5+ Days Ago
Highlights
- Dishwasher
- Soaking tub
- Prime location
- Walk-in closets
- Refrigerator
- Carpeting
Location
8516 Shady Elm Dr, Cordova, TN 38018, USA|Alliance of Cordova Neighborhoods
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Amenities for 8516 Shady Elm Dr, Alliance of Cordova Neighborhoods
Apartment Amenities
| Carpet | Walk-in Closet |
Appliances
| Dishwasher |
Grounds
| 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.
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About 8516 Shady Elm Dr
Property Status: Active Beautiful 3-bedroom, 2.5-bath home with a bright open floor plan and soaring ceilings in the living room. The kitchen opens to the dining and living areas, making it perfect for everyday living and entertaining. Kitchen comes fully equipped with a stove, dishwasher, refrigerator, and microwave, and all appliances are only one year old. The primary suite features new flooring, and a private, spacious bathroom with a separate shower and soaking tub, two nice walk-in closets. Upstairs, there are two bedrooms with carpeting and closets, and a full bathroom. Fenced cute backyard. Prime location: • 5 minutes driving to Kroger, Walmart, or International farmers markets and restaurants. • Walking distance to the Greenline. • Less than 10 minutes driving to Shelby Farms Park. This home offers a great combination of space, comfort, and convenience in a highly desirable area. Call for more information! Office Phone: (901) 221-4041 Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 8516 Shady Elm Dr compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
- Walk-in closet
- More closet space on average
Address details
| Neighborhood | Alliance of Cordova Neighborhoods |
|---|---|
| Zip code | 38018 |
| Type | House for rent |
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Rent trends in Alliance of Cordova Neighborhoods
3-bedroom apartments at 8516 Shady Elm Dr cost about 1% more than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Feb 28 2026.
Alliance of Cordova Neighborhoods
Memphis
| Month | Median Rent |
|---|---|
| March 2024 | $1,396 |
| 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 | $1,301 |
| January 2026 | $1,295 |
| February 2026 | $1,295 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,881 |
| April 2024 | $1,813 |
| May 2024 | $1,795 |
| June 2024 | $1,803 |
| July 2024 | $1,754 |
| August 2024 | $1,730 |
| September 2024 | $1,775 |
| October 2024 | $1,773 |
| November 2024 | $1,766 |
| December 2024 | $1,778 |
| January 2025 | $1,770 |
| February 2025 | $1,768 |
| March 2025 | $1,824 |
| April 2025 | $1,885 |
| May 2025 | $1,917 |
| June 2025 | $1,915 |
| July 2025 | $1,864 |
| August 2025 | $1,831 |
| September 2025 | $1,802 |
| October 2025 | $1,790 |
| November 2025 | $1,759 |
| December 2025 | $1,790 |
| January 2026 | $1,800 |
| February 2026 | $1,807 |
Affordability calculator
Can I afford to live at 8516 Shady Elm Dr?
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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 3-bedrooms monthly rent price of $1,850.
For more information on rent affordability, visit our rent calculator.
Schools near 8516 Shady Elm Dr
Riverwood Elementary School
1330 stern ln
cordova, TN, 38016
PK, K-5Public
B
Riverdale Elementary School
7391 neshoba rd
germantown, TN, 38138
PK, K-8Public
A
Farmington Elementary School
2085 cordes rd
germantown, TN, 38138
PK, K-5Public
A
Dogwood Elementary School
8945 dogwood rd
germantown, TN, 38139
PK, K-5Public
A
Altruria Elementary School
6641 deermont dr
bartlett, TN, 38134
PK, K-5Public
A-
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Internet available near 8516 Shady Elm Dr
Neighborhood
Alliance of Cordova Neighborhoods | Memphis, TN
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Cordova near 8516 Shady Elm Dr
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
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 8516 Shady Elm Dr, Cordova
Groceries
3/10
No grocery stores within walking distance
Shopping
4/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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