Grand Island Apartments
300 Grand Island Dr,
Memphis, TN 38103
$1,449 - $2,879
1-3 Beds
Mud Island
Memphis, TN
Mud Island - Memphis, TN
Area Guide
The beauty of the Mississippi surrounds this peninsular community
River
•
Nature
•
Upscale
•
Charming
•
Mud Island isn’t actually an island, but a scenic peninsula just across Wolf River Harbor from Downtown Memphis. Predominately comprised of Mud Island Park and River Walk — both of which provide amazing views of the Mississippi River — there are a few Mud Island rentals near Interstate 40. Yachts and boats bob in the Harbor Town marina, luxury condos line the Wolf River, and joggers take in sunset runs along Greenbelt Park. Today more than 5,000 people live here enjoying the waterfront charm of the peninsula. The interstate will carry you into Downtown Memphis in just minutes, while the surrounding river provides endless recreation and beauty.
Rent Trends
As of January 2026, the average apartment rent in Mud Island is $1,530 for one bedroom, $1,758 for two bedrooms, and $2,034 for three bedrooms. Apartment rent in Mud Island has decreased by -4.0% in the past year.
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1 BR
-
842 sq ft
Average Sq Ft
-
$1,530/month
Average Rent
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2 BR
-
1,188 sq ft
Average Sq Ft
-
$1,758/month
Average Rent
-
3 BR
-
1,392 sq ft
Average Sq Ft
-
$2,034/month
Average Rent
Transportation
48
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
53
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
44
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Mississippi River Museum at Mud Island
- Memphis Zoo
- Children's Museum of Memphis
- Sharpe Planetarium
- T. O. Fuller State Park
Commuter Rail
Military Bases
Airports
- Memphis International
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Methodology
† 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.