11 Hours Ago
Location
5055 Cheston Ave, Memphis, TN 38118, USA|Southeast Memphis
Tour 5055 Cheston Ave
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Advantage Property Management
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About 5055 Cheston Ave
This home features gorgeous, newly refinished hardwood floors that flow seamlessly through the spacious rooms. Designed for both comfort and convenience, the layout offers ample living space and a functional carport. Perfect for those seeking a move-in-ready property with timeless character and modern updates. We encourage you to view this property prior to applying. To schedule a viewing please call 901-347-3148. To apply for properties, please visit www advantagepropertymgmt com Looking for the perfect rental property? Let Advantage Property Management welcome you home. We have proudly earned our A+ rating with the BBB due to our exceptional customer service, thorough communication and prioritization of our clients. We, too, live and work in Memphis and understand the value of locally owned business. We are proud to be a family owned and operated company that has served our great city for over 15 years and would love to offer our exceptional customer service to you as well. Come experience the Advantage Way. Welcome home. We are proud to offer: 24/7 Maintenance Team: Reporting maintenance issues has never been easier whether it’s online or by phone. After hours issues? No problem! Our dedicated staff work diligently to provide fast service when you need us most. 100% Vetted Vendor Network: We work hard to build long-term relationships with our vendors. Each vendor is screened thoroughly to ensure that everyone servicing your home is reliable, professional, and insured. Online Tenant Portal: Everything you need to take care of business in one place! Rent payments, maintenance requests, contact forms and more can be accessed directly through your online portal. Rental Requirements: -Must make 3 times the rent, and must provide 3 most recent paystubs as proof of income (if moving from out of state, you must show an offer letter of employment) -Must be in good standing with MLGW (provide a recent MLGW bill within the last 30 days) -Provide 3 consecutive bank statements. (Screenshots will not be accepted, statements must be downloaded in full and include all pages from the E-statement. All pages MUST be included.) -Preferred to have one year or more rental history (must upload a copy of a recent tenant ledger) -Preferred to have one year or more with current employer -No prior evictions within the last 5 years (includes rental collections that have been paid and dismissed), no felonies, and no bankruptcy. ***Please note that failure to supply all necessary documents at time of submission will result in automatic cancellation/denial of your application and no refund of the application fee will be given. Providing false and/or misleading information is grounds for termination of application and complete forfeiture of application fee. *** If you have any questions, give us a call at 901-347-3148.
Address details
| Neighborhood | Southeast Memphis |
|---|---|
| Zip code | 38118 |
| Type | House for rent |
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Rent trends in Southeast Memphis
3-bedroom apartments at 5055 Cheston Ave cost about 6% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Apr 18 2026.
Southeast Memphis
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 |
| Month | Median Rent |
|---|---|
| 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 | $1,218 |
| December 2025 | $1,223 |
| January 2026 | $1,223 |
| February 2026 | $1,212 |
| March 2026 | $1,204 |
| April 2026 | $1,244 |
Affordability calculator
Can I afford to live at 5055 Cheston 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
$47,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $47,800 annually to afford this 3-bedrooms monthly rent price of $1,195.
For more information on rent affordability, visit our rent calculator.
Schools near 5055 Cheston 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
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-
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Internet available near 5055 Cheston Ave
Getting around Memphis near 5055 Cheston Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5055 Cheston Ave, Memphis
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
2/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
3/10
Some bars within walking distance
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