5+ Days Ago
Location
5198 Walton Lake Dr, Memphis, TN 38118, USA
Tour 5198 Walton Lake Dr
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Amenities for 5198 Walton Lake Dr
Apartment Amenities
| Carpet | Ceiling Fan |
| Fireplace | Off Street |
Appliances
| Dishwasher |
Building
| Laundry Hookups | Onsite Laundry |
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
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5198 Walton Lake Dr
ZERO ADMIN FEES! And our application is FREE! You'll need to have an approved application & all supporting documents on file before we can accept a deposit on a property, so we recommend you also go ahead and start our application process if you haven't already. Check out our website for app link & listings! Applications are processed the same day and an agent will be reaching out to you immediately upon approval.
Address details
| Zip code | 38118 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
3-bedroom apartments at 5198 Walton Lake Dr cost about 2% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Jan 24 2026.
Memphis
| Month | Median Rent |
|---|---|
| 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 | $1,301 |
| January 2026 | $1,295 |
Affordability calculator
Can I afford to live at 5198 Walton Lake 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
$51,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,000 annually to afford this 3-bedrooms monthly rent price of $1,275.
For more information on rent affordability, visit our rent calculator.
Schools near 5198 Walton Lake Dr
Cromwell Elementary School
4989 cromwell rd
memphis, TN, 38118
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 5198 Walton Lake Dr
Getting around Memphis near 5198 Walton Lake Dr
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 5198 Walton Lake Dr, Memphis
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Some 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
8/10
At least one high school within a 10-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 5198 Walton Lake Dr
Z Market
5393 Winchester Rd
La Fiesta
3500 S Mendenhall Rd
Arnold Knight Grocery Inc
5281 Knight Arnold Rd
Super Mercado El Ray II
3699 Hickory Hill Rd
La Fiesta
3124 S Perkins Rd
Indulge Boutique
3741 S Mendenhall Rd
Swagg Clothing
5346 Winchester Rd
De Ta Snuk Serenity Boutique
4806 Cromwell Ave
Pegaso Boutique
5361 Knight Arnold Rd
Family Dollar
3141 S Mendenhall Rd
C K's Coffee Shop
5370 Winchester Rd
Memphis Grindhouse Coffee
3885 S Perkins Rd
Community Coffee
4444 S Mendenhall Rd
Starbucks
2801 Kirby Rd
Dunkin'
2735 Kirby Rd
Blue Hookah
3669 S Mendenhall Rd
745-Cash.com
5353 Knight Arnold Rd
C Fu Chinese
3135 S Mendenhall Rd
Getaway Sports Bar
4632 Winchester Rd
Bouji Bar
5405 Fox Plaza Dr
Jose Bakery
5365 Knight Arnold Rd
Panaderia
3127 S Mendenhall Rd
MJ Donuts & Coffee
4608 Winchester Rd
Calhouns Sweet Treats, LLC
3735 Hickory Hill Rd
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5650 Mount Moriah Rd
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