$675/mo
- 2 Beds
- 1 Bath
482 E McLemore Ave #4, Memphis, TN 38106
Cost and fees breakdown
Price may not include required fees and charges.
Home Highlights
Apartment
No Pets
Laundry
$675 deposit
Local Information
-- mins to
About this House
Welcome to 482 E McLemore Ave, Apartment #4, a comfortable 2-bedroom, 1-bathroom apartment conveniently located in Memphis, TN. This apartment offers a practical layout with spacious living areas and is ideally situated just minutes from Downtown Memphis, local shopping, dining, public transportation, and major roadways.
The unit features tile flooring throughout, a functional kitchen equipped with an oven and refrigerator, and two well-sized bedrooms that provide flexibility for residents, guests, or a home office. The convenient location makes this a great option for anyone looking for affordable and accessible living close to the heart of Memphis.
Amenities & Features
2 bedrooms
1 full bathroom
Spacious living area
Tile flooring
Kitchen with oven and refrigerator
Convenient access to public transportation
Close to shopping and local businesses
Minutes from Downtown Memphis
Easy access to major roads and nearby attractions
Included Appliances: None.
Range Connection Type: Gas
Laundry Hookups: Yes
Heating/Cooling: Central Heat and Cooling
Storage Unit: No.
Garage: No
Fenced: No
All Advantage Property Management residents are eligible to enroll in the Resident Benefits Package (RBP) for $36/month which includes liability insurance, credit building to help boost the residents credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), quarterly pest control , our best-in-class resident rewards program, and much more! Enrollment is not required its optional. More details upon application.
We encourage you to view this property prior to applying.
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 bankruptcy.
A one-time lease setup fee of $100.00 will be charged by Advantage Property Management at the time the lease is signed.
Please note that failure to supply all necessary documents at time of submission will result in automatic cancellation/denial of your application and no refund of the application fee will be given. Providing false and/or misleading information is grounds for termination of application and complete forfeiture of application fee.
Please note that the home will be rented in as-is condition.
The unit features tile flooring throughout, a functional kitchen equipped with an oven and refrigerator, and two well-sized bedrooms that provide flexibility for residents, guests, or a home office. The convenient location makes this a great option for anyone looking for affordable and accessible living close to the heart of Memphis.
Amenities & Features
2 bedrooms
1 full bathroom
Spacious living area
Tile flooring
Kitchen with oven and refrigerator
Convenient access to public transportation
Close to shopping and local businesses
Minutes from Downtown Memphis
Easy access to major roads and nearby attractions
Included Appliances: None.
Range Connection Type: Gas
Laundry Hookups: Yes
Heating/Cooling: Central Heat and Cooling
Storage Unit: No.
Garage: No
Fenced: No
All Advantage Property Management residents are eligible to enroll in the Resident Benefits Package (RBP) for $36/month which includes liability insurance, credit building to help boost the residents credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), quarterly pest control , our best-in-class resident rewards program, and much more! Enrollment is not required its optional. More details upon application.
We encourage you to view this property prior to applying.
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 bankruptcy.
A one-time lease setup fee of $100.00 will be charged by Advantage Property Management at the time the lease is signed.
Please note that failure to supply all necessary documents at time of submission will result in automatic cancellation/denial of your application and no refund of the application fee will be given. Providing false and/or misleading information is grounds for termination of application and complete forfeiture of application fee.
Please note that the home will be rented in as-is condition.
Contact this Building
Details for 482 E McLemore Ave #4
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Days on Market: 34 days on Trulia |
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Year Built Year Built: 1966 |
Property Type / Style Property Type: Apartment |
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Lease Term: Contact For DetailsDeposit: $675 |
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Costs and Fees
Required monthly rent & fees
- Base rent$675/mo
Required one-time fees
- Security deposit$675
- Application feeContact for details
- Administrative feeContact for details
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
Rental Market Trends in Downtown
Last updated Sep 2026
Trulia Rent Estimate$681/mo
Average rent
$1.15K
Available listings
407
Around this home
What Locals Say about Downtown
At least 264 Trulia users voted on each feature.
85 % Say there are sidewalks
76 % Say car is needed
72 % Say it's dog friendly
71 % Say streets are well-lit
64 % Say it's walkable to restaurants
64 % Say there's holiday spirit
60 % Say parking is easy
56 % Say yards are well-kept
48 % Say it's quiet
45 % Say kids play outside
43 % Say neighbors are friendly
43 % Say they plan to stay for at least 5 years
40 % Say people would walk alone at night
38 % Say it's walkable to grocery stores
37 % Say there are community events
22 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
Local Legal Protections
Local Legal Protections
LGBTQ • Source of Income
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 14, 2026 Source: Zillow Rentals | Listed For Rent | $675 |
Aug 30, 2023 Source: Zillow Rentals | ListingRemoved | |
Aug 14, 2023 Source: Zillow Rentals | Listed For Rent | $675 |
Mar 26, 2022 Source: Zillow Rental Network Premium_1 | ListingRemoved | |
Mar 12, 2022 Source: Zillow Rental Network Premium_1 | PriceChange | $475 Price increased by 90% |
Feb 25, 2022 Source: Zillow Rental Network Premium_1 | PriceChange | $250 Price decreased by 50% |
Jan 26, 2022 Source: Zillow Rental Network Premium_1 | Listed For Rent | $500 |
Advantage Property Management TN
Advantage Property Management, LLC
Phone Number: 601-768-1425
Frequently asked questions about 482 E McLemore Ave #4
- What income do you need to rent 482 E McLemore Ave #4?Most landlords look for monthly gross income of about 3× rent, or roughly $25K per year to rent 482 E McLemore Ave #4 in Memphis, TN at $675/mo.
- What's the average rent in Downtown?The average rent in Downtown is $1,250 per month.
- How does the rent for 482 E McLemore Ave #4 compare to similar 2-bedroom apartments in Downtown?482 E McLemore Ave #4 in Memphis, TN rents about 28% below the area average for 2-bedroom apartments in Downtown ($943/mo).
- What do residents say about the Downtown neighborhood?Residents describe the Downtown neighborhood in Memphis, TN as pedestrian-friendly, dog-friendly, and walkable to restaurants. See apartments for rent in Downtown, Memphis.
Affordability
TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
$24,300 PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

