24 West Colorado

Charming Renovated 1-Bedroom Apartment in Memphis — Affordable, Move-In Ready Discover a well-appointed, renovated 1 bedroom, 1 bathroom apartment at 24 West Colorado Avenue in Memphis, TN. This thoughtfully updated 350 sq ft unit blends efficient layout and classic character from a 1945 building with modern finishes, offering an affordable rental opportunity in a sought-after neighborhood. Rent is $550 per month with a $250 security deposit. The unit is available beginning September 9, 2025, on a 12-month lease.

Bright Interior & Smart Finishes The apartment features a clean renovation that highlights durable tile and comfortable carpet throughout the living and sleeping areas, creating a fresh and low-maintenance environment. The compact floor plan is designed for practicality, with space optimized for comfortable living. Windows bring natural light into the main living area, complementing the neutral finishes and making the space feel welcoming and open despite its efficient footprint.

Amenities & Practical Details This unit is ideal for renters seeking an affordable, move-in ready home. Note the property does not include on-site parking, laundry, or air conditioning; tenants should plan accordingly. Utilities must be placed in the tenant’s name, and applicants should be prepared to activate electrical service upon move-in. An application fee of $45 applies.

Lease Terms & Application Requirements The lease term is 12 months (not month-to-month). To qualify, applicants must meet several straightforward criteria: no evictions, bankruptcies, or judgments in the last five years; consistent employment at the same job for at least one year; and household income of at least twice the monthly rent. These requirements help ensure a stable tenancy and smooth move-in process. Prospective renters are encouraged to drive by the property before applying to confirm the location and neighborhood fit.

Why This Apartment is a Great Choice For individuals or couples seeking a budget-friendly, renovated apartment in Memphis, this unit offers excellent value. Its compact size makes it ideal for those prioritizing location, simplicity, and affordability. The repaired and refreshed interior reduces immediate maintenance concerns, allowing tenants to focus on personalizing the space with their own decor and furnishings.

How to Apply Prepare your documentation to verify employment and income, and be ready to place utilities in your name. The application process includes a $45 fee and screening to confirm eligibility. Drive by 24 West Colorado Avenue to see the property and neighborhood in person before submitting your application.

Available Date & Move-In Information Available from September 9, 2025. Monthly rent: $550. Security deposit: $250. 12-month lease. We welcome responsible renters looking for a clean, renovated apartment in Memphis.