Zumper
modified
5+ Days Ago

Highlights

  • Private patio
  • Central heat & air
  • Updated kitchen
  • Recently remodeled
  • Near shops
  • Quiet community

Location

4860 Chesterwood Drive #1, #1, Memphis, Tennessee 38118, United States

Tour 4860 Chesterwood Drive #1

Contact

Spartan Investment Solutions

(844) 906-0739 ext. 8959

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

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About 4860 Chesterwood Drive #1

HomeApartments in Memphis 4860 Chesterwood Drive #1, #1, Memphis, Tennessee 38118, United States

Recently remodeled and move-in ready! This spacious condo features 2 bedrooms with private baths, a guest half-bath, updated kitchen, central heat & air, and a private patio. Located in a quiet community near shops, schools, and major highways.


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 4860 Chesterwood Drive #1 compares to other nearby properties.

Positives

More space
The 2-bedroom is 811 sqft larger than other listings nearby
Middle school nearby
There is a middle school 1 mile away
Elementary school nearby
There is an elementary school 0.3 mile away

Address details

Zip code38118
TypeCondo for rent

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Rent trends in Memphis

2-bedroom apartments at 4860 Chesterwood Drive #1 cost about 12% more than the average rent price for 2-bedroom apartments in Memphis.

Median rents as of Dec 13 2025.
Memphis
A table of 2-bedroom apartment rental data trends in Memphis
MonthMedian Rent
December 2023$1,000
January 2024$1,010
February 2024$1,007
March 2024$1,003
April 2024$1,024
May 2024$1,053
June 2024$1,046
July 2024$1,081
August 2024$1,107
September 2024$1,164
October 2024$1,125
November 2024$1,150
December 2024$1,146
January 2025$1,151
February 2025$1,111
March 2025$1,107
April 2025$1,106
May 2025$1,104
June 2025$1,095
July 2025$1,091
August 2025$1,096
September 2025$1,096
October 2025$1,073
November 2025$1,050
December 2025$1,039

Affordability calculator

Can I afford to live at 4860 Chesterwood Drive #1?

Bedrooms

2 bedrooms

Rent-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

$46,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,000 annually to afford this 2-bedrooms monthly rent price of $1,150.
For more information on rent affordability, visit our rent calculator.

Schools near 4860 Chesterwood Drive #1

Cromwell Elementary School

4989 cromwell rd

memphis, TN, 38118

PK, K-5Public
C

Shrine School

4259 forest view dr

memphis, TN, 38118

PK, K-12Public

Ridgeway Early Learning Center

3435 3435 ridge meadow pkwy

memphis, TN, 38115

PKPublic

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
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Internet available near 4860 Chesterwood Drive #1

Getting around #1 near 4860 Chesterwood Drive #1

Walking

4/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 4860 Chesterwood Drive #1, #1

Groceries

4/10
At least one supermarket within a 20-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

3/10
Some bars within walking distance

Explore the area around 4860 Chesterwood Drive #1

La Fiesta
3500 S Mendenhall Rd
Z Market
5393 Winchester Rd
La Fiesta
3124 S Perkins Rd
Superlo Foods
3071 S Perkins Rd
Arnold Knight Grocery Inc
5281 Knight Arnold Rd

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