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Updated 5+ Days Ago
Highlights
Pet Friendly
Location
2049 Pennel Cove, Memphis, TN 38116, USA
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Property management
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Property Overview
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- Fireplace
- Images Available
Great for
Pet owners
Amenities for 2049 Pennel Cove
Community
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
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About 2049 Pennel Cove
Check out this stunning 4 Bedroom, 2 Bath home. Located in 38116, this home features plenty of living space! Including a newly updated kitchen, large family room, cute bath and a HUGE backyard! Call to book a tour of your new home today!!! Call us today at (901) 334-1919 to schedule an appointment and visit our website at www premierpropertymemphis com Qualifications: Income must be at least 3x the rent No evictions, convictions, bankruptcies, or collections Minimum credit score of 550 (If credit score is between 500-549 approval with additional deposit may be possible) Must be able to prove income (2 most recent check stubs & bank statements) Valid state issued id Self employed applicants must provide 6 months of bank statements and last 2 years tax returns Proof of rental history (rent ledger/computer generated payment history or landlord contact info so we can confirm timely payments- please note: rental history older than 6 months will not be accepted) Disclosures: - application fees are non-refundable - must be 18 or older to apply - standard lease is 2 years (2nd year rent increases $25-$50) - deposits are equal to rent amount but may increase based on credit, background, rental history - deposits are non refundable once approval terms have been accepted and house has been removed from the market - deposits will only hold a house off the market for 2 weeks at which time the prospective resident will be required to sign the lease and pay the remaining move in cost. - Applicants who remove a home from the market and fail to complete the closing process for any reason within the allotted time will forfeit the holding deposit and the house will be placed back on the market.
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 2049 Pennel Cove compares to other nearby properties.
Positives
- Less expensive
- The 4-bedrooms are cheaper than other similar listings nearby
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Zip code | 38116 |
|---|---|
| Type | House for rent |
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Available rentals nearby
Rent trends in Memphis
4-bedroom apartments at 2049 Pennel Cove cost about 40% less than the average rent price for 4-bedroom apartments in Memphis.
Median rents as of Sep 12 2026.
Memphis
| Month | Median Rent |
|---|---|
| September 2024 | $1,695 |
| October 2024 | $1,713 |
| November 2024 | $1,734 |
| December 2024 | $1,745 |
| January 2025 | $1,783 |
| February 2025 | $1,742 |
| March 2025 | $1,754 |
| April 2025 | $1,750 |
| May 2025 | $1,743 |
| June 2025 | $1,703 |
| July 2025 | $1,697 |
| August 2025 | $1,695 |
| September 2025 | $1,702 |
| October 2025 | $1,659 |
| November 2025 | $1,664 |
| December 2025 | $1,650 |
| January 2026 | $1,650 |
| February 2026 | $1,610 |
| March 2026 | $1,611 |
| April 2026 | $1,650 |
| May 2026 | $1,629 |
| June 2026 | $1,621 |
| July 2026 | $1,631 |
| August 2026 | $1,643 |
| September 2026 | $1,648 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 9 years ago | $995 |
Schools near 2049 Pennel Cove
Oakshire Elementary School
1765 e holmes rd
memphis, TN, 38116
PK, K-5Public
C-
Westhaven Elementary School
4585 hodge rd
memphis, TN, 38109
PK, K-5Public
C-
Geeter School
4649 horn lake rd
memphis, TN, 38109
PK, K-8Public
C-
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
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Internet available near 2049 Pennel Cove
Getting around Memphis near 2049 Pennel Cove
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 2049 Pennel Cove, Memphis
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
4/10
No elementary schools within a 30-minute walk
High schools
1/10
No high schools within a 30-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
0/10
Few or no bars within walking distance
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