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Updated 20 minutes ago

Colonial Apartments

VERIFIED

5140 Wheelis Dr Memphis, TN

2 - 3 Bed
•
2 Bath

1,500 - 1,620 Sq. Ft.

Available Now
Floor plans
2 Beds • 2 Bath
$1,200 - $1,250
1500 ft2
3 Available
Managed By: H.M. Heckle & Co., Inc.
Unit 547404
$1,200
Available Now
View
Unit 548204
$1,200
Available Now
View
Unit 548801
$1,250
Available Now
View
View Rented Units
3 Beds • 2 Bath
$1,495
1620 ft2
1 Available
Managed By: H.M. Heckle & Co., Inc.
Unit 5492
$1,495
Available Now
View
View Rented Units
Where you'll live
Street View
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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 - 500

Property details
Description

2 Bedroom Apartment Home Available - 2 Bedroom Apartment Home Available
(RLNE7148271)

Additional Details
Total Unit Count: 40
Last Updated: Updated 20 minutes ago
Contact Number: (901) 567-2150 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.
2 Bedroom
Suggested income:
$43,800
per year
3 Bedroom
Suggested income:
$53,800
per year
Rent report

Colonial Apartments Rent vs. Memphis Average

 Colonial Apartments      Memphis Average
2BR
$1,217
$1,226
$0
$400
$800
$1,200
$1,600
3BR
$1,495
$1,409
$0
$500
$1,000
$1,500
$2,000

Colonial Apartments is asking 1% less than the average 2 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 3 bedroom apartment, you would pay 13% more per month.

If you downsized to an average priced Memphis 1 bedroom apartment, you would pay 16% less per month.

Colonial Apartments provides 46% more square footage than the average Memphis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Colonial Apartments
2BR $1,217 $0.80 $3,650
3BR $1,495 $0.90 $4,485
Memphis Average
Studio $1,071 $2.20 $3,212
1BR $1,054 $1.50 $3,161
2BR $1,226 $1.20 $3,677
3BR $1,409 $1.10 $4,228
4BR $1,688 $1.00 $5,064

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 1,077 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% 27% 45% 19% 4%
Available Units in Memphis
Studio 106
1BR 648
2BR 1,077
3BR 447
4BR 97
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 are 4 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 4 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 1,500 to 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 2 and 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?
Rent on available units ranges from $1,200 to $1,495. Colonial Apartments has 2 bedroom units available starting at $1,200 and 3 bedroom units available starting at $1,495.
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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