartments for Rent in Grahamwood, Memphis, TN

Grahamwood, Memphis apartment availability

Grahamwood's rental market offers a good selection of listings, with an average of about 19 rentals available each month. The majority of these rentals are 2-bedroom and 3-bedroom apartments, making it a suitable option for families or roommates. Notably, nearly half of the apartments in Grahamwood are pet-friendly, allowing small dogs and having some pet restrictions in place. This makes Grahamwood a great neighborhood for pet owners who want to find a rental that accommodates their furry friends.

Grahamwood, Memphis rental market trends

Grahamwood's rental market saw a 4.4% increase in average monthly rent last year, reaching $1,110. 1-bedrooms experienced the largest annual growth, with an 11.3% increase to $727 per month. The average rent for a 2-bedroom is around $967, while 3-bedrooms average $1,318 per month.

Rents in Grahamwood tend to fluctuate significantly throughout the year. December typically sees the highest rents, with a 30.5% increase compared to January, the month with the lowest rents. This substantial variation presents opportunities for renters to find better deals during the off-season. However, those looking for a new apartment in December can expect to pay a premium. Notably, the rental market for studios in Grahamwood has shifted dramatically, with a 100% decrease in average rent, indicating a potential lack of available studio apartments.

Why Grahamwood, Memphis is a great place to live

Grahamwood stands out as a neighborhood that seamlessly blends pet-friendliness with a vibrant social scene, making it an attractive choice for renters with diverse interests.

For pet owners, Grahamwood offers a comprehensive range of amenities, including dedicated pet spaces in homes, pet-safe windows, access to pet hospitals and grooming services, and the organization of pet events. The absence of breed restrictions and the provision of pet waste facilities further enhance the pet-friendly experience.

Simultaneously, Grahamwood caters to those seeking an active social life through its well-designed street infrastructure, a balanced neighborhood age distribution, a strong emphasis on safety, frequent transit options, and a high walk score. This combination of attributes positions Grahamwood as an ideal location for individuals and families looking for a community that supports both pet ownership and social engagement.