Short answer: All 22 apartments at Raleigh Pines are the same two-bedroom, one-and-a-half bath layout, so the usual cost question — which unit is cheapest — has no answer here. There is one price to evaluate. The property publishes $850 a month and an $850 deposit on a 12-month lease, read from its own pages on 5 August 2026. Two things sit outside that: the apartment has washer and dryer hookups but no machines, and four terms vary by apartment and are settled only in writing.
One layout means one price to evaluate
Most properties answer the cost question with a range, because they have studios through three-bedrooms and the cheapest number in the brochure belongs to a unit you may not want. Raleigh Pines has 22 apartments and they are all the same two-bedroom, one-and-a-half bath layout of roughly 850 square feet.
That makes this page shorter than the equivalent page for a larger community, and it makes the decision cleaner. There is no cheaper floor plan to move to and no larger one to move up into. If the figure below works for you, it works; if it does not, touring will not change it.
What the rent actually reaches, measured
Rent buys a location as much as a floor plan, and location is measurable. We geocoded each verified destination near the property through the US Census Bureau geocoder and measured the straight-line distance from the building. These are straight-line distances, not walking or drive times — a real route is always longer.
| Destination | What it is | Straight-line |
|---|---|---|
| Wolf River Greenway, Kennedy Park section | Paved, traffic-free trail | 0.14 mi |
| John F. Kennedy Park | Public park | 0.34 mi |
| The Home Depot | Hardware | 1.04 mi |
| Raleigh Springs Civic Center | Library and recreation | 1.07 mi |
| Save A Lot | Grocery | 1.31 mi |
| Kroger, Austin Peay | Grocery | 2.25 mi |
Every one of those sits north of the building, along or just off the Austin Peay corridor. That is the part worth knowing before you sign: one trip in a single direction covers the grocery run and the hardware run together, and the trail is closer than the parking at most places you have toured.
The published figures, and what a published figure is
The property’s own pages state $850 a month, an $850 security deposit and a 12-month lease term. We read those on 5 August 2026 and we quote them with that date attached, because a published price is a snapshot of a moment rather than an offer.
We will not tell you those numbers are what you will pay. Our own approved listing source carries no Memphis unit at the time of writing, which means nobody here can confirm the current figure or current availability. Anyone who quotes you a rent without saying when they read it is telling you less than they appear to be.
The cost most people miss: there are hookups, not machines
Every apartment has washer and dryer hookups. The machines themselves are not supplied. If you already own a set, this is a saving — in-unit laundry without paying a premium for it. If you do not, it is a real first-month cost arriving at the same time as the deposit, and it is the single item renters most often leave out of their sums for this property.
Bring a tape measure to a tour and check the alcove against the machines you have in mind before you sign anything. It is a five-minute check that decides whether a set you already own actually fits.
The four things we do not publish, and why
Utility responsibility, the pet policy, anything due at signing beyond the deposit, and the notice period for ending the lease all vary by apartment. We do not print them here because printing a number that varies is how a renter ends up with a figure they did not plan for.
Ask for all four in writing before you sign. A property that will not put them in writing has told you something useful about how the rest of the tenancy will go.
What this means for the decision
All 22 apartments here are the same two-bedroom, one-and-a-half bath layout of roughly 850 square feet, so there is no cheaper floor plan to move to and no larger one to move up into. The cost question at Raleigh Pines is therefore simpler than at a property with a range of units: it is the published figure, plus laundry if you need it, plus whatever the four written terms turn out to say.
If that total works for you, the layout is the same one every resident here has. If it does not, it will not get cheaper by touring, and it is better to know that now.
Availability and pricing
As of 5 August 2026, according to this property’s own published floor-plan page, the base rent is listed at $850 per month with a matching deposit on a 12 months lease. Pricing and availability both change, so the listings page — not this page — is the current source of truth.
Wider Memphis context
This page covers one property. For the broader picture, ELM Property Management maintains the area guides:
Frequently asked questions
Is $850 the price I will pay?
It is the figure published on the property’s own pages, read on 5 August 2026. Our approved listing source carries no Memphis unit at the time of writing, so nobody here can confirm it as current. Check current availability and ask for a figure in writing.
Does the apartment come with a washer and dryer?
No. Every apartment has hookups; the machines are yours to bring. That is a saving if you own a set and a first-month cost if you do not.
What should I get in writing before signing?
Utility responsibility, the pet policy and any pet rent, anything due at signing beyond the deposit, and the notice period for ending the lease. All four vary by apartment.
Is there a cheaper unit here?
No. All 22 apartments are the same two-bedroom, one-and-a-half bath layout, so there is no smaller or cheaper floor plan at this property.
Next step
Tell us your move-in date and we will tell you honestly what is open, what is not, and what happens next.
Property details on this page come from Raleigh Pines’ own published information, last checked 5 August 2026. Square footage is approximate. Pet policy, utility responsibility and any fees beyond the published deposit are confirmed in writing for the specific apartment rather than published here, because they can vary by unit.