2 Days Ago
Location
5023 Penwood Cv, Memphis, TN 38118, USA
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Amenities for 5023 Penwood Cv
Apartment Amenities
| Carpet | Ceiling Fan |
Building
| Carport | Laundry Hookups |
| Onsite Laundry |
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
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5023 Penwood Cv
ZERO ADMIN FEES! And our application is FREE! Applications are processed the same day and an agent will be reaching out to you immediately upon approval. This home is currently under renovation so it's not quite ready for showings, but we are accepting deposits from approved applicants. Our homes rent on a 'first come, first served' basis, and they rent fast! So if the home you want is no longer available, the good news is we're always adding new properties to our list. You'll need to have an approved application & all supporting documents on file before we can accept a deposit on a property, so we recommend you also go ahead and start our application process if you haven't already. Check out our website for app link & listings!
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 5023 Penwood Cv compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 148 sqft larger than other listings nearby
- 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 2 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Greater distance from grade schools
- The nearest elementary 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 5023 Penwood Cv cost about 5% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Mar 7 2026.
Memphis
| Month | Median Rent |
|---|---|
| March 2024 | $1,397 |
| 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 | $1,367 |
| October 2025 | $1,338 |
| November 2025 | $1,314 |
| December 2025 | $1,301 |
| January 2026 | $1,295 |
| February 2026 | $1,295 |
| March 2026 | $1,295 |
Affordability calculator
Can I afford to live at 5023 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
$49,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,400 annually to afford this 3-bedrooms monthly rent price of $1,235.
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.| 3 years ago | $1,195 |
Schools near 5023 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 5023 Penwood Cv
Getting around Memphis near 5023 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 5023 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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