RIDGECREST APTS (MEMPHIS)

LIHTC

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Location

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Building details

Income-restricted units: 256
Total units: 256
Year placed in service: 2011
Construction type: unknown
Affordability period: n/a

Bedroom mix

80 1-bedroom
112 2-bedroom
64 3-bedroom

Fair Market Rent for 38127

Zip-level (SAFMR)

Bedrooms	Local FMR
Studio	$990
1 bedroom	$1,080
2 bedroom	$1,190
3 bedroom	$1,570
4 bedroom	$1,830

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source: HUD Fair Market Rent, FY2026.

Estimated total housing cost for a 2-bedroom unit at FMR: $1,190 rent + $161 utilities = $1,351/mo.

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