Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Central heat & air
  • Hard surface flooring throughout
  • Bright and spacious living area
  • Large fenced backyard

Location

5572 Crepe Myrtle Drive #1, Memphis, Tennessee 38115, United States

Tour 5572 Crepe Myrtle Drive #1

Contact

Foundation Property Management LLC

(844) 311-4757 ext. 7079

Property Overview

Located just 0.37 miles from a top-rated elementary school, this property offers convenience for those prioritizing education options nearby. With 24 photos available, potential renters can easily visualize the space and assess its suitability. Additionally, it ranks in the 72.22 percentile for value for money compared to other properties in the area, highlighting its affordability relative to the local housing market.

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

  • Less expensive
  • Elementary school nearby
  • Fireplace

Great for

  • Pet owners

Amenities for 5572 Crepe Myrtle Drive #1

Apartment Amenities

Ceiling FanCentral Heat
FireplaceHeating
MirrorsTile Floors
Window Coverings

Tech

Climate Control

Building

Cats OKDogs OK
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

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 5572 Crepe Myrtle Drive #1

HomeHouses in Memphis 5572 Crepe Myrtle Drive #1, Memphis, Tennessee 38115, United States

Coming Soon! ZERO Security Deposit available for qualified Obligo applicants. Welcome to 5572 Crepe Myrtle Drive, Memphis, TN 38115! Home Features: - Hard surface flooring throughout - Bright and spacious living area - Fireplace - Modern kitchen with large shaker cabinets - Central Heat & Air - Large fenced backyard Conveniently located near Power Center Academy Middle-Hickory Hill and Compass Community School (Hickory Hill). 5572 Crepe Myrtle Dr 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 5572 Crepe Myrtle Dr, Memphis, TN 38115, USA compares to other nearby properties.

Positives

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary school 0.4 mile away
Fireplace
Upgraded in-unit features
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

Address details

Zip code38115
TypeHouse for rent

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Rent trends in Memphis

3-bedroom apartments at 5572 Crepe Myrtle Drive #1 cost about 2% more than the average rent price for 3-bedroom apartments in Memphis.

Median rents as of Dec 13 2025.
Memphis
A table of 3-bedroom apartment rental data trends in Memphis
MonthMedian Rent
December 2023$1,375
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$1,314
December 2025$1,304

Affordability calculator

Can I afford to live at 5572 Crepe Myrtle Drive #1?

Bedrooms

3 bedrooms

Rent-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

$53,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $53,000 annually to afford this 3-bedrooms monthly rent price of $1,325.
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.
Check out the past listing prices for monthly rent at 5572 Crepe Myrtle Drive, Memphis, TN.
1 year ago$1,2953 bed2 bath
1 year ago$1,2953 bed2 bath
1 year ago$1,2953 bed2 bath
2 years ago$1,2953 bed2 bath
3 years ago$1,2953 bed2 bath

Schools near 5572 Crepe Myrtle Drive #1

Hickory Ridge Elementary School

3890 hickory hill rd

memphis, TN, 38115

PK, K-5Public
C+

Ridgeway Early Learning Center

3435 3435 ridge meadow pkwy

memphis, TN, 38115

PKPublic

Shrine School

4259 forest view dr

memphis, TN, 38118

PK, K-12Public

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
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Internet available near 5572 Crepe Myrtle Drive #1

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Memphis near 5572 Crepe Myrtle Drive #1

Walking

4/10
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 5572 Crepe Myrtle Drive #1, Memphis

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Variety of shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 30-minute walk

High schools

4/10
No high schools within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

2/10
Few or no bars within walking distance

Other units at this address

5572 Crepe Myrtle Dr Memphis, TN

Occupied

3 Beds, 2 Baths

3 Beds

2 Baths

$1,295

Days on market: 529
Immediate Move-In Available! This newly renovated home won't last long! ZERO Security Deposit required for qualified applicants. Ask us about our Appliance Package. Washer/Dryer hook-up Central Air/Central Heat Available. Welcome to 5572 Crepe Myrtle Drive, a stunning single-family home nestled in the vibrant community of Memphis, TN 38115. This beautifully updated residence offers an ideal combination of modern amenities, spacious living areas, and a prime location, making it the perfect place to call home. Experience the perfect blend of comfort, style, and convenience at 5572 Crepe Myrtle Drive. Schedule your private showing today and see why this house is the perfect place to call home! Call 901-602-5737 TODAY to schedule your self-access viewing and see everything this home has to offer! Use our LIVE CHAT feature on the website to speak with a representative. Se Habla Español. Click this link and watch the video: https vimeo com 306475717 to learn How the self-access scheduling and lockbox work? ZERO deposit available for qualified residents.

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