Live with Wonder.
A boutique collection of Studio, One, and Two Bedroom Apartments for rent in Memphis, TN. A new away of apartment living has arrived in Memphis. Formerly home to the original Wonderbread Bakery, The Rise is now creating a place and space for wonderful things. Amenities that inspire. Apartments that indulge. Class A in every way. Come home to our apartments for rent in Memphis, TN, and be amazed. Discover the home you deserve at The Rise and start your lease today!
The Rise
420 Monroe Ave, Memphis, TN 38103
Verified
Apartment building
Studio-2 beds
Pet-friendly
Detached garage
In-unit laundry (W/D)
Available units
Price may not include required fees and charges. Price shown reflects the lease term provided for each unit.
 Unit 2424 Studio, 1 ba | 532 | Jan 5 | $1,317 |
 Unit 1427 Studio, 1 ba | 576 | Now | $1,356 |
 Unit 2303 Studio, 1 ba | 660 | Nov 26 | $1,402 |
 Unit 1206 1 bd, 1 ba | 648 | Nov 2 | $1,599 |
 Unit 1326 1 bd, 1 ba | 768 | Now | $1,739 |
 Unit 1116 2 bd, 2 ba | 1,155 | Dec 12 | $2,189 |
 Unit 2314 2 bd, 2 ba | 1,095 | Jan 12 | $2,199 |
What's special
Office hours
| Day | Open hours |
|---|---|
| Mon - Fri: | 8:30 am - 5:30 pm |
| Sat: | 10 am - 5 pm |
| Sun: | Closed |
Facts, features & policies
Building Amenities
Community Rooms
- Club House: Community Clubroom with Business Center & WI-FI
- Fitness Center: State of the Art Fitness Center
Other
- In Unit: Washer and Dryer Included
- Swimming Pool
Security
- Gated Entry: Gate
Services & facilities
- Bicycle Storage
- Pet Park
- Valet Trash
Unit Features
Appliances
- Dryer: Washer and Dryer Included
- Washer: Washer and Dryer Included
Flooring
- Hardwood: Hardwood Style flooring.
- Tile: Porcelain tile
Internet/Satellite
- Cable TV Ready: High-Speed Internet and Cable Ready
Policies
Parking
- Detached Garage: Garage Lot
- Garage: Multi-Level Parking Garage Area
- Parking Lot: Other
Lease terms
- 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16
Pet essentials
Restrictions
breed restrictions visit community for details.
Additional details
Rent $25 per pet.
Pet amenities
Pet Park
Special Features
- Concierge: On-Site Mailboxes and Large Package Concierge Room
- Custom Cabinetry With Quartz Countertops
- Generous Closet Spaces
- Gourmet Kitchens Featuring Stainless Appliances
- Private Outdoor Patios And Balconies*
- Spacious Floorplans
- Usb Outlets In Kitchen / Bedroom Area
Neighborhood: Downtown
Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Getting around
Walk Score®
 / 100
Very WalkableTransit Score®
 / 100
Some TransitBike Score®
 / 100
Very BikeableNearby schools in Memphis
Downtown Elementary School
Grades PK-5 • 0.3 miles2/10
GreatSchools® Rating
Test Score Rating
2/10Student Progress Rating
2/10Memphis Grizzlies Preparatory Charter School
Grades 5-8 • 0.5 miles7/10
GreatSchools® Rating
Test Score Rating
4/10Student Progress Rating
10/10Manassas High School
Grades 9-12 • 2.1 miles3/10
GreatSchools® Rating
Test Score Rating
1/10College Readiness Rating
2/10Student Progress Rating
5/10Living in Memphis
Downtown Memphis sits along the Mississippi River, with bluffs, river views and humid summers alongside mild winters. Beale Street, the Peabody Hotel and the National Civil Rights Museum give the area a strong sense of place and history. Tom Lee Park offers riverfront paths and open space, while Main Street and nearby blocks bring cafés, restaurants, live music and nightlife within an urban setting. The South Main Arts District adds galleries and cultural stops, and downtown shopping ranges from everyday services to specialty shops. The trolley and bus network connect downtown with other parts of Memphis; walking is convenient on many central streets, though driving is useful for longer trips. For the Downtown neighborhood, the median rent is $1,150 per month, with a typical range of $100 to $5,000.
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Frequently asked questions
Where is The Rise located, and what is the neighborhood like?
The Rise is located at 420 Monroe Ave in Downtown, Memphis, TN. The surrounding area includes multiple restaurants and cafes within 2 miles, such as Boycott Coffee, French Truck Coffee, and Starbucks.
What is the average rent in Memphis, TN?
Based on the latest Zillow data, the median rent across all unit types in the Downtown neighborhood of Memphis is currently $1,150 per month. Prices vary by neighborhood, floor plan, and building amenities.
What schools are assigned to The Rise?
The schools assigned to The Rise include Downtown Elementary School, Memphis Grizzlies Preparatory Charter School, and Manassas High School.
What are the grocery stores and everyday shopping options near The Rise?
The Rise is located near 5 grocery stores, including ALDI (0.5 miles) and City Market Groceries & Deli (0.6 miles). Additional shopping options, including Lansky Lucky Duck Gifts, are approximately 0.5 miles away.
What is the minimum and maximum rent for The Rise?
The total price for an apartment unit in The Rise ranges from $1,317 to $2,199. The total price will vary by floor plan, unit size, and unit amenities.
