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Updated 3 minutes ago

Colonial Apartments

VERIFIED

5140 Wheelis Dr Memphis, TN

3 Bed
•
2 Bath

1,620 Sq. Ft.

Available Now
Floor plans
2 Beds • 2 Bath
$1,100 - $1,285
1500 ft2
0 Available
Managed By: H.M. Heckle & Co., Inc.
5488 Poplar Avenue #2
$1,100
Rented
View
5486 Poplar Avenue #4
$1,100
Rented
View
Unit 548004
$1,250
Rented
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Unit 548001
$1,285
Rented
View
Unit 548601
$1,285
Rented
View
Unit 547404
$1,285
Rented
View
Unit 549004
$1,250
Rented
View
3 Beds • 2 Bath
$1,450
1620 ft2
1 Available
Managed By: H.M. Heckle & Co., Inc.
Unit 000880
$1,450
Available Now
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View Rented Units
Where you'll live
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Colonial Apartments
Colonial Apartments
Colonial Apartments
Location ratings
Walk Score®
46
Car-Dependent
Bike Score®
60
Bikeable
Amenities
On-site Laundry
Refrigerator
Garbage Disposal
Trash Removal Included
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $300
Property details
Description

2 Bedroom Apartment Home Available - 2 Bedroom Apartment Home Available

(RLNE7148271)

Additional Details
Total Unit Count: 40
Last Updated: Updated 3 minutes ago
Contact Number: (901) 295-6842 ext: 5
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Colonial Apartments by bedroom type below.
3 Bedroom
Suggested income:
$52,200
per year
Rent report

Colonial Apartments Rent vs. Memphis Average

 Colonial Apartments      Memphis Average
3BR
$1,450
$1,361
$0
$500
$1,000
$1,500
$2,000

Colonial Apartments is asking 7% more than the average 3 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 4 bedroom apartment, you would pay 17% more per month.

If you downsized to an average priced Memphis 2 bedroom apartment, you would pay 16% less per month.

Colonial Apartments provides 21% more square footage than the average Memphis 3 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Colonial Apartments
3BR $1,450 $0.90 $4,350
Memphis Average
Studio $1,056 $2.20 $3,168
1BR $1,041 $1.50 $3,123
2BR $1,173 $1.20 $3,520
3BR $1,361 $1.00 $4,084
4BR $1,649 $0.90 $4,948

Availability in Memphis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,083 2BR units on the market in Memphis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 26% 44% 21% 4%
Available Units in Memphis
Studio 90
1BR 645
2BR 1,083
3BR 517
4BR 102
Location
Nearby Colleges

University of Memphis

Southwest Tennessee Community College

Nearby Hospitals
Name Distance
Saint Francis Hospital Memphis 1.85 mi.
Select Specialty Hospital Memphis 1.89 mi.
Baptist Memorial Restorative Care Hospital 1.9 mi.
Nearby Fire Stations
Name Distance
Franklin Township Fire Department 2.1 mi.
Shelby County Fire Department 3.58 mi.
Pennington Gap Volunteer Fire Department 4.66 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 1,620 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 3 bedroom units available.
How many bathrooms are in the available units?
There are 2 bathroom units available.
What's the monthly rent at this property?
Colonial Apartments has a 3 bedroom unit starting at $1,450.
Where is this property located?
This property is at 5140 Wheelis Dr in Memphis, TN. It's 4.8 miles east from the center of Memphis.
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