Welcome home to The Rise, where ease of living meets crafted style. Brand New luxury apartments. Surrounded by natural beauty in the heart of downtown Memphis, connect at Memphis' exclusive community catered to exceed your desires at every stage. Featuring studios, 1 and 2 bedroom apartments homes, each residence emanates comfortable livability and polished comfort, letting you energize your active lifestyle and engage with your community. Built for healthy living and refined sensibilities, The Rise invites you to create a space that's authentically yours. Cats allowed, Dogs allowed, Pet friendly, Clubhouse, Concierge, Gym, Parking, Pool, Bike storage, Garage, Internet access, Trash valet, Business center, Dog park & E-payments.
RentalSource last checked: April 14, 2026 · 6:00 AM ET
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Property Summary
Property Type:
Apartment
Rental Fee:
$1,264 - $1,879
Bedrooms:
1-2 beds
Bathrooms:
1-2 baths
Size:
Inquire
Pet Friendly:
Yes
Has Garage:
Yes
ID:
67981966
Property Amenities
• Garage
• High-Speed Internet
• Pet Friendly
Community Features
• Bike Paths
• Clubhouse
• Fitness Center
• Pool
• Parking
• Storage
Unit Rates
Name
Beds
Baths
Sqft
Rent
Studio (S2b)
1
1
-
$1,264
Studio (S2)
1
1
-
$1,340
Studio (S2a)
1
1
-
$1,349
Studio (S2d)
1
1
-
$1,364
S1b Studio
1
1
-
$1,459
Name
Beds
Baths
Sqft
Rent
Studio (S2b)
1
1
-
$1,264
Studio (S2)
1
1
-
$1,340
Studio (S2a)
1
1
-
$1,349
Studio (S2d)
1
1
-
$1,364
S1b Studio
1
1
-
$1,459
A1 1Bed/1Bath
1
1
-
$1,542
A1A 1Bed/1Bath
1
1
-
$1,609 - $1,620
A2 1Bed/1Bath
1
1
-
$1,662
A3 1Bed/1Bath
1
1
-
$1,724 - $1,729
B1 2Bed/2Bath
2
2
-
$1,805
B3 2Bed/2Bath
2
2
-
$1,867 - $1,879
Leasing Information
Pet fee: $300. Pet limit: 2. Pet rent: First Pet: $15, Second Pet: $20. Pet restrictions: No Aggressive Breeds.
Additional Details
Apartments for rent in Memphis for $1,264-$1,879 with 1-2 beds, 1-2 baths, pet friendly and located within The Rise at 420 Monroe Ave in Memphis, TN 38103. The averaged rental price of $1,572 is 43.6% ($477) higher than the average rent of $1,095 for apartments in Memphis, TN and 41.6% ($462) higher than the average rent of $1,110 for apartments in Shelby County. This apartment is in the Shelby County School District and the nearest schools are Downtown Elementary, Bellevue Middle and Central High. The Rise was advertised by The Rise 6+ months ago and last updated on April 14, 2026 at 6:00 AM ET.
Affordability Calculator
Can I afford to live at 420 Monroe Ave?
Bedrooms
1 bedroom
30%
10%Recommended50%
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
$50,560 /year
With your chosen rent-to-income ratio, an annual income of $50,560 is recommended to comfortably afford this 1-bedroom rental priced at $1,264 per month.
