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L.E.A. Properties LLC DBA Beacon
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The Evelyn June is a highly rated, verified community for adults aged 62 and older, offering one-bedroom-with-den layouts in a scenic setting. With near-perfect scores for price, location, quality, and trustworthiness—as well as strong amenities and excellent nearby schools—it provides exceptional value and convenience for renters seeking an elevated living experience.
Things you’ll love
Elementary school nearbyLess expensiveMiddle school nearby| 1 THTF HH | 1 bed | 1 bath | 646 sqft | $1,088 /mo | 2 units available | ||
| 1 BR 50% | 1 bed | 1 bath | 646 sqft | $1,088 /mo | 4 units available | ||
| 1 BR 60% | 1 bed | 1 bath | 646 sqft | $1,306 /mo | 19 units available | ||
| 1 BR 60% Den | 1 bed | 1 bath | 820 sqft | $1,306 /mo | 2 units available | 1 BR with Den | |
| 2 THTF HH | 2 bed | 1 bath | 911 sqft | $1,306 /mo | 2 units available | ||
| 2 BR 50% | 2 bed | 1 bath | 911 sqft | $1,306 /mo | 3 units available | ||
| 2 BR 60% | 2 bed | 1 bath | 911 sqft | $1,567 /mo | 22 units available |
Let's explore this property.
One-time.
One-time. Refundable.
| Units | 54 |
|---|
The Evelyn June is a 54-unit affordable senior housing development planned for Smyrna, Tennessee. Designed as a high-quality, single-building community for adults aged 62 and older, the development will provide much-needed housing in a region consistently ranked among the best places in the U.S. for retirees, but where affordable senior housing remains limited. The project has encountered unavoidable delays due to the complex infrastructure work required to access the site. This includes constructing a new bridge over Rock Springs Branch and a connecting road, both of which required extended coordination with FEMA to resolve inaccurate floodplain data. These delays impacted the permitting process and extended the design and approval timeline. In addition to time challenges, the bridge's increased engineering scope significantly raised construction costs. To address these needs, the development team successfully secured gap funding from the Tennessee Housing Trust Fund and has applied for an Affordable Housing Program (AHP) grant through the Federal Home Loan Bank of Cincinnati, which was award in November 2024. Once complete, The Evelyn June will offer supportive, and affordable housing for seniors in a scenic, well-connected location, delivering lasting impact in a high-demand market.
How The Evelyn June compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 18% lower than 1-bedrooms in Smyrna.
If you decide to upgrade your space, you can expect 2-bedrooms at The Evelyn June to be 13% less than the average for similarly sized apartments in Smyrna.
| Month | Median Rent |
|---|---|
| June 2024 | $1,509 |
| July 2024 | $1,510 |
| August 2024 | $1,452 |
| September 2024 | $1,368 |
| October 2024 | $1,417 |
| November 2024 | $1,450 |
| December 2024 | $1,366 |
| January 2025 | $1,404 |
| February 2025 | $1,441 |
| March 2025 | $1,464 |
| April 2025 | $1,439 |
| May 2025 | $1,425 |
| June 2025 | $1,329 |
| July 2025 | $1,388 |
| August 2025 | $1,386 |
| September 2025 | $1,410 |
| October 2025 | $1,350 |
| November 2025 | $1,388 |
| December 2025 | $1,447 |
| January 2026 | $1,491 |
| February 2026 | $1,426 |
| March 2026 | $1,469 |
| April 2026 | $1,483 |
| May 2026 | $1,445 |
Can I afford to live at 501 Ronald Lee Rd?
Bedrooms
Rent-to-income ratio
30%
$47,880/yr
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37167 • 8706 Rocky Fork Almaville Rd
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37167 • 8706 Rocky Fork Almaville Rd
2–3 Beds
$1,871–$2,475
301 Dover Glen Drive
1–3 Beds
$969–$1,570
