Property management
in Downtown.
We price Downtown on its own block-by-block comps, never a citywide average, and manage it with one local team that knows this part of Memphis.
Free, instant, no obligation. Enter your address for a live comp-backed rent estimate. Or call (901) 244-2911.
Where Downtown sits in the Memphis area.
Downtown by the numbers
The same data we use to price and underwrite our own portfolio, with the sample behind each figure shown.
A bit of Downtown history
The city's commercial and cultural heart on the Mississippi River bluffs. Includes the Beale Street Historic District, Court Square (Memphis's oldest park, 1828), the Pinch District, and the Medical District. Anchored by FedExForum, AutoZone Park, and the Memphis Cook Convention Center.
For owners, Downtown is a rental-demand market. Our typical-rent figure here is built on 37 live comps, so the number is grounded rather than guessed. We price each property to its own block and screen for residents who will stay.
Homes we manage in Downtown
We already operate here. A live look at what that means on the ground.
How we can run it
Common questions about Downtown property management
Does Longstep manage rental property in Downtown?
Yes. Longstep manages long-term and short-term rentals in Downtown with one local team, in-house cleaning and maintenance at cost, and every fee disclosed up front.
What can I rent a home for in Downtown?
Typical rent in Downtown runs about $1,550 a month, with most homes between $1,095 and $2,200 depending on size and condition, and rentals lease in a median of 71 days. The most reliable number is your own address, which you can check free above.
What does a Downtown home earn as a short-term rental?
Across 345 active Downtown short-term listings the typical nightly rate is about $147 at roughly 50% occupancy. Well-equipped, professionally managed homes tend to run above that.
What does Longstep charge to manage a Downtown rental?
Long-term management is 8% of collected rent plus a one-time placement fee; short-term is 10% all-in. Maintenance and cleaning are in-house at cost, with no third-party markup.
Properties in Downtown
A sample of Downtown addresses with rent comps, short-term comps, or a recorded renovation on file. Open one for its county value, estimated rent, and renovation history.
What would your Downtown property rent for?
Send us the address. We pull the real comps for that exact street and show you the long-term and short-term picture, free.
Free, no obligation. Or call (901) 244-2911.