Memphis Towers

1081 Court Ave, Memphis, TN 38109

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Connor Bailey, Colleen Carter
Rent Beds Baths SqFt
Call for Rents 1 Bed 1 Bath 475 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Welcome to Memphis Towers, an eight story mid-rise apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Memphis Towers!

The spacious 1 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to the great floor plans and maintenance free living, this community has the amenities you want and deserve. For your pleasure, this community features a relaxing garden area and on-site laundry.

For your benefit, the community's service coordinator is readily available to assist you with your needs such as helping set up home-maker services, getting a city bus pass, or just about anything else! Memphis Towers is ideally situated to give you easy access to the best of what the area has to offer. This community is located a short distance from VA Medical Center, the Medical District of Memphis, and downtown.

Dave's Thoughts On Memphis Towers

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Memphis Towers has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Memphis Towers Amenities

  • Controlled Access
  • Community Room
  • Close to Shopping
  • On-Site Parking
  • Air Conditioning
  • Emergency Pull Cord
  • Utilities Included
  • Refrigerator
  • Resident Service Coordinator
  • Grilling Area
  • Landscaping
  • Stove
  • Electric Range
  • Near Restaurants
  • Close to Entertainment
  • Courtyard
  • Monthly Planned Activities
  • On-Site Laundry

Units at Memphis Towers

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 475ft2 Rent is Based On Your Income

Income Qualification for Memphis Towers

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $17,050 / year $19,720 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $28,350 / year $32,400 / year $36,450 / year $40,500 / year $43,750 / year $47,000 / year $50,250 / year $53,500 / year
50% AMI for PBRA Units $28,350 / year $32,400 / year $36,450 / year $40,500 / year $43,750 / year $47,000 / year $50,250 / year $53,500 / year
60% AMI for LIHTC Units $34,020 / year $38,880 / year $43,740 / year $48,600 / year $52,500 / year $56,400 / year $60,300 / year $64,200 / year
80% AMI for PBRA Units $45,400 / year $51,850 / year $58,350 / year $64,800 / year $70,000 / year $75,200 / year $80,400 / year $85,550 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Memphis Towers

Does Memphis Towers have a waiting list?

Memphis Towers probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Memphis Towers?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Memphis Towers?

Memphis Towers is managed by Millennia Housing Management headquartered in Cleveland, Ohio.

In addition to Memphis Towers, how many other affordable housing properties (and units) are there in Memphis?

In addition to Memphis Towers, we list 204 other affordable properties in Memphis. Learn about these properties here. Our data research shows that there are a total of 21450 affordable units in Memphis.

When was the Memphis Towers listing last updated?

Memphis Towers listing on Affordable Housing Online was last updated on 11/07/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Memphis Towers

Uptown Flat

645 North Main, Memphis, Tennessee 38107

Patterson Flats

250 GE Patterson, Memphis, Tennessee 38106

Saints Court Apartments

994 N. Watkins St., Memphis, Tennessee 38107

Robinhood Park Apartments

3717 Robin Park Circle, Memphis, Tennessee 38111

Hope Heights

383 Madison Ave, Memphis, Tennessee 38103

Latham and Magnolia Terrace

669 N 3rd St, Memphis, Tennessee 38126

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.