Apartments for Rent in Gray's Creek, Memphis, TN

Gray's Creek, Memphis apartment availability

Gray's Creek offers a good selection of rental listings, with an average of 55 rentals available each month. The majority of rentals in this neighborhood are 3-bedroom apartments, making it a great option for families or those looking for more space. Many apartments in Gray's Creek are pet-friendly, with 72.5% allowing small pets, including dogs, with some restrictions. This makes it an attractive choice for pet owners. With its variety of rentals and pet-friendly amenities, Gray's Creek is worth considering for those looking for a new place to call home in Memphis.

Gray's Creek, Memphis rental market trends

Gray's Creek in Memphis saw a slight decrease in average rent prices over the past year, with a 0.8% drop to $1,821 per month. Breaking it down by bedroom count, 1-bedrooms averaged $1,318 per month, a 7.3% decrease from the previous year. In contrast, 2-bedrooms experienced a 2.7% increase, reaching $1,550 per month, while 3-bedrooms saw a modest 0.7% increase to $1,832 per month.

The rental market in Gray's Creek tends to fluctuate throughout the year, with April typically being the most expensive month, 6% higher than the lowest month, March. If you're looking for a new apartment, March might be a good time to find a deal. Keep in mind that the market dynamics can shift, and it's essential to stay informed about the current trends. Notably, studios are no longer available in the area, which may impact overall market conditions.

Why Gray's Creek, Memphis is a great place to live

Gray's Creek is a neighborhood that caters to renters who prioritize pet ownership and a vibrant social life. With an abundance of pet-friendly amenities, including pet supply stores, designated pet spaces, and pet grooming services, this area makes it easy to care for your furry friends. The presence of pet-safe windows, no breed restrictions, and outdoor spaces further solidify Gray's Creek as a haven for pet owners. Additionally, the neighborhood's population, frequent transit options, safety, and age distribution create a dynamic social scene. Well-maintained street infrastructure also contributes to the area's appeal. If you're looking for a community that supports both your love for pets and your desire for social connection, Gray's Creek is an excellent choice.