3123 Monterrey Sq. - Memphis, TN apartments for rent
3123 Monterrey Sq.
3123 Monterrey Square, Memphis, TN 38111
Off market
Frequently Asked Questions (FAQs)
In Memphis, TN, the average rent is $1,045 for a studio, $1,100 for a 1-bedroom, $1,221 for a 2-bedroom, and $1,496 for a 3-bedroom. The median rent in Memphis, TN has decreased 0.1% month over month. For more information on rental trends in Memphis, TN, check out our monthly Memphis, TN Rent Report (opens in new tab).
Must have 3x the rent in total household income (before taxes).
Some of 3123 Monterrey Sq.'s amenities include Fireplace, Recently renovated, and Extra storage. Only 12% of the 1,555 Memphis, TN rentals on Apartment List have a fireplace. To see the other amenities this property offers, check out the Amenities section.
3123 Monterrey Sq. is not currently offering any rent specials.
Income RequirementMust have 3x the rent in total household income (before taxes)
Income Requirement
Must have 3x the rent in total household income (before taxes)
Property DescriptionVery Nice Newly Rehabbed Duplex in U of M Area - WE ENCOURGE YOU TO VIEW THIS PROPERTY PRIOR TO APPLYING.
This is a two bedroom one and a half bath duplex that has been freshly painted throughout. There are nice LVT floors in the spacious living room which does have a fireplace and unique spiral staircase to the upstairs.
There is a separate dining area as well that has LVT floors. The bedrooms do have carpet in them and there is a great sized kitchen as well with plenty of storage space and counter space. Very nice duplex that will rent quickly!
Please note that due to the current rental housing shortage in the Memphis area the demand for our available homes is very high. The application review process is taking longer than normal. You should expect a response within 8-10 days.
RENTAL REQUIREMENTS:
1-MUST MAKE 3 TIMES (INCOME AFTER DEDUCTIONS) THE RENT AS PROVEN INCOME EARNED. (IF MOVING FROM OUT OF STATE, YOU MUST SHOW OFFER LETTER FOR EMPLOYMENT)
***Paycheck stubs required as proof of income to be uploaded. We ask for the last 3 most recent paystubs.***
2- PROVIDE MLGW BILL WITHIN LAST 30 DAYS.
3- PROVIDE THREE CONSECUTIVE MONTHS OF BANK STATEMENTS SHOWING DEPOSITS FROM AT LEAST TWO PAYROLL TRANSACTIONS.
**Screen shots will not be accepted** Statement must be downloaded in FULL from bank and include all pages from the E-Statement. (All pages must be included.)
4- MUST HAVE 1 YEAR OR MORE RENTAL HISTORY WITH PROVEN VERIFICATION.
5- MUST HAVE 1 YEAR OR MORE WITH CURRENT EMPLOYER.
6- MUST VIEW THE HOME PRIOR TO APPLYING.
7- NO PRIOR EVICTIONS WITHIN THE PAST 5 YEARS. ( THIS INCLUDES RENTAL COLLECTIONS THAT HAVE BEEN PAID AND DISMISSED)
8- IF UNDER OR EVER FILED BANKRUPTCY: NO CHAPTER 7 IS ACCEPTED. FOR CHAPTER 13 IT'S A CASE-TO CASE SITUATION WHERE APPLICANT MAY OR MAY NOT BE QUALIFIED. (YOU ARE APPLYING AT YOUR OWN RISK IF CHAPTER 13 HAS BEEN FILED)
9- NO FELONIES ON BACKGROUND.
***Failure to supply all necessary documents named above at time of submission will result in automatic cancellation/denial of your application and no refund will be given. ***
***Providing false and/or misleading information is grounds for termination of application and complete forfeiture of application fee.
Please visit our website: www.advantagepropertymgmt.com to view photos or to apply for this home online.
If you have any questions please feel free to contact our office at 901-560-7630.
This homeowner has chosen to not be on the voucher program.
(RLNE4872620)
Very Nice Newly Rehabbed Duplex in U of M Area - WE ENCOURGE YOU TO VIEW THIS PROPERTY PRIOR TO APPLYING.
This is a two bedroom one and a half bath duplex that has been freshly painted throughout. There are nice LVT floors in the spacious living room which does have a fireplace and unique spiral staircase to the upstairs.
There is a separate dining area as well that has LVT floors. The bedrooms do have carpet in them and there is a great sized kitchen as well with plenty of storage space and counter space. Very nice duplex that will rent quickly!
Please note that due to the current rental housing shortage in the Memphis area the demand for our available homes is very high. The application review process is taking longer than normal. You should expect a response within 8-10 days.
RENTAL REQUIREMENTS:
1-MUST MAKE 3 TIMES (INCOME AFTER DEDUCTIONS) THE RENT AS PROVEN INCOME EARNED. (IF MOVING FROM OUT OF STATE, YOU MUST SHOW OFFER LETTER FOR EMPLOYMENT)
***Paycheck stubs required as proof of income to be uploaded. We ask for the last 3 most recent paystubs.***
2- PROVIDE MLGW BILL WITHIN LAST 30 DAYS.
3- PROVIDE THREE CONSECUTIVE MONTHS OF BANK STATEMENTS SHOWING DEPOSITS FROM AT LEAST TWO PAYROLL TRANSACTIONS.
**Screen shots will not be accepted** Statement must be downloaded in FULL from bank and include all pages from the E-Statement. (All pages must be included.)
4- MUST HAVE 1 YEAR OR MORE RENTAL HISTORY WITH PROVEN VERIFICATION.
5- MUST HAVE 1 YEAR OR MORE WITH CURRENT EMPLOYER.
6- MUST VIEW THE HOME PRIOR TO APPLYING.
7- NO PRIOR EVICTIONS WITHIN THE PAST 5 YEARS. ( THIS INCLUDES RENTAL COLLECTIONS THAT HAVE BEEN PAID AND DISMISSED)
8- IF UNDER OR EVER FILED BANKRUPTCY: NO CHAPTER 7 IS ACCEPTED. FOR CHAPTER 13 IT'S A CASE-TO CASE SITUATION WHERE APPLICANT MAY OR MAY NOT BE QUALIFIED. (YOU ARE APPLYING AT YOUR OWN RISK IF CHAPTER 13 HAS BEEN FILED)
9- NO FELONIES ON BACKGROUND.
***Failure to supply all necessary documents named above at time of submission will result in automatic cancellation/denial of your application and no refund will be given. ***
***Providing false and/or misleading information is grounds for termination of application and complete forfeiture of application fee.
Please visit our website: www.advantagepropertymgmt.com to view photos or to apply for this home online.
If you have any questions please feel free to contact our office at 901-560-7630.
This homeowner has chosen to not be on the voucher program.
(RLNE4872620)
