Updated 5+ Days Ago
Location
1294 Pallwood Rd, Memphis, TN 38122, USA
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Property Overview
Located in Memphis, this property offers a strong value-for-money position compared with others in the area, along with 25 photos that provide a helpful visual overview. It also has access to public transportation within about 1.15 miles and a grocery store about 2.54 miles away, giving a practical mix of convenience and insight into the home.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Images Available
- Package service
Great for
Pet owners
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 1294 Pallwood Rd
Property Status: Active Office Phone: (901) 820-4367 Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1294 Pallwood Rd compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Zip code | 38122 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
3-bedroom apartments at 1294 Pallwood Rd cost about 19% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Aug 1 2026.
Memphis
| Month | Median Rent |
|---|---|
| August 2024 | $1,396 |
| September 2024 | $1,407 |
| October 2024 | $1,396 |
| November 2024 | $1,395 |
| December 2024 | $1,395 |
| January 2025 | $1,395 |
| February 2025 | $1,395 |
| March 2025 | $1,408 |
| April 2025 | $1,415 |
| May 2025 | $1,436 |
| June 2025 | $1,443 |
| July 2025 | $1,424 |
| August 2025 | $1,399 |
| September 2025 | $1,367 |
| October 2025 | $1,338 |
| November 2025 | $1,314 |
| December 2025 | $1,301 |
| January 2026 | $1,295 |
| February 2026 | $1,295 |
| March 2026 | $1,299 |
| April 2026 | $1,342 |
| May 2026 | $1,368 |
| June 2026 | $1,374 |
| July 2026 | $1,362 |
| August 2026 | $1,350 |
Affordability calculator
Can I afford to live at 1294 Pallwood Rd?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$43,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $43,800 annually to afford this 3-bedrooms monthly rent price of $1,095.
For more information on rent affordability, visit our rent calculator.
Schools near 1294 Pallwood Rd
Wells Station Elementary School
1610 wells station rd
memphis, TN, 38108
PK, K-5Public
C+
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Salome Elementary School
38128 saguaro & main
salome, AZ, 85348
PK, K-8Public
C-
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Internet available near 1294 Pallwood Rd
Neighborhood
Getting around Memphis near 1294 Pallwood Rd
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 1294 Pallwood Rd, Memphis
Groceries
4/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
0/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 30-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
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