Updated 15 Hours Ago
Location
5040 Colewood Ave #1, Memphis, TN 38118, USA|Southeast Memphis
Tour 5040 Colewood Ave #1
Contact
River City Asset Management
Nearby rentals
Property management
Apartments for rent MemphisApartments for rent CordovaApartments for rent SouthavenApartments for rent Olive BranchApartments for rent OaklandApartments for rent BartlettApartments for rent Gray's CreekApartments for rent Alliance of Cordova NeighborhoodsApartments for rent Horn LakeApartments for rent ArlingtonApartments for rent CountrywoodApartments for rent RichwoodApartments for rent Cordova RidgeApartments for rent ColliervilleApartments for rent MillingtonApartments Near Me
Houses for rent MemphisHouses for rent GermantownHouses for rent CordovaHouses for rent BartlettHouses for rent Red AcresHouses for rent Uptown MemphisHouses for rent DrummondsHouses for rent WaynokaHouses for rent Olive BranchHouses for rent Sterling RidgeHouses for rent BrownsvilleHouses for rent BriarwoodHouses for rent CovingtonHouses for rent StrongHouses for rent HernandoHouses for rent near me
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Advertisement
About 5040 Colewood Ave #1
HABLAMOS ESPANOL!!!:) Enjoy the benefits of a fully renovated interior, generous square footage, and comfortable living spaces designed to fit today's lifestyle. This home is perfect for a growing family. Schedule your showing today and come see everything this beautiful home has to offer!
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 5040 Colewood Ave #1 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- More space
- The 3-bedroom is 221 sqft larger than other listings nearby
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 5040 Colewood Ave #1 cost about 33% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Jul 18 2026.
Southeast Memphis
Memphis
| Month | Median Rent |
|---|---|
| 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 | $1,342 |
| May 2026 | $1,368 |
| June 2026 | $1,374 |
| July 2026 | $1,366 |
| Month | Median Rent |
|---|---|
| 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 | $1,218 |
| December 2025 | $1,223 |
| January 2026 | $1,223 |
| February 2026 | $1,212 |
| March 2026 | $1,204 |
| April 2026 | $1,252 |
| May 2026 | $1,283 |
| June 2026 | $1,313 |
| July 2026 | $1,356 |
Affordability calculator
Can I afford to live at 5040 Colewood Ave #1?
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
$71,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,800 annually to afford this 3-bedrooms monthly rent price of $1,795.
For more information on rent affordability, visit our rent calculator.
Schools near 5040 Colewood Ave #1
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
Parkway Village Elementary School
3000 claudette rd
memphis, TN, 38118
PK, K-5Public
C-
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-
Advertisement
Internet available near 5040 Colewood Ave #1
Neighborhood
Southeast Memphis | Memphis, TN
Getting around Memphis near 5040 Colewood Ave #1
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
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 5040 Colewood Ave #1, Memphis
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
5/10
Variety of shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
3/10
Some bars within a short drive
Explore the area around 5040 Colewood Ave #1
Rooster Market
2898 S Perkins Rd
La Fiesta
3124 S Perkins Rd
Arnold Knight Grocery Inc
5281 Knight Arnold Rd
Tienda Store
2800 S Perkins Rd
Stepherson, Incorporated
5150 American Way
Givens E Clothiers
5316 Cottonwood Rd
Suits U
4835 American Way
East Memphis Outlet-SCH Uniform
3109 S Mendenhall Rd
Family Dollar
3141 S Mendenhall Rd
School Uniform Headquarters & More
3110 S Perkins Rd
C K's Coffee Shop
5370 Winchester Rd
Milk With Tea
6063 Mount Moriah Road Ext
Memphis Grindhouse Coffee
3885 S Perkins Rd
Rawgirls East Memphis
5502 Poplar Ave
Starbucks
5048 Poplar Ave
C Fu Chinese
3135 S Mendenhall Rd
745-Cash.com
5353 Knight Arnold Rd
Bouji Bar
5405 Fox Plaza Dr
Getaway Sports Bar
4632 Winchester Rd
Memphis Area Usbc
2756 Mount Moriah Pkwy
Panaderia
3127 S Mendenhall Rd
Panaderia Y Pasteleria
4668 American Way
Right Stuff Health
5650 Mount Moriah Rd
MJ Donuts & Coffee
4608 Winchester Rd
Walmart Deli
2856 Hickory Hill Rd
McFarland Park
Walter K Singleton Park
Wilson Park
Arthur Halle Stadium
Willow Park
C Fu Chinese
3135 S Mendenhall Rd
Hunt Brothers Pizza
2898 S Perkins Rd
Pollo Asados La Paisana
2898 S Perkins Rd
Taqueria Y Rosticeria JQLT
2898 S Perkins Rd
Chester's
2799 S Mendenhall Rd
Cottonwood Road / Landview Cove
Southeast Circulator
Cottonwood Road / Pride Cove
Southeast Circulator
Cottonwood Road / Pride Cove
Southeast Circulator
Cottonwood Road / Landview Cove
Southeast Circulator
Cottonwood Road / Churchill Street
Southeast Circulator
Compare similar properties nearby
Link Apartments® Broad Ave
Our team has verified this companyBinghampton-Lester • 2540 Broad Ave
2 Beds
$2,072–$3,782
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
The Peabody Collection Apartments
Our team has verified this company125 Gayoso Ave
2 Beds
$1,710–$1,740
- dogs and cats ok
- in-unit laundry
- dishwasher
The Citizen Apartments
Our team has verified this companyCentral Gardens • 1835 Union Ave
2 Beds
$2,070–$3,808
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
Link Apartments® Broad Ave
Our team has verified this companyBinghampton-Lester • 2540 Broad Ave
2 Beds
$2,072–$3,782
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
The Peabody Collection Apartments
Our team has verified this company125 Gayoso Ave
2 Beds
$1,710–$1,740
- dogs and cats ok
- in-unit laundry
- dishwasher
The Citizen Apartments
Our team has verified this companyCentral Gardens • 1835 Union Ave
2 Beds
$2,070–$3,808
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
Check availability
2 Bedroom house rentals in Memphis215 listings
215 listings
3 Bedroom house rentals in Memphis890 listings
890 listings
Advertisement