Updated 21 Hours Ago
Highlights
Pet Friendly
Location
987 Parkhaven Ln, Memphis, TN 38111, USA
Tour 987 Parkhaven Ln
Contact
Grind City Property Management
Nearby rentals
Property management
Apartments for rent MemphisApartments for rent CordovaApartments for rent Olive BranchApartments for rent SouthavenApartments for rent BartlettApartments for rent OaklandApartments for rent Alliance of Cordova NeighborhoodsApartments for rent ArlingtonApartments for rent Gray's CreekApartments for rent CountrywoodApartments for rent RichwoodApartments for rent Horn LakeApartments for rent ColliervilleApartments for rent Concerned Citizens of Walnut GroveApartments for rent Cordova RidgeApartments Near Me
Houses for rent MemphisHouses for rent GermantownHouses for rent BartlettHouses for rent JonesboroHouses for rent CordovaHouses for rent StrongHouses for rent OaklandHouses for rent DrummondsHouses for rent Sterling RidgeHouses for rent BriarwoodHouses for rent WaynokaHouses for rent CovingtonHouses for rent BlythevilleHouses for rent Park PlaceHouses for rent HernandoHouses for rent near me
Amenities for 987 Parkhaven Ln
Features
| Central Heat | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Assigned Parking | Outdoor Space |
| Storage |
Services
| On-Site Management |
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
Renters Insurance Fee
Monthly. Refund Policy: Non-refundable.
$11.95
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Advertisement
About 987 Parkhaven Ln
Available now - 2 bedroom, 1 bath house for rent in Sherwood Forest (38111) with washer and dryer included, a large backyard, and a deck patio area. This 1,471 square foot home has more livable space than most 2-bedroom rentals in the area. The living room is large, and there is a separate sitting area plus a dedicated dining area, so you are not stuck eating where you relax. A walk-in closet adds extra storage beyond the bedroom closets, and the laundry room is sized to work in, not just to fit a stackable unit - washer and dryer are included, so there is nothing to buy or haul in. The kitchen comes with the refrigerator, stove, and dishwasher, and the home has central heat and air throughout. Out back is a large, fenced-in feel backyard with a deck patio area, perfect for grilling out or just sitting outside, plus driveway parking. Lease terms run 12 to 24 months, so you can lock in longer if that works better for you. The security deposit is the same as one month's rent, and monthly lawn service is included in the rent - one less thing to manage yourself. FEATURES - 2 bedrooms / 1 full bathroom - 1,471 square feet - Large living room - Walk-in closet with additional storage - Sizable laundry room with washer and dryer included - Additional sitting area - Separate dining area - Refrigerator, stove, and dishwasher included - Central heat and air - Large backyard with deck patio area - Driveway parking - Monthly lawn service included in rent - Pets considered case-by-case, pet fee and deposit apply Sherwood Forest sits just east of the University of Memphis, bordered by Park Ave, Rhodes Ave, and Getwell Rd. It is a quick drive to I-240 - about 15 minutes to Downtown Memphis and 20 minutes to the FedEx World Hub via I-240/I-55. Getwell Rd puts groceries and everyday shopping within a few minutes. Zoned for Memphis-Shelby County Schools (Sherwood Elementary and Sherwood Middle). TERMS Rent: $1,250/month (includes monthly lawn service) Security Deposit: $1,250 (same as one month's rent) Available: Now Lease Term: 12 to 24 months Pets: Considered case-by-case - monthly pet fee and non-refundable pet deposit required Utilities: Tenant responsible for all utilities (MLGW, water, gas, electric) SCHEDULE A SHOWING & APPLY ONLINE: www GrindCityPM com APPLICATION REQUIREMENTS - Application & Background Check: FREE - Security Deposit Same as First Month's Rent - 12 Month to 2 Year Lease Terms - Income must be 3x the rent - No evictions or rental judgments in the last 3 years - Utilities must be in tenant's name - MLGW account must be in good standing - All adults (18+) must apply - Criminal background reviewed case-by-case - Pets considered case-by-case - monthly pet fee and non-refundable pet deposit apply Apply Online Today: www GrindCityPM com Questions? Call/Text (901) 910-0924 Grind City Property Management - Equal Housing Opportunity.
Address details
| Zip code | 38111 |
|---|---|
| Type | House for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Memphis
2-bedroom apartments at 987 Parkhaven Ln cost about 28% more than the average rent price for 2-bedroom apartments in Memphis.
Median rents as of Sep 12 2026.
