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Colonial Acres houses for rent - Memphis, TN

Beds

72 Properties

Average Rent in Memphis, TN

Avg. RentAnnual Change
Memphis Studio - $1,213-7%
Memphis 1 Bed - $9900%
Memphis 2 Beds - $1,082-2%
Last updated 6/14/2024

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Local Guide

See what Memphis, TN has to offer.

Local Reviews

Nice neighbors, lots of close shopping centers, several Parks around, we even have a dog park, rent are affordable, food prices are affordable too, gas prices are cheap

Friendly neighbors and best schools in the city are near this neighborhood. Most homes are well maintained

Our neighborhood has several schools, both public and private making this a good choice for young families to grow up in. We have a wide variety of entertainment venues that include movies, live theater, outdoor concerts, and seasonal carnivals. Any number of restaurants, specialty food shops, and boutique shopping can be found within a short drive.

The thing I like the most is that the highest is only 1 minute away. I really like that my house is a corner home . I also appreaciate skycap cameras, police cameras on my street.

I enjoy the ability to take walks on the golf course, when people aren't playing (e.g., at night and in the early mornings&

I love my neighbors, proximity to restaurants, shopping, and church. Two great schools are within walking distance. Most people are animal lovers so dog walking is fun as good way to visit with people everyday

Demographics

Education

High School

27%

Associate's

33%

Bachelor's

27%

Master's

11%

Doctorate

2%

Family Size

2 people

50%

3 people

29%

4 people

9%

5 people

5%

6+ people

7%

Household Income

0-50k

36%

50-100k

38%

100-150k

16%

150-200k

4%

200k+

5%

Age

0-10

15%

10-20

5%

20-45

36%

45-65

24%

65+

20%

Rent Trends

Average rent in Colonial Acres, Memphis, TN

In Memphis, TN, as of 2024, the average rent for apartments ranges from $990 to $1,213. Specifically, the average rent for a studio apartment in Colonial Acres, Memphis, TN is $1,213. For those seeking a 1-bedroom apartments, the average rent is $990. And for a 2-bedroom apartment, renters can expect to pay an average of $1,082.

Annual Rent Change Over the Past 12 Months

Studio

-7%

Changed from $1,304 to $1,213
1 Bed

0%

Changed from $990 to $990
2 Beds

-2%

Changed from $1,104 to $1,082
Last updated 6/14/2024

Cost of Living

Compared to State Average

0.3%

Compared to National Average

10.9%

The cost of living in Colonial Acres, Memphis, TN is 0.3% lower than the state average and 10.9% lower than the national average. Colonial Acres, Memphis, TN housing is 17.3% less expensive than the U.S average, while utilities are about 12.6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0.2% less in Colonial Acres, Memphis, TN than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 13.6% less here compared to the U.S. average.
Cost of Living in Colonial Acres, Memphis, TNCompared to State AverageCompared to National Average
Housing
1%
17.3%
Utilities
2.6%
12.6%
Food
1.1%
0.2%
Transportation
0.6%
11%
Healthcare
1.4%
13.6%

Compare Other Cities

City1 Bed Avg RentAnnual Change
Germantown$1,554+4%
Collierville$1,484-1%
Lakeland$1,450+8%
Cordova$1,388+21%
Horn Lake$1,386+4%
Southaven$1,321+1%
Olive Branch$1,210-27%
Atoka$1,130+4%
Walls$1,0700%
Marion$1,062+6%
Memphis$9900%
Millington$675-13%
City2 Beds Avg RentAnnual Change
Olive Branch$1,900-3%
Germantown$1,884+13%
Cordova$1,725+22%
Collierville$1,719+1%
Lakeland$1,701-13%
Arlington$1,5690%
Horn Lake$1,532+3%
Southaven$1,436-1%
Atoka$1,225+5%
Munford$1,210--
Marion$1,180+4%
Walls$1,175-2%
Millington$1,087+40%
Memphis$1,082-2%
Brownsville$5120%

Compare Neighborhoods

North Parkway Village

$550

1 Bed Avg. Rent

Autumn Ridge

$717

1 Bed Avg. Rent

Southeast Memphis

$728

1 Bed Avg. Rent

What are the most affordable neighborhoods in Memphis, TN?

