Grand Island Apartments
300 Grand Island Dr,
Memphis, TN 38103
$1,781 - $2,560
1-2 Beds
Area Guide
Mud Island Memphis, TN
The beauty of the Mississippi surrounds this peninsular community
River
•
Nature
•
Upscale
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 June 2026, the average apartment rent in Mud Island is $1,818 for one bedroom, $2,160 for two bedrooms, and $2,417 for three bedrooms. Apartment rent in Mud Island has increased by 1.4% in the past year.
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1 BR
-
842 sq ft
Average Sq Ft
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$1,818/month
Average Rent
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2 BR
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1,188 sq ft
Average Sq Ft
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$2,160/month
Average Rent
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3 BR
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1,392 sq ft
Average Sq Ft
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$2,417/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Mud Island - Memphis, TN is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Limited Public Transit
Transit
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Daily Essentials
Mud Island - Memphis, TN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
60
/ 100
Good Restaurant Variety Nearby
Restaurants
60
/ 100
Limited Café Variety Nearby
Cafes
30
/ 100
Limited Variety of Shops Nearby
Shopping
30
/ 100
Local Vibe
Get a sense of what it’s like to live in Mud Island - Memphis, TN from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
30
/ 100
Good Nightlife Variety Nearby
Nightlife
60
/ 100
Fairly Noisy
Quiet Score
70
/ 100
Scores provided by
Points of Interest
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
Top Apartments in Mud Island
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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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.