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Updated 11 days ago

The Summit Apartments


4981 Hidden Lake Drive Memphis, TN

1 - 3 Bed
•
1 - 2 Bath

594 - 1,246 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$620
594 ft2
1 Available
Managed By:
Updated over 1 month ago

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Ash #06-106
$620
Available Now
View
2 Beds • 2 Bath
$753
960 ft2
1 Available
Managed By:
Updated over 1 month ago

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Elm #07-202
$753
Available Now
View
3 Beds • 2 Bath
$878
1246 ft2
1 Available
Managed By:
Updated over 1 month ago

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Fir #12-107
$878
Available Now
View
Where you'll live
Street View
Map View
Satellite View
The Summit Apartments
The Summit Apartments
The Summit Apartments
Location ratings
Walk Score®
37
Car-Dependent
Transit Score®
19
Minimal Transit
Bike Score®
36
Somewhat Bikeable
Amenities
On-site Laundry
Washer / Dryer Connections
Fitness Center
Refrigerator
Pool
Balcony, Deck, Patio
Range / Oven
Barbecue
Tennis Court
Sports Court
Section 8
Online Payments
Carwash
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Breed Restrictions:

Dog breeds that are restricted: Shepherd, Doberman, Rottweiler, Pit bull, Chow, Bull Mastiff, Wolf-dog hybrid, Great Dane, St Bernard

Number Limit:

2 pet limit

Pet Deposit:

$300 per pet.

Pet Rent:

Monthly pet rent is $20 per pet.

Other:

Other pets that are restricted: Ferrets, Reptiles, Tarantulas, Rodents

Lease & Fees
Application Fee: $55
Property details
Description

it is often said that life has its rewards. Find your rewards here at The Summit. Where luxury and a premium location combine to make it all worthwhile. Where your surrounded by tall trees, serene lakes and lush grounds, with all the amenities and comforts of home that you deserve in Memphis. Where your only minutes away from shopping and entertainment, the heart of Memphis, or the highways that will take you anywhere.

Additional Details
Total Unit Count: 1
Last Updated: Updated 11 days ago
Contact Number: (855) 788-1694
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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 The Summit Apartments by bedroom type below.
1 Bedroom
Suggested income:
$22,300
per year
2 Bedroom
Suggested income:
$27,100
per year
3 Bedroom
Suggested income:
$31,600
per year
Rent report

The Summit Apartments Rent vs. Memphis Average

 The Summit Apartments      Memphis Average
1BR
$620
$997
$0
$350
$700
$1,050
$1,400
2BR
$753
$1,119
$0
$400
$800
$1,200
$1,600
3BR
$878
$1,384
$0
$450
$900
$1,350
$1,800

The Summit Apartments is asking 38% less than the average 1 bedroom apartment in Memphis.

If you upsized to an average priced Memphis 2 bedroom apartment, you would pay 11% more per month.

If you downsized to an average priced Memphis studio apartment, you would pay 10% more per month.

The Summit Apartments provides 19% less square footage than the average Memphis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Summit Apartments
1BR $620 $1.00 $1,860
2BR $753 $0.80 $2,259
3BR $878 $0.70 $2,634
Memphis Average
Studio $1,111 $2.20 $3,332
1BR $997 $1.40 $2,990
2BR $1,119 $1.10 $3,358
3BR $1,384 $1.00 $4,153
4BR $1,676 $0.90 $5,027

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 936 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% 47% 19% 4%
Available Units in Memphis
Studio 72
1BR 519
2BR 936
3BR 372
4BR 83
Location
Nearby Colleges

University of Memphis

Southwest Tennessee Community College

Nearby Hospitals
Name Distance
Methodist Hospital North 2.29 mi.
Encompass Health Rehabilitation Hospital Of North Memphis 2.51 mi.
Baptist Memorial Hospital 5.33 mi.
Nearby Fire Stations
Name Distance
Pennington Gap Volunteer Fire Department 1.84 mi.
Bartlett Fire Department 2.74 mi.
Shelby County Fire Department 4.06 mi.
FAQs
Is this property currently leasing units?
Yes. There are 3 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 3 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 594 to 1,246 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 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $620 to $878. The Summit Apartments has 1 bedroom units available starting at $620, 2 bedroom units available starting at $753, and 3 bedroom units available starting at $878.
Where is this property located?
This property is at 4981 Hidden Lake Drive in Memphis, TN. It's 6.4 miles northeast from the center of Memphis.
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