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Updated 2 hours ago

Colonial Apartments

VERIFIED

5140 Wheelis Dr Memphis, TN

2 Bed
•
2 Bath

1,500 Sq. Ft.

Available Now
Floor plans
2 Beds • 2 Bath
$1,235 - $1,250
1500 ft2
2 Available
Managed By: H.M. Heckle & Co., Inc.
Unit 548801
$1,250
Available Now
View
Unit 548803
$1,235
Available Now
View
View Rented Units
3 Beds • 2 Bath
$1,450 - $1,495
1620 ft2
0 Available
Managed By: H.M. Heckle & Co., Inc.
Unit 000866
$1,450
Rented
View
Unit 5492
$1,495
Rented
View
Unit 000880
$1,495
Rented
View
Unit 000870
$1,495
Rented
View
Unit 000878
$1,495
Rented
View
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 2 hours ago
Contact Number: (901) 479-0997 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:
$44,700
per year
Rent report

Colonial Apartments Rent vs. Memphis Average

 Colonial Apartments      Memphis Average
2BR
$1,243
$1,185
$0
$450
$900
$1,350
$1,800

Colonial Apartments is asking 5% more than the average 2 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 3 bedroom apartment, you would pay 15% more per month.

If you downsized to an average priced Memphis 1 bedroom apartment, you would pay 9% less per month.

Colonial Apartments provides 52% more square footage than the average Memphis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Colonial Apartments
2BR $1,243 $0.80 $3,728
Memphis Average
Studio $1,110 $2.70 $3,329
1BR $1,091 $1.50 $3,272
2BR $1,185 $1.20 $3,556
3BR $1,392 $1.10 $4,177
4BR $1,591 $1.00 $4,772

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 1,404 2BR units on the market in Memphis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 29% 44% 19% 4%
Available Units in Memphis
Studio 100
1BR 926
2BR 1,404
3BR 591
4BR 126
Location
Nearby Colleges

University of Memphis

Southwest Tennessee Community College

FAQs
Is this property currently leasing units?
Yes. There are 2 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units are 1,500 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 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 $1,235 to $1,250. Colonial Apartments has 2 bedroom units available starting at $1,235.
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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