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Fireplace

3116 Monterrey Square

Memphis, TN 38111 - Shelby County

Townhouse

2 beds

1 baths

2,592 sqft

About 3116 Monterrey Square

This charming 2-bedroom 1.5 bath home in the Parkway Village area offers bright, open living spaces with great natural light, a functional kitchen and comfortable bedrooms. The home features central heat and air for year-round comfort. Outside, a large fenced backyard provides room for play or outdoor seating, while private driveway parking adds convenience. Located minutes from the University of Memphis, shopping, dining and major roadways, this home is move-in ready and ideal for long-term tenants. Private Patio, Wd Hookup, Carpet, Air Conditioner, Fireplace & Tile Flooring.

RentalSource last checked: June 12, 2026 · 10:49 AM ET

Last updated: May 26, 2026 at 4:45 PM ET

Managed by: BenchMark Realtors · (901) 316-7414 · DoorLoop

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Townhouse
Rental Fee:	$1,175
Bedrooms:	2 beds
Bathrooms:	1 baths

Size:	2,592 sqft
Pet Friendly:	Inquire
Listing Status:	Active
ID:	83638062

Property Amenities

• Balcony/Patio

• Carpeted Floors

• Fireplace

Community Features

• Parking

Additional Details

Townhouse for rent in Memphis for $1,175 with 2 beds, 1 bath, 2,592 sqft and located at 3116 Monterrey Square in Memphis, TN 38111. The rental price of $1,175 is 25.0% ($235) higher than the average rent of $940 for a 2 bedroom townhouse in Memphis, TN and 19.4% ($191) higher than the average rent of $984 for a 2 bedroom townhouse in Shelby County. 3116 Monterrey Square was advertised on May 16, 2026 at 11:38 AM ET, last updated on May 26, 2026 at 4:45 PM ET and last checked today at 10:49 AM ET.

Affordability Calculator

Can I afford to live at 3116 Monterrey Square?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$47,000 /year

With your chosen rent-to-income ratio, an annual income of $47,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,175 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Townhouse for rent

$1,175

Rent Affordability Calculator

Interested in 3116 Monterrey Square?

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Property managed by:

BenchMark Realtors
(901) 316-7414

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.