Grahamwood Place-New
4045 Summer Ave,
Memphis, TN 38122
$699 - $949
1-3 Beds
Located several miles outside the heart of Memphis, Berclair offers community charm with access to the city. Residents enjoy proximity to several parks, including Gaisman Park and John F. Kennedy Park, ideal for weekend picnics and leisurely strolls. Berclair is dotted with local shops and schools, providing everything you need close to home. The cost of living here is notably affordable, with housing costs about 34% below the national average. This affordability makes it an attractive option for those looking to stretch their dollar further while still enjoying a comfortable lifestyle.
Employment in Berclair is diverse, with most residents commuting to nearby areas for work. The neighborhood is well-connected by major roadways like I-40, streamlining daily commutes to Downtown Memphis. Public transport options include bus stops along Macon Road, allowing residents to travel throughout the neighborhood. An intriguing piece of Berclair’s history is its mid-20th-century housing boom, which reflects in the charming vintage architecture found throughout the neighborhood. Whether you're looking for an affordable alternative to the city or you want to live in a friendly residential community, Berclair presents a balanced lifestyle with its blend of affordability, accessibility, and local charm.
As of December 2025, the average apartment rent in Berclair is $758 for one bedroom, $845 for two bedrooms, and $858 for three bedrooms. Apartment rent in Berclair has increased by 2.0% in the past year.
1 BR
600 sq ft
Average Sq Ft
$758/month
Average Rent
2 BR
784 sq ft
Average Sq Ft
$845/month
Average Rent
3 BR
1,066 sq ft
Average Sq Ft
$858/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.