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Amenities for 4998 Penwood Cv
Features
| Air Conditioning | Carpet |
| Fireplace |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 4998 Penwood Cv
Your estimated total monthly payment is: $1,122.89 The total estimated monthly payment is comprised of the following: Mandatory Fees: Base Rent - $1,075 Damage Waiver Fee - $14.95 Smart Home Fee - $22.95 (smart front door lock and smart thermostat) Utility Management - $9.99 (services for managing utility accounts) Additionally, a one-time set-up fee of $30.00 is charged on your first month's bill. Optional Fees: Animal Fees - Approved animals incur a non-refundable pet fee of $250 per animal and a monthly pet rent of $30 per animal (subject to applicable law). Pet fees and pet rent do not apply to service or support animals. Please note that we have breed restrictions, including but not limited to Pit Bull Terriers, Doberman Pinschers, Rottweilers, Staffordshire Terriers, German Shepherds, Chows, Bull Mastiffs, Huskies, Alaskan Malamutes, Wolf Dog Hybrids, Great Danes, St. Bernards, Akitas, and Rhodesian Ridgebacks, as well as any mixed breeds containing these types. Security Deposit: A cash security deposit range from one to one and a half months’ rent is due prior to moving-in. Cash security deposits are eligible for refund upon vacating the home, less deductions for damages, unpaid rent or other charges, in each case subject to applicable law. Other Fees: In addition to the total monthly payment, Tenant(s) are also responsible for additional costs including, but not limited to, utilities, optional services, conditional and other applicable charges. All fees are subject to change and will be outlined in the lease agreement. Tours: To ensure a secure process, please schedule tours and apply for our properties exclusively through the official Evergreen Live website. Property Description: Spacious 3 Bed, 2 Bath, 1,470 sq ft home features a beautiful kitchen with black cabinets and granite countertops, finished flooring in main areas, and carpet in the bedrooms for added comfort. Relax in the cozy living room with a nice brick fireplace—perfect for cool evenings. A great blend of style and space—don’t miss it! Listing Disclosures: All leasing information is believed to be accurate; however, photos are representative only and may not reflect current appliances and/or features of the home. Square footage is estimated, and prices, specials and dates may change without notice and are not guaranteed until a lease agreement is executed. Application: An application fee of $50 per applicant for 18 and over is required, and the minimum lease term is one year (12 months). Completed applications are reviewed on a first-come, first-served basis, and the security deposit varies based upon TransUnion Resident Score credit criteria. You must have a verifiable source of income that is at least three times the monthly rent. After you submit your lease application, all adult applicants receive an invitation from our income verification service, Payscore, with a link to guide you through your income verification. All applicants must complete the process within 48 hours of receiving an invite or your application may be delayed or not approved. This home accepts Housing Choice Vouchers! Please ensure your Housing Voucher, RTA Packet, and Affordability Sheet (if applicable) is attached to your application as proof of income. Please be aware that rental fraud and rental scams are on the rise. Evergreen Live will never ask you to pay any amounts in cash, transfer money via wire, prepaid or digital gift cards, send MoneyGram, or request funds through..
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 4998 Penwood Cv compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- More space
- The 3-bedroom is 178 sqft larger than other listings nearby
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 2 miles away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 38118 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
3-bedroom apartments at 4998 Penwood Cv cost about 20% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Apr 18 2026.
Memphis
| Month | Median Rent |
|---|---|
| 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 | $1,367 |
| 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 | $1,340 |
Affordability calculator
Can I afford to live at 4998 Penwood 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
$43,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $43,000 annually to afford this 3-bedrooms monthly rent price of $1,075.
For more information on rent affordability, visit our rent calculator.
Schools near 4998 Penwood Cv
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
Parkway Village Elementary School
3000 claudette rd
memphis, TN, 38118
PK, K-5Public
C-
Westhaven Elementary School
4585 hodge rd
memphis, TN, 38109
PK, K-5Public
C-
Alcy Elementary
1750 e alcy rd
memphis, TN, 38114
PK, K-5Public
C-
Geeter School
4649 horn lake rd
memphis, TN, 38109
PK, K-8Public
C-
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Internet available near 4998 Penwood Cv
Getting around Memphis near 4998 Penwood Cv
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 4998 Penwood Cv, Memphis
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
2/10
Few or no shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
3/10
Some restaurants within walking distance
Primary schools
0/10
Closest elementary school further than a 30-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
0/10
Few or no bars within walking distance
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