5+ Days Ago
Highlights
- Storage space
- Central heat & air
- Bright and spacious living area
- Large fenced backyard
Location
5039 Colewood Ave, Memphis, TN 38118, USA|Southeast Memphis
Tour 5039 Colewood Ave
Contact
Foundation Property Management, LLC
Nearby rentals
Renter hub
Property management
Apartments for rent MemphisApartments for rent SouthavenApartments for rent CordovaApartments for rent Olive BranchApartments for rent BartlettApartments for rent Alliance of Cordova NeighborhoodsApartments for rent Gray's CreekApartments for rent OaklandApartments for rent ArlingtonApartments for rent Horn LakeApartments for rent HernandoApartments for rent ColliervilleApartments for rent MillingtonApartments for rent RichwoodApartments for rent Pinnacle PointApartments Near Me
Houses for rent MemphisHouses for rent GermantownHouses for rent Binghampton-LesterHouses for rent South Main Historic DistrictHouses for rent East MidtownHouses for rent Rhodes Hollywood Springdale PartnershipHouses for rent Hollywood-Hyde Park-SpringdaleHouses for rent Idlewild-East End HistoricHouses for rent BartlettHouses for rent Magnolia Barksdale Civic ClubHouses for rent Sea Isle ParkHouses for rent South BluffsHouses for rent GlenviewHouses for rent GardenviewHouses for rent GrahamwoodHouses for rent near me
Amenities for 5039 Colewood Ave, Southeast Memphis
Apartment Amenities
| Central Heat |
Grounds
| Outdoor Space | 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
Advertisement
About 5039 Colewood Ave
Discover this beautiful move-in ready home proudly presented by FPM, where style meets comfort. Welcome to 5039 Colewood Avenue, Memphis, TN 38118! Home Features: - 2 Covered Parking - Hard surface flooring throughout - Bright and spacious living area - Modern kitchen with large shaker cabinets - Central Heat & Air - Large fenced backyard w/ storage space 5039 Colewood Avenue is just w/in walking distance to Evans Elementary School and McFarland Community Center. This property is also close to local restaurants, parks, retail establishments and major highways. Ready to make it yours? Visit our website now to schedule a tour or view more available properties! FPM Website: https foundationpm com rental-search
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 5039 Colewood Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Southeast Memphis |
|---|---|
| Zip code | 38118 |
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Southeast Memphis
3-bedroom apartments at 5039 Colewood Ave cost about 2% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Nov 15 2025.
Southeast Memphis
Memphis
| Month | Median Rent |
|---|---|
| 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 | $1,367 |
| October 2025 | $1,338 |
| November 2025 | $1,313 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,309 |
| January 2024 | $1,302 |
| February 2024 | $1,279 |
| March 2024 | $1,317 |
| April 2024 | $1,398 |
| May 2024 | $1,426 |
| June 2024 | $1,410 |
| July 2024 | $1,363 |
| August 2024 | $1,355 |
| September 2024 | $1,321 |
| October 2024 | $1,295 |
| November 2024 | $1,266 |
| December 2024 | $1,296 |
| January 2025 | $1,348 |
| February 2025 | $1,355 |
| March 2025 | $1,391 |
| April 2025 | $1,330 |
| May 2025 | $1,357 |
| June 2025 | $1,356 |
| July 2025 | $1,364 |
| August 2025 | $1,282 |
| September 2025 | $1,253 |
| October 2025 | $1,230 |
| November 2025 | $1,220 |
Affordability calculator
Can I afford to live at 5039 Colewood Ave?
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
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 3-bedrooms monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.
Schools near 5039 Colewood Ave
Evans Elementary School
4949 cottonwood 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
Advertisement
Internet available near 5039 Colewood Ave
Neighborhood
Southeast Memphis | Memphis, TN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 5039 Colewood Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
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 5039 Colewood Ave, Memphis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
4/10
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
4/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
2/10
Some bars within walking distance
Compare similar properties nearby
- dogs ok
- fitness center
- swimming pool
Monarch on Highland
Our team has verified this companyUniversity of Memphis • 274 South Highland Street
2 Beds
N/A
- dogs ok
- fitness center
- swimming pool
Link Apartments® Broad Ave
Our team has verified this companyBinghampton-Lester • 2540 Broad Avenue
2 Beds
$1,603–$2,955
- dogs ok
- fitness center
- swimming pool
Stonebridge Crossing Apartments
Our team has verified this companyCountrywood • 9135 Morning Ridge Road
2–3 Beds
$1,120–$2,160
- dogs ok
- fitness center
- swimming pool
Arbors River Oaks Apartments
Our team has verified this company225 Arbor Commons Circle
2 Beds
$1,410–$2,284
- dogs ok
- fitness center
- swimming pool
Walnut Hill Apartments
Our team has verified this companyRocky Point Road Corridor • 8920 Walnut Grove Road
2 Beds
$1,285–$2,140
- dogs ok
- fitness center
- swimming pool
University Gardens Manor
Our team has verified this companyRhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
2 Beds
$920
- dogs ok
- fitness center
- swimming pool
Miller Creek at Germantown Apartments
Our team has verified this companyLakes of Forest Hill • 3769 Skipping Stone Trace
2 Beds
$1,452–$2,561
- dogs ok
- fitness center
- swimming pool
- dogs ok
- fitness center
- swimming pool
Monarch on Highland
Our team has verified this companyUniversity of Memphis • 274 South Highland Street
2 Beds
N/A
- dogs ok
- fitness center
- swimming pool
Link Apartments® Broad Ave
Our team has verified this companyBinghampton-Lester • 2540 Broad Avenue
2 Beds
$1,603–$2,955
- dogs ok
- fitness center
- swimming pool
Stonebridge Crossing Apartments
Our team has verified this companyCountrywood • 9135 Morning Ridge Road
2–3 Beds
$1,120–$2,160
- dogs ok
- fitness center
- swimming pool
Arbors River Oaks Apartments
Our team has verified this company225 Arbor Commons Circle
2 Beds
$1,410–$2,284
- dogs ok
- fitness center
- swimming pool
Walnut Hill Apartments
Our team has verified this companyRocky Point Road Corridor • 8920 Walnut Grove Road
2 Beds
$1,285–$2,140
- dogs ok
- fitness center
- swimming pool
University Gardens Manor
Our team has verified this companyRhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
2 Beds
$920
- dogs ok
- fitness center
- swimming pool
Miller Creek at Germantown Apartments
Our team has verified this companyLakes of Forest Hill • 3769 Skipping Stone Trace
2 Beds
$1,452–$2,561
- dogs ok
- fitness center
- swimming pool
Check availability
3 Bedroom apartment rentals in Memphis1101 listings
1101 listings
2 Bedroom house rentals in Memphis249 listings
249 listings
3 Bedroom house rentals in Memphis1018 listings
1018 listings
Advertisement