Comptroveby RentSpire

Cleaborn Pointe at Heritage Landing

360 S Lauderdale St, Memphis, TN, 38126

Market rate 278 units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Moderate

Asking & effective rent by bedroom

Average asking rent across observed units: $1,198. Average effective rent: $1,198.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,265$1,265not observed13
1 bedroom$978$978not observed4

HUD Fair Market Rent gap

HUD area: Memphis, TN-MS-AR HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
University Place Apartments Memphis, TN 0.86 mi not observed 64%
Madison Midtown Apartments in Memphis, Tennessee Memphis, TN 1.92 mi $1,776 31%

Sources & provenance

Sourced from https://www.pennrose.com/apartments/tennessee/cleaborn-pointe-at-heritage-landing/ — 17 observation(s), last observed Jul 28, 2026.

Data age: 20 days. Last observed: Jul 28, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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