For renters in Memphis seeking more affordable options, the neighborhoods to watch are North Parkway Village, Autumn Ridge, and Southeast Memphis, where average rents for 1-bedroom apartments stand at $550, $717, and $728 respectively. Additional areas offering value are Colonial Willow and Raleigh, where the rents are $745 and $760, a favorable comparison to Memphis's overall 1-bedroom average of $990.

What are the most expensive neighborhoods in Memphis, TN?

In Memphis, the neighborhoods commanding the highest rents are Mud Island, East Central Shelby, and Gray's Creek. A 1-bedroom apartment in Mud Island averages at $2,225, in East Central Shelby it averages $1,654, and in Gray's Creek, the average is $1,654. For additional high-end living options, Southwind offers 1-bedroom apartments at $1,624, and Countrywood at $1,545. These rates compare to the overall average rent of $990 for a 1-bedroom apartment in Memphis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Memphis, TN?

In Memphis, the most sought-after neighborhoods for renters include High Point Terrace, Binghampton, and Normal Station. In High Point Terrace, the average rent for a 1-bedroom apartment is $1,250. Binghampton sees average rents of $839 for a 1-bedroom unit. Normal Station offers similar appeal with 1-bedroom apartments averaging $800. For those seeking other popular areas, UDistrict presents 1-bedroom apartments at $839, and Evergreen Historic District at $900. These prices are set against the backdrop of the city-wide average of $990 for a 1-bedroom apartment in Memphis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
East Memphis$1,859-9%
Southwind$1,554-2%
Downtown$1,260-2%
Central Gardens$1,0500%
Midtown$975-8%
Voillintine - Evergreen$975--
Parkway Village$825-50%
Hickory Hill$825-50%
Evergreen Historic District$800--
Uptown$7600%
Neighborhood1 Bed Avg RentAnnual Change
East Central Shelby$1,654-2%
Gray's Creek$1,654-2%
Southwind$1,624-2%
Countrywood$1,545+30%
Richwood$1,3090%
High Point Terrace$1,250--
Midtown$1,224-4%
Downtown$1,203-5%
Frayser$1,125+42%
Rangeline$1,125+42%
Voillintine - Evergreen$1,075--
Central Gardens$985-18%
Uptown$975+13%
Evergreen Historic District$900+1%
Hickory Hill$897+3%
Parkway Village$890+4%
North Memphis$875--
UDistrict$839-9%
Binghampton$839--
East Memphis$835-23%
Fox Meadows$830+19%
Whitehaven$819+20%
Normal Station$800-16%
Raleigh$760+3%
Colonial Willow$745+19%
Southeast Memphis$728-1%
Autumn Ridge$7170%
North Parkway Village$550-15%
Neighborhood2 Beds Avg RentAnnual Change
Southwind$1,8220%
East Central Shelby$1,741-10%
Gray's Creek$1,741-10%
Walnut Grove$1,700--
Countrywood$1,635+21%
Richwood$1,5190%
Central Gardens$1,500-2%
Midtown$1,350-8%
Voillintine - Evergreen$1,350--
Downtown$1,2600%
Bridgewater$1,250--
Uptown$1,195+5%
High Point Terrace$1,175+2%
Annesdale Park$1,095-22%
Hickory Hill$1,047+1%
Parkway Village$1,010+7%
UDistrict$1,0020%
Binghampton$1,002--
Fox Meadows$999+12%
Whitehaven$979+16%
Normal Station$975+23%
Frayser$960+21%
Rangeline$960+21%
Southeast Memphis$952+16%
Raleigh$950+15%
Northeast Memphis$895--
Evergreen Historic District$895-55%
Autumn Ridge$8720%
East Memphis$845-11%
Colonial Willow$845+17%
Berclair$825--
South Memphis$745+62%
North Parkway Village$665-11%
Grahamwood$650--
North Memphis$6250%

