22 Hours Ago
Highlights
- Quiet residential neighborhood
- On-site laundry facility
- Cozy apartment homes
Location
516 Sharon Dr, Memphis, TN 38122, USA
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Property Overview
Shady Oaks Apartments is rated 8.5 out of 10 by Zumper, highlighting its competitive pricing and excellent amenities, which received a rating of 9 out of 10. Situated in a quiet residential neighborhood, it features an on-site laundry facility and cozy apartment homes, with convenient access to a highly rated elementary school just 0.2 miles away and a grocery store approximately 2.9 miles away. The property ranks in the 75th percentile for value compared to other nearby options, reflecting its strong appeal for renters seeking quality living.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Less expensive
- Laundry available on site
Floor plans
| 1/1 | 1 bed | 1 bath | 500 sqft | $595 /mo | 1 unit available | SPECIAL!! MOVE IN TODAY AND ENJOY HALF OFF RENT THE FIRST TWO MONTHS!! Shady Oaks Apartments are located in the quaint and quiet residential High Point Terrace Neighborhood. Cozy 1 and 2 Bedroom Apartment Homes are equipped with refrigerator, stove, dishwashers and central heat and air. There is also an on-site laundry facility for your convenience. This is a must see unit!! It will not last long!! Call our agent at 901-281-4441 or our offices at 901-272-8658 to schedule a showing. Please take a look at www kismetproperties com for additional properties. |
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Amenities for Shady Oaks Apartments
Apartment Amenities
| Air Conditioning |
Appliances
| Central Air & Heat | Dishwaher |
| Range | Refrigerator |
Grounds
| Stove and Refrigerator |
Services
| Laundy on Site | Water & Garbage |
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
Contact for more information on pet policy.
Building details
Property details
| Units | 26 |
|---|
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About Shady Oaks Apartments
SPECIAL!! MOVE IN TODAY AND ENJOY HALF OFF RENT THE FIRST TWO MONTHS!! Shady Oaks Apartments are located in the quaint and quiet residential High Point Terrace Neighborhood. Cozy 1 and 2 Bedroom Apartment Homes are equipped with refrigerator, stove, dishwashers and central heat and air. There is also an on-site laundry facility for your convenience. This is a must see unit!! It will not last long!! Call our agent at 901-281-4441 or our offices at 901-272-8658 to schedule a showing. Please take a look at www kismetproperties com for additional properties.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, Shady Oaks Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Shady Oaks Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Shady Oaks Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Shady Oaks Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including laundy on site. Renters looking for popular or luxurious features will find them here—and for that reason, Shady Oaks Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Shady Oaks Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Shady Oaks Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Shady Oaks Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Shady Oaks Apartments compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Memphis
1-bedroom apartments at Shady Oaks Apartments cost about 39% less than the average rent price for 1-bedroom apartments in Memphis.
Median rents as of Sep 6 2025.
Memphis
| Month | Median Rent |
|---|---|
| September 2023 | $650 |
| October 2023 | $650 |
| November 2023 | $650 |
| December 2023 | $650 |
| January 2024 | $650 |
| February 2024 | $650 |
| March 2024 | $650 |
| April 2024 | $705 |
| May 2024 | $769 |
| June 2024 | $765 |
| July 2024 | $885 |
| August 2024 | $1,110 |
| September 2024 | $1,155 |
| October 2024 | $1,160 |
| November 2024 | $1,148 |
| December 2024 | $1,172 |
| January 2025 | $1,220 |
| February 2025 | $1,211 |
| March 2025 | $1,196 |
| April 2025 | $1,217 |
| May 2025 | $1,225 |
| June 2025 | $1,210 |
| July 2025 | $1,195 |
| August 2025 | $1,194 |
| September 2025 | $1,150 |
Affordability calculator
Can I afford to live at 516 Sharon Dr?
Bedrooms
1 bedroomRent-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
$23,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $23,800 annually to afford this 1-bedroom monthly rent price of $595.
For more information on rent affordability, visit our rent calculator.
Schools near Shady Oaks Apartments
Grahamwood Elementary School
3950 summer ave
memphis, TN, 38122
PK, K-5Public
B+
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
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
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Internet available near Shady Oaks Apartments
Getting around Memphis near 516 Sharon Dr
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.
Points of interest for 516 Sharon Dr, Memphis
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
2/10
No high schools within a 30-minute walk
Parks
5/10
Limited amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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