2 Days Ago
Highlights
Pet Friendly
- 24-hour maintenance line
- Easy access to interstate
Location
4540 Spring Valley Dr, Memphis, TN 38128, USA
Tour 4540 Spring Valley Dr
Contact
Nearby rentals
Renter hub
Property management
Apartments for rent MemphisApartments for rent CordovaApartments for rent Olive BranchApartments for rent SouthavenApartments for rent BartlettApartments for rent Horn LakeApartments for rent OaklandApartments for rent Alliance of Cordova NeighborhoodsApartments for rent CountrywoodApartments for rent Gray's CreekApartments for rent ArlingtonApartments for rent ColliervilleApartments for rent HernandoApartments for rent Cordova RidgeApartments for rent RichwoodApartments Near Me
Houses for rent MemphisHouses for rent GermantownHouses for rent Rhodes Hollywood Springdale PartnershipHouses for rent JonesboroHouses for rent East MidtownHouses for rent GlenviewHouses for rent Orange Mound Civic OrgganizationHouses for rent Sea Isle ParkHouses for rent Southeast MemphisHouses for rent Hadley and PrescottHouses for rent Binghampton-LesterHouses for rent White Station-YatesHouses for rent Victorian VillageHouses for rent Idlewild-East End HistoricHouses for rent GrahamwoodHouses for rent near me
Property Overview
A 24-hour maintenance line enhances convenience, while easy access to the interstate offers efficient travel options. Its proximity to the nearest grocery store, just over 0.001 miles away, and a highly-rated elementary school within 0.47 miles add to its appeal. Additionally, belonging to the 93.62 percentile for value in the area suggests a competitive investment opportunity.
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- Elementary school nearby
- Images Available
Great for
Pet owners
Amenities for 4540 Spring Valley Dr
Apartment Amenities
| Carpet | Central Heat |
Building
| Business Center | Cats OK |
| Dogs OK | Onsite Laundry |
Grounds
| Storage |
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.
Advertisement
About 4540 Spring Valley Dr
Adorable 3 bedroom, 1 bathroom home located in Raleigh. Living Room*Dining Room*Kitchen* Appliances: Electric Stove/Oven Hooks-Ups*Vent a Hood* Laundry Room*Pull Down Attic* Luxury Vinyl Planks*Tile*Carpet* Storage Closet*Driveway* Security/Storm Doors*Central Heat/Air* Cozy 3 bedroom, 1 bathroom house located in Raleigh offers the perfect blend of convenience and charm. Situated just 10 minutes from the interstate, you'll have easy access to all that Memphis has to offer. Spend your weekends exploring the Memphis Zoo and Overton Park, both only a 15-minute drive away, providing ample outdoor activities while remaining close to the city. On Saturdays and Sundays, visit the Memphis International Flea Market for unique finds, local artwork, and fresh food. Enjoy the nearby Raleigh Community Center and Harry C. Pierotti Park for fun and relaxation right in your neighborhood. This home is a fantastic combination of city living and outdoor adventures, offering everything you need just outside your door! This property is professionally managed by Mid-South Home Rentals. We provide a 24-hour maintenance line with night, weekend, and holiday calls on major plumbing and HVAC calls. Qualifications - We are seeking a credit score of 525 or higher with an emphasis on recent rental history and good standing with MLGW. WE REQUIRE AT LEAST 3(THREE) TO 5(FIVE) BUSINESS DAYS FOR APPLICATION PROCESS. To schedule an appointment to view a property, please call Christal at (901) 430-4117. 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 4540 Spring Valley Dr compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.5 mile away
- 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 | 38128 |
|---|---|
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Memphis
3-bedroom apartments at 4540 Spring Valley Dr cost about 28% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Sep 13 2025.
Memphis
| Month | Median Rent |
|---|---|
| September 2023 | $1,350 |
| 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 | $1,388 |
Affordability calculator
Can I afford to live at 4540 Spring Valley Dr?
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
$39,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 3-bedrooms monthly rent price of $995.
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.| This month | $995 |
Schools near 4540 Spring Valley Dr
Keystone Elementary School
4301 old allen rd
memphis, TN, 38128
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-
Ida B. Wells Academy
995 s lauderdale st
memphis, TN, 38126
K-8Public
C-
Advertisement
Internet available near 4540 Spring Valley Dr
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 4540 Spring Valley Dr
Walking
2/10
You’ll need another mode of transportation for getting around. Scooter, anyone?
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
2/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 4540 Spring Valley Dr, Memphis
Groceries
0/10
Closest supermarket further than a 30-minute walk
Shopping
2/10
Few or no shops within walking distance
Cafes
0/10
Few or no cafés within walking distance
Restaurants
3/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
0/10
Few or no bars within walking distance
Compare similar properties nearby
University Gardens Manor
Our team has verified this companyRhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
2 Beds
$709–$920
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
Monarch on Highland
Our team has verified this companyUniversity of Memphis • 274 S Highland St
2 Beds
N/A
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
Victorian Village • 560 S Jefferson Pl
2 Beds
$1,100
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
University Gardens Manor
Our team has verified this companyRhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
2 Beds
$709–$920
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
Monarch on Highland
Our team has verified this companyUniversity of Memphis • 274 S Highland St
2 Beds
N/A
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
Victorian Village • 560 S Jefferson Pl
2 Beds
$1,100
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
- dogs and cats ok
- on-site laundry
- fitness center
Check availability
3 Bedroom apartment rentals in Memphis1036 listings
1036 listings
2 Bedroom house rentals in Memphis221 listings
221 listings
3 Bedroom house rentals in Memphis963 listings
963 listings
Advertisement