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Location
309 Fernway Cv, Memphis, TN 38117, USA
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About 309 Fernway Cv
Property Status: Active Do not approach - tenant occupied - tenant rights Beautiful house in a great East Memphis cove 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 309 Fernway Cv compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- More space
- The 3-bedroom is 411 sqft larger than other listings nearby
- High school nearby
- There is a high school 0.4 mile away
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Images Available
- There are at least 10 photos of this address
Address details
| Zip code | 38117 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
3-bedroom apartments at 309 Fernway Cv cost about 80% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of May 30 2026.
Memphis
| Month | Median Rent |
|---|---|
| June 2024 | $1,396 |
| July 2024 | $1,399 |
| August 2024 | $1,398 |
| 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 |
Affordability calculator
Can I afford to live at 309 Fernway Cv?
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
$100,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 3-bedrooms monthly rent price of $2,500.
For more information on rent affordability, visit our rent calculator.
Schools near 309 Fernway Cv
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
Richland Elementary School
5440 rich rd
memphis, TN, 38120
PK, K-5Public
A-
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
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Internet available near 309 Fernway Cv
Neighborhood
Getting around Memphis near 309 Fernway Cv
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 309 Fernway Cv, Memphis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
2/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
Explore the area around 309 Fernway Cv
Casa Perez
4880 Summer Ave
Jerusalem Market & Restaurant
4794 Summer Ave
ALDI
4720 Summer Ave
Great China Food Market
5137 Summer Ave
Restaurant Depot
5299 Summer Ave
Sachi
397 N Perkins Rd
Holloway Fur
673 Avon Rd
Prime Mens & Ladies Alterations
5119 Summer Ave
Hibbett Sports
4312 Summer Ave
Holloway Furs
404 Perkins Extd
Starbucks
4730 Summer Ave
Rent-A-Chill
123 N Oak Grove Rd
Starbucks
540 S Mendenhall Rd
Ugly Mug Coffee
4610 Poplar Ave
WFM Coffee Bar
5014 Poplar Ave
Highpocket's
5099 Old Summer Rd
Bubba's Ale House & Grille
4497 Summer Ave
Lynchburg Legends Bar
5069 Sanderlin Ave
Huey's Poplar
4872 Poplar Ave
Chili's
4609 Poplar Ave
Tortillaeria Launica
5015 Summer Ave
Charlie's Meat Market
4790 Summer Ave
Kay Bakery
667 Avon Rd
Great China Food Market
5137 Summer Ave
Penzeys Spices
418 Perkins Extd
Avon Park
Playground
JJ Brennan Park
Park
Park
Yang's Deli
4985 Summer Ave
Sumbakergp
5041 Summer Ave
The Lotus Restaurant
4970 Summer Ave
Tortillaeria Launica
5015 Summer Ave
Pancake Shop
4838 Summer Ave
Walnut Grove Road / Fernway Road
Central & Walnut Grove
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Central & Walnut Grove
Walnut Grove Road / Shepherd Lane
Central & Walnut Grove
Walnut Grove Road / Lake Drive
Central & Walnut Grove
Walnut Grove Road / Laverne Lane
Central & Walnut Grove
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