Memphis
| Month | Median Rent |
|---|---|
| September 2024 | $1,175 |
| October 2024 | $1,125 |
| November 2024 | $1,150 |
| December 2024 | $1,146 |
| January 2025 | $1,151 |
| February 2025 | $1,111 |
| March 2025 | $1,107 |
| April 2025 | $1,106 |
| May 2025 | $1,104 |
| June 2025 | $1,095 |
| July 2025 | $1,091 |
| August 2025 | $1,096 |
| September 2025 | $1,096 |
| October 2025 | $1,073 |
| November 2025 | $1,050 |
| December 2025 | $1,026 |
| January 2026 | $1,012 |
| February 2026 | $1,014 |
| March 2026 | $999 |
| April 2026 | $991 |
| May 2026 | $977 |
| June 2026 | $984 |
| July 2026 | $962 |
| August 2026 | $965 |
| September 2026 | $972 |
Affordability calculator
Can I afford to live at 987 Parkhaven Ln?
Bedrooms
2 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
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 2-bedrooms monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.
Schools near 987 Parkhaven Ln
Sherwood Elementary School
1156 robinhood ln
memphis, TN, 38111
PK, K-5Public
C-
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Exceptional Children Special Placements
160 s hollywood
memphis, TN, 38112
PK, K-12Public
Parkway Village Elementary School
3000 claudette rd
memphis, TN, 38118
PK, K-5Public
C-
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
Advertisement
Internet available near 987 Parkhaven Ln
Getting around Memphis near 987 Parkhaven Ln
Walking
5/10
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
2/10
There are a few mass transit options within the area.
Points of interest for 987 Parkhaven Ln, Memphis
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Compare similar properties nearby
University Gardens Manor
Our team has verified this companyRhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
1–2 Beds
$659–$920
- dogs and cats ok
- in-unit laundry
- fitness center
- dogs and cats ok
- in-unit laundry
- fitness center
Link Apartments® Broad Ave
Our team has verified this companyBinghampton-Lester • 2540 Broad Ave
1–2 Beds
$1,149–$3,224
- dogs and cats ok
- in-unit laundry
- fitness center
- dogs and cats ok
- in-unit laundry
- fitness center
The Citizen Apartments
Our team has verified this companyCentral Gardens • 1835 Union Ave
1–2 Beds
$1,312–$3,889
- dogs and cats ok
- in-unit laundry
- fitness center
- dogs and cats ok
- in-unit laundry
- fitness center
The Landing Residences
Our team has verified this companyOne Dr. Martin Luther King Jr. Ave
1–2 Beds
$1,459–$7,529
- dogs and cats ok
- in-unit laundry
- fitness center
The Peabody Collection Apartments
Our team has verified this company125 Gayoso Ave
1–2 Beds
$1,265–$1,745
- dogs and cats ok
- in-unit laundry
- fitness center
University Gardens Manor
Our team has verified this companyRhodes Hollywood Springdale Partnership • 2059 N Cabana Cir
1–2 Beds
$659–$920
- dogs and cats ok
- in-unit laundry
- fitness center
- dogs and cats ok
- in-unit laundry
- fitness center
Link Apartments® Broad Ave
Our team has verified this companyBinghampton-Lester • 2540 Broad Ave
1–2 Beds
$1,149–$3,224
- dogs and cats ok
- in-unit laundry
- fitness center
- dogs and cats ok
- in-unit laundry
- fitness center
The Citizen Apartments
Our team has verified this companyCentral Gardens • 1835 Union Ave
1–2 Beds
$1,312–$3,889
- dogs and cats ok
- in-unit laundry
- fitness center
- dogs and cats ok
- in-unit laundry
- fitness center
The Landing Residences
Our team has verified this companyOne Dr. Martin Luther King Jr. Ave
1–2 Beds
$1,459–$7,529
- dogs and cats ok
- in-unit laundry
- fitness center
The Peabody Collection Apartments
Our team has verified this company125 Gayoso Ave
1–2 Beds
$1,265–$1,745
- dogs and cats ok
- in-unit laundry
- fitness center
Check availability
Apartments for rent in Memphis1883 listings
1883 listings
Cheap apartments in Memphis1,095 listings
1,095 listings
Luxury apartments in Memphis432 listings
432 listings
Short-term rentals in Memphis10 listings
10 listings
Houses for rent in Memphis1171 listings
1171 listings
Cheap houses in Memphis850 listings
850 listings
Luxury houses in Memphis168 listings
168 listings
Furnished houses in Memphis12 listings
12 listings
Pet-Friendly houses in Memphis776 listings
776 listings
2 Bedroom house rentals in Memphis235 listings
235 listings
3 Bedroom house rentals in Memphis886 listings
886 listings
Arlington apartments37 listings
37 listings
Bartlett apartments85 listings
85 listings
Collierville apartments88 listings
88 listings
Cordova apartments144 listings
144 listings
Germantown apartments34 listings
34 listings
Horn Lake apartments55 listings
55 listings
Millington apartments37 listings
37 listings
Olive Branch apartments91 listings
91 listings
Southaven apartments82 listings
82 listings
Alta Vista apartments30 listings
30 listings
Frayser apartments28 listings
28 listings
Rangeline apartments37 listings
37 listings
Advertisement