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.
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
$995
$0
$350
$700
$1,050
$1,400
2BR
$753
$1,118
$0
$400
$800
$1,200
$1,600
3BR
$878
$1,383
$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 8% 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
$1,082
$2.20
$3,246
1BR
$995
$1.40
$2,985
2BR
$1,118
$1.10
$3,353
3BR
$1,383
$1.00
$4,149
4BR
$1,687
$1.00
$5,060
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 884 2BR
units on the market in Memphis. If you're looking to negotiate, this may be your best option.
Encompass Health Rehabilitation Hospital Of North Memphis2.51 mi.
Baptist Memorial Hospital5.33 mi.
Nearby Fire Stations
NameDistance
Pennington Gap Volunteer Fire Department1.84 mi.
Bartlett Fire Department2.74 mi.
Shelby County Fire Department4.06 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.