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Updated 5+ Days Ago
Highlights
Pet Friendly
Location
5166 Peg Ln, Memphis, TN 38117, USA
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Property management
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Property Overview
Located near public transit and a top-rated middle school, with a grocery store under 2 miles away and 17 photos for a clearer preview, this home offers convenient access to everyday needs. Nearby pet services and available outdoor spaces also make it appealing for pet owners.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- Balcony
- Fireplace
Great for
Pet owners
Amenities for 5166 Peg Ln
Features
| Deck | Fireplace |
| Hardwood Floor | Walk-in Closet |
Community
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Assigned Parking | Off-Street Parking |
| Outdoor Space |
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
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
About 5166 Peg Ln
Welcome to this beautifully landscaped home located in the vibrant city of Memphis, TN. This charming brick exterior house boasts three spacious bedrooms, including a primary suite with a walk-in closet, and 1.5 updated bathrooms. The home features hardwood floors throughout, adding a touch of elegance and warmth. The eat-in kitchen is a chef's dream with plenty of cabinet space for all your culinary needs. The living area is accentuated with a cozy fireplace, perfect for those chilly evenings. Step outside to a large deck overlooking a generous backyard, ideal for outdoor entertaining. The home also offers a large separate laundry room for your convenience. Additional amenities include a covered front porch, plantation blinds/shutters, and a double-wide driveway leading to a covered parking space. With off-street parking also available, parking will never be an issue. Experience the perfect blend of comfort and convenience in this Memphis gem. All Collaborate Real Estate Group, LLC residents are enrolled in the Resident Benefits Package (RBP) for $45.00/month which includes liability insurance, credit building to help boost the resident’s credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! Residents are also enrolled in Group Rate Internet (GRI) for $59.00/month which makes internet set up a breeze! More details upon application. Brick Exterior Covered Front Porch Double Wide Driveway Eat In In Kitchen Large Backyard Large Deck Large Separate Laundry Room Lots Of Cabinets In Kitchen Mature Landscaping Plantation Blind/Shutters Updated Bathrooms Walkin Closet In Primary Suite
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 5166 Peg Ln compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.6 miles away
- Balcony
- Easy access to the outdoors
- Fireplace
- In-unit features
- Images Available
- There are at least 10 photos of this property
- Laundry available on site
- Washers and dryers are available in-building
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.6 miles away
Address details
| Zip code | 38117 |
|---|---|
| Type | House for rent |
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Available rentals nearby
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Our team has verified this company1012 Coolidge Cv
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6300 Branderham Dr, Memphis, TN, 38134
Our team has verified this company6300 Branderham Dr
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7179 Raleigh Lagrange Rd, Cordova, TN, 38018
Our team has verified this company7179 Raleigh Lagrange Rd
3 Beds
$1,765
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.Normal Station • 3649 Marion Ave
3 Beds
$1,525
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Colonial Acres • 4781 Hummingbird Ln
3 Beds
$1,550
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.6991 Presmond Rd, Cordova, TN, 38018
Our team has verified this company6991 Presmond Rd
3 Beds
$1,620
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.6883 Show Boat Ln, Cordova, TN, 38018
Our team has verified this company6883 Show Boat Ln
3 Beds
$1,625
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.1247 Trotters Stop Cv, Cordova, TN, 38018
Our team has verified this company1247 Trotters Stop Cv
3 Beds
$1,620
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.1012 Coolidge Cv, Cordova, TN, 38018
Our team has verified this company1012 Coolidge Cv
3 Beds
$1,765
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.6300 Branderham Dr, Memphis, TN, 38134
Our team has verified this company6300 Branderham Dr
3 Beds
$1,520
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.7179 Raleigh Lagrange Rd, Cordova, TN, 38018
Our team has verified this company7179 Raleigh Lagrange Rd
3 Beds
$1,765
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.Rent trends in Memphis
3-bedroom apartments at 5166 Peg Ln cost about 26% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Oct 31 2026.
Memphis
| Month | Median Rent |
|---|---|
| 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 | $1,362 |
| August 2026 | $1,350 |
| September 2026 | $1,350 |
| October 2026 | $1,350 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 1 year ago | $1,599 |
Schools near 5166 Peg Ln
Richland Elementary School
5440 rich rd
memphis, TN, 38120
PK, K-5Public
A-
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Riverdale Elementary School
7391 neshoba rd
germantown, TN, 38138
PK, K-8Public
A
Getting around Memphis near 5166 Peg Ln
Walking
4/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 5166 Peg Ln, Memphis
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
3/10
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
6/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
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