5 Hours Ago
Highlights
Pet Friendly
Location
4516 Leatherwood Rd, Memphis, TN 38117, USA|Colonial Acres
Tour 4516 Leatherwood Rd
Contact
FirstKey Homes Memphis
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Amenities for 4516 Leatherwood Rd, Colonial Acres
Building
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Storage | Swimming Pool |
Services
| On-Site Management |
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
Dog policy
| Allowed |
|---|
Cat policy
| Allowed |
|---|
Contact for more information on pet policy.
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About 4516 Leatherwood Rd
We make Pre-Leasing easy! Apply now and, once you’re approved, take this home off the market by paying a Pre-Lease Hold Fee; ask your Leasing Professional for more information. Once the home is made ready, we'll notify you that it's available for touring and for you to accept or decline. If you decline the home, we'll be happy to help you find a different home or refund your Hold Fee. This home is currently occupied and coming soon; please respect the current resident’s privacy and do not disturb. Please note that the advertised price may exclude additional fees. These include a mandatory $55 application fee per applicant; a one-time $75 admin fee; a $11 monthly utility management fee; fees for amenities like smart home or internet service; and optional conditional fees for services like self-guided tours with third-party provider Rently ($1.99 to $11.99), pet fees/rent, or pool maintenance, if applicable. HOA application and amenity fees, where applicable, are paid directly to the HOA. Get rewarded for rental payments and more through FirstKey Homes Rewards - a rewarding and fun loyalty program. Get the home you want and the value you deserve with FirstKey Homes. Use our website to Apply Online, Schedule a Self-Tour, Review Resident Qualifications or Search More Homes; or contact our leasing department for help today. Pets are welcome. Apply soon, homes can go fast! 3 bedroom, 1. 5 bathroom rental home in Memphis, TN, may be just the home for you. And large closets/extra storage mean plenty of room for all your things. You’ll appreciate the W/D hookups when it’s laundry time. FirstKey Homes, LLC is an Equal Housing Lessor under the FHA. Applicable local, state and federal laws may apply. Lease terms and conditions apply. This is not an offer to rent—you must submit additional information for review and approval. Listed features may not be accurate; confirm details with a leasing representative. Certain cities and municipalities – including St. Louis and Chicago – require a home inspection prior to a new resident taking possession of the home. If you are leasing a home in one of these areas, please note that your move-in date could be adjusted to accommodate inspection requirements. Please ask your leasing agent for more details. BEWARE OF RENTAL SCAMS: FirstKey Homes exclusively manages our homes (no third-party management). We do not lease homes through, SocialServe, LetGo, Facebook Marketplace or other classified advertising services. All applications and lease signing can only be completed through FirstKeyHomes. com using the RentCafe portal. We will never ask for wire transfers, cash apps like Venmo, Zelle, CashApp PayPal, or any other transferring method to collect funds. See FirstKey Homes website for full details and conditions. Listing photos are provided to help you select a home; all photos shown are for representative and illustrative purposes only but may not be exact. Colors and photo size may vary based on different resolutions, hue, brightness, contrast, or other photo variations. Photos on websites may be modified, changed, or amended at any time. For new construction homes, actual homes may vary, photos may be of similar home/floorplan, home may be under construction and photos may not be of actual home, individual homes, amenities, features, and views may differ. If you have any concerns, please schedule a tour prior to applying or leasing the listed home. Contact us to schedule a showing.
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 4516 Leatherwood Rd compares to other nearby properties.
Positives
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Considerations
- No in-unit dishwasher
- Dishwashers aren't available
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
Address details
| Neighborhood | Colonial Acres |
|---|---|
| Zip code | 38117 |
| Type | House for rent |
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Rent trends in Colonial Acres
3-bedroom apartments at 4516 Leatherwood Rd cost about 5% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Sep 20 2025.
Colonial Acres
Memphis
| Month | Median Rent |
|---|---|
| October 2023 | $1,368 |
| November 2023 | $1,368 |
| December 2023 | $1,368 |
| January 2024 | $1,355 |
| February 2024 | $1,350 |
| March 2024 | $1,378 |
| April 2024 | $1,397 |
| May 2024 | $1,398 |
| June 2024 | $1,397 |
| 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 | $1,374 |
| Month | Median Rent |
|---|---|
| October 2023 | $1,337 |
| November 2023 | $1,328 |
| December 2023 | $1,381 |
| January 2024 | $1,371 |
| February 2024 | $1,435 |
| March 2024 | $1,453 |
| April 2024 | $1,464 |
| May 2024 | $1,427 |
| June 2024 | $1,470 |
| July 2024 | $1,420 |
| August 2024 | $1,418 |
| September 2024 | $1,406 |
| October 2024 | $1,373 |
| November 2024 | $1,408 |
| December 2024 | $1,430 |
| January 2025 | $1,447 |
| February 2025 | $1,484 |
| March 2025 | $1,498 |
| April 2025 | $1,498 |
| May 2025 | $1,493 |
| June 2025 | $1,527 |
| July 2025 | $1,483 |
| August 2025 | $1,407 |
| September 2025 | $1,416 |
Affordability calculator
Can I afford to live at 4516 Leatherwood 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
$58,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $58,800 annually to afford this 3-bedrooms monthly rent price of $1,470.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 2 years ago | $1,425 |
Schools near 4516 Leatherwood Rd
Willow Oaks Elementary School
4417 willow rd
memphis, TN, 38117
PK, K-5Public
C+
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
Ridgeway Early Learning Center
3435 3435 ridge meadow pkwy
memphis, TN, 38115
PKPublic
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Internet available near 4516 Leatherwood Rd
Neighborhood
Colonial Acres | Memphis, TN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 4516 Leatherwood Rd
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
3/10
There are a few mass transit options within the area.
Points of interest for 4516 Leatherwood Rd, Memphis
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
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 5-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
Explore the area around 4516 Leatherwood Rd
Superlo Foods
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Cherry Express
1531 Cherry Rd
ALDI
2765 S Perkins Rd
Tienda Store
2800 S Perkins Rd
Latino City Market Inc
1460 Getwell Rd
Family Dollar
4618 Quince Rd
M&K Suits men's fashion Memphis
2671 S Perkins Rd
Dress Code
2735 S Perkins Rd
Superior
2703 S Perkins Rd
M & K
4696 American Way
Gibson's Donuts
760 Mount Moriah Rd
Starbucks
601 Colonial Rd
Starbucks
5048 Poplar Ave
Dunkin'
5150 Poplar Ave
WFM Coffee Bar
5014 Poplar Ave
The Memphis Sports Pub Inc
5012 Park Ave
Bouji Bar
5405 Fox Plaza Dr
Drumba Hookah 2 Inc
3920 Park Ave
Chili's
4609 Poplar Ave
Huey's Poplar
4872 Poplar Ave
Panaderia Y Pasteleria
4668 American Way
The Vitamin Shoppe
780 Truse Pkwy
Emmy Sprinkles Bake Shop
Whimsy Cookie Company Franchising
4704 Poplar Ave
Cookie Cake Company
4465 Poplar Ave
Goodwin Park
Audubon Park
Halle Park
Walter K Singleton Park
Lichterman Park
Taqueria Y Pupuseria Mariela
1510 Cherry Rd
McDonald's
4642 Quince Rd
Hunt Brothers Pizza
1531 Cherry Rd
Popeyes
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Lennys Grill & Subs
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Willow Road / Sea Isle Road
Perkins
Willow Road / Sea Isle Road
Perkins
Willow Road / Cornelia Lane
Perkins
Willow Road / Dearing Road
Perkins
Willow Road / Dearing Road
Perkins
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