Half Off First Months Rent. Adorable 2 bedroom, 1 bathroom apartment located in Memphis.
Living Room. Kitchen. Over the Range Microwave. Ceiling Fans. Blind. Luxury Vinyl Planks. Tile. Security/Storm Doors.
This cozy 2-bedroom, 1-bath apartment in Memphis offers the perfect blend of comfort and convenience, just minutes from Downtown. Take a scenic walk across the Memphis-Arkansas Bridge and enjoy stunning views of the Mississippi River. With a variety of shopping, dining, and entertainment options just a short drive away, you'll always have something to do. The Orpheum Theatre, FedEx Forum, and multiple museums are all nearby, so you can easily catch a show, concert, or explore the city's vibrant culture. Traveling is a breeze with Memphis International Airport just a 20-minute drive away, making it easy to switch into vacay mode. For a sense of community, head to the Gaston Community Center to meet neighbors and get involved. Plus, with the interstate less than 5 minutes away, commuting or getting around town is quick and simple.
The Total Monthly Price of $635.95 includes base rent plus the Resident Benefits Package at $35.95 per month. The RBP includes renters insurance, air filter delivery, utility setup assistance, credit-building services, and more. Enrollment in the Resident Benefits Package is required with the rental. Additional details will be provided upon application.
This property is professionally managed by Mid-South Home Rentals. We offer a 24-hour maintenance line, including night, weekend, and holiday emergency service for major plumbing and HVAC issues. Rental Criteria & Application Requirements....
Income: Verifiable net income of at least 3x the monthly rent.
Credit: Minimum credit score of 525. Rental and credit history are reviewed.
Background: Criminal background screening required. No felony convictions.
Rental History: Positive rental history and good standing with current/previous housing providers required.
Utilities: Applicants must qualify to place required utilities in their name.
Application: Applicants must provide a valid ID, proof of income, required supporting documents, and the non-refundable application fee.
Processing: Applications are processed in the order received. Allow 3-5 business days.
If Home Is Pet FRIENDLY- Pets: Approval required. $300 non-refundable pet deposit per pet. Breed restrictions may apply.
Questions? Please contact our leasing team for assistance. Pet Details: 12 Month Lease, Pet Deposit $300 Per Pet (NON-REFUNDABLE). Restricted breeds include: Pit Bulls, Rottweilers, Chows, Dobermans and Wolf-Hybrid.
9 days on RentalSource
RentalSource last checked: 10 hours ago · Listing updated: November 4, 2026
This 2-bedroom, 1-bathroom apartment at 487 Williams Ave #3 in Memphis, TN 38126 rents for $695 a month. It is pet friendly. 487 Williams Ave #3 was advertised by Mid-South Home Rentals on November 4, 2026.
How the Rent Compares
At $695 a month, this apartment is below the typical rent for 2-bedroom apartments and condos in Memphis (about $900).
Typical $900This home $695
$1,600
From 202 two-bedroom apartments and condos listed in Memphis on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$900Typical rent for 2-bedroom apartments and condos in Memphis
The rent has changed twice since it was listed on May 29, from $795 to $695.
Rent history for this home, newest first
Date
Event
Rent
Change
October 22, 2026
Price change
$695+15.8%
+15.8%
October 7, 2026
Price change
$600−13.7%
−13.7%
May 29, 2026
Listed for rent
$795
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 487 Williams Ave #3?
Bedrooms
2 bedrooms
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Recommended income
$27,800 /year
With your chosen rent-to-income ratio, an annual income of $27,800 is recommended to comfortably afford this 2-bedroom rental priced at $695 per month.
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