Monthly rent

$1,250

Beds

Baths

Sqft

1,239

Monthly rent	$1,250
Beds	3
Baths	1
Sqft	1,239

2 Days Ago

Location

3702 Wayne Ave, Memphis, TN 38122, USA|Grahamwood

Tour 3702 Wayne Ave

Contact

Advantage Property Management

(901) 347-3148

About 3702 Wayne Ave

Discover this beautifully renovated 3-bedroom home situated in one of the University of Memphis area’s most desirable neighborhoods. This property perfectly blends modern upgrades with classic character, featuring gleaming refinished hardwood floors and a fully modernized bathroom. The kitchen comes equipped with a brand-new stainless-steel dishwasher, while a new central HVAC system ensures year-round comfort. Outside, the property truly shines with a massive, detached garage, complete with a dedicated shop area and a spacious loft for additional storage. Perfect for hobbyists, students, or families alike! Included Appliances: Dishwasher Range Connection Type: Gas Laundry Hookups: Yes Heating/Cooling: Central HVAC Water Heater: Gas Storage Unit: Detached Garage: Detached Fenced: No If on a voucher program, we do not require you to make 3 X's the monthly rental income. We will ensure you make income to cover your vouchered portion of the rent. If your voucher shopping range covers the rental amount with leeway but your an RTA has less bedrooms than our property, as long as there is room on your voucher closer to the bottom shopping range there is a possibility we could place you in a higher bedroom count home. PLEASE CALL OUR OFFICE FOR INFORMATION PRIOR TO APPLYING We encourage you to view this property prior to applying. To schedule a viewing please call 901-347-3148. To apply for properties, please visit www advantagepropertymgmt com Looking for the perfect rental property? Let Advantage Property Management welcome you home. We have proudly earned our A+ rating with the BBB due to our exceptional customer service, thorough communication and prioritization of our clients. We, too, live and work in Memphis and understand the value of locally owned business. We are proud to be a family owned and operated company that has served our great city for over 15 years and would love to offer our exceptional customer service to you as well. Come experience the Advantage Way. Welcome home. We are proud to offer: 24/7 Maintenance Team: Reporting maintenance issues has never been easier whether it’s online or by phone. After hours issues? No problem! Our dedicated staff work diligently to provide fast service when you need us most. 100% Vetted Vendor Network: We work hard to build long-term relationships with our vendors. Each vendor is screened thoroughly to ensure that everyone servicing your home is reliable, professional, and insured. Online Tenant Portal: Everything you need to take care of business in one place! Rent payments, maintenance requests, contact forms and more can be accessed directly through your online portal. Rental Requirements: -Must make 3 times the rent, and must provide 3 most recent paystubs as proof of income (if moving from out of state, you must show an offer letter of employment) -Must be in good standing with MLGW (provide a recent MLGW bill within the last 30 days) -Provide 3 consecutive bank statements. (Screenshots will not be accepted, statements must be downloaded in full and include all pages from the E-statement. All pages MUST be included.) -Preferred to have one year or more rental history (must upload a copy of a recent tenant ledger) -Preferred to have one year or more with current employer -No prior evictions within the last 5 years (includes rental collections that have been paid and dismissed), no felonies, and no Chapter 7 bankruptcy. (Chapter 13 is a case-by-case situation.) ***Please no..

Neighborhood

Grahamwood

Zip code

38122

Type

House for rent

Rent trends in Grahamwood

3-bedroom apartments at 3702 Wayne Ave cost about 6% less than the average rent price for 3-bedroom apartments in Grahamwood.

Median rents as of Jan 3 2026.

Grahamwood

Memphis

A table of 3-bedroom apartment rental data trends in Memphis
Month	Median Rent
February 2024	$1,350
March 2024	$1,378
April 2024	$1,397
May 2024	$1,398
June 2024	$1,397
July 2024	$1,399
August 2024	$1,398
September 2024	$1,407
October 2024	$1,396
November 2024	$1,395
December 2024	$1,395
January 2025	$1,395
February 2025	$1,395
March 2025	$1,408
April 2025	$1,415
May 2025	$1,436
June 2025	$1,443
July 2025	$1,424
August 2025	$1,399
September 2025	$1,367
October 2025	$1,338
November 2025	$1,314
December 2025	$1,301
January 2026	$1,295

A table of 3-bedroom apartment rental data trends in Grahamwood
Month	Median Rent
March 2024	$1,360
April 2024	$1,247
May 2024	$1,210
June 2024	$1,240
July 2024	$1,295
August 2024	$1,320
September 2024	$1,317
October 2024	$1,284
November 2024	$1,204
December 2024	$1,290
January 2025	$1,378
February 2025	$1,370
March 2025	$1,395
April 2025	$1,440
May 2025	$1,409
June 2025	$1,395
July 2025	$1,305
August 2025	$1,295
September 2025	$1,395
October 2025	$1,375
November 2025	$1,316
December 2025	$1,330
January 2026	$1,325

Affordability calculator

Can I afford to live at 3702 Wayne Ave?

Bedrooms

3 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

$50,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 3-bedrooms monthly rent price of $1,250.

For more information on rent affordability, visit our rent calculator.

Schools near 3702 Wayne Ave

Points of interest for 3702 Wayne Ave, Memphis

Groceries

8/10

At least one supermarket within a 10-minute walk

Shopping

5/10

Several shops within walking distance

Cafes

2/10

Few or no cafés within walking distance

Restaurants

5/10

Some restaurants within a few minutes’ walk

Primary schools

8/10

At least one elementary school within a 15-minute walk

High schools

8/10

At least one high school within a 15-minute walk

Parks

6/10

Moderate amount of park space nearby

Nightlife

1/10

Few or no bars within walking distance

Explore the area around 3702 Wayne Ave

La Fiesta Supermarket

3662 Macon Rd

Stepherson's Superlo Foods

3942 Macon Rd

Save-A-Lot

3240 Jackson Ave

Allgood Grocery

797 Pope St

Kroger

4264 Summer Ave

3702 Wayne Ave3702 Wayne Ave, Memphis, TN 38122, USA

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Schools near 3702 Wayne Ave

Treadwell Elementary School

Early Childhood Program Partnering Centers

Avon School

University of Memphis - University Campus School

Ida B. Wells Academy

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Points of interest for 3702 Wayne Ave, Memphis

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Homes in Grahamwood

3702 Wayne Ave
3702 Wayne Ave, Memphis, TN 38122, USA