Transportation

Commute Time

0-15 Mins

23%

15-30 Mins

62%

30-40 Mins

13%

40-60 Mins

2%

60+ Mins

0%

Transportation Scores

Percentage: 4343

Walk Score®

Walkable

No

Say 4 of 7 renters

Has Sidewalks

Yes

Say 5 of 7 renters

Percentage: 5050

Bike Score®

Bike Friendly

Yes

Say 5 of 7 renters

Area Amenities

Top Score

Restaurants

2/5 stars based on undefined reviews

Colonial Acres Memphis serves up a dining scene that's only lukewarm.

  1. Few restaurants per resident
  2. Significantly fewer restaurants than average
  3. 7% fewer restaurants than areas of a similar size

Nightlife

2/5 stars based on undefined reviews

You'll need to stock up the mini-bar. Colonial Acres Memphis is running dry.

  1. Few bars and clubs per resident
  2. 31% more bars and clubs than average
  3. 40% more bars and clubs than areas of a similar size

Medical Care

2/5 stars based on undefined reviews

We have a bone to pick with this Colonial Acres Memphis's access to medical care.

  1. A high number of medical facilities per resident
  2. 37% more medical facilities than average
  3. 40% more medical facilities than areas of a similar size

Grocery Stores

1.5/5 stars based on undefined reviews

This supermarket score is far from superior.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Coffee

1.5/5 stars based on undefined reviews

Stock up on your home beans, because this place is out of brew.

  1. Few coffee shops per resident
  2. An average number of coffee shops
  3. A standard number of coffee shops compared to areas of a similar size

Parks

1.5/5 stars based on undefined reviews

Room for improvement. More parks please.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Childcare

1.5/5 stars based on undefined reviews

Calling all caregivers: childcare options around here are a bit scarce.

  1. Few daycares per resident
  2. An average number of daycares
  3. A standard number of daycares compared to areas of a similar size

Retail Shops

1.5/5 stars based on undefined reviews

This place is great for recovering shopaholics - a low retail score.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Health and Fitness

1.5/5 stars based on undefined reviews

Do you even lift, bro? Colonial Acres Memphis is weak on fitness.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Pet Services

1.5/5 stars based on undefined reviews

We're not mutts about Colonial Acres Memphis.

  1. Few pet facilities per resident
  2. An average number of pet facilities
  3. A standard number of pet facilities compared to areas of a similar size

Fine Arts

1.5/5 stars based on undefined reviews

An all around mediocre performance for art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Gas Stations

1.5/5 stars based on undefined reviews

Fasten your seat belt, it's a long way to get gas.

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Area Features

Area Has Litter

No

Say 7 of 7 renters

Pet Friendly

Yes

Say 7 of 7 renters

Mostly Older Buildings

No

Say 6 of 7 renters

Near Grocery Stores

Yes

Say 6 of 7 renters

Nearby Parks

Yes

Say 6 of 7 renters

Good Place To Raise A Family

Yes

Say 6 of 7 renters

Busy Streets

No

Say 5 of 7 renters

Quiet Area

Yes

Say 5 of 7 renters

Maintained Yards

Yes

Say 5 of 7 renters

Noise Late At Night

No

Say 4 of 7 renters

Near Schools

Yes

Say 4 of 7 renters

Area Has Potholes

No

Say 4 of 7 renters

Safe For Families

Yes

Say 4 of 7 renters

Area Has Kids Play Outside

No

Say 4 of 7 renters

Tree Lined Streets

No

Say 4 of 7 renters

Well Lit

No

Say 4 of 7 renters

Near Highways

No

Say 5 of 7 renters

Near Downtown

No

Say 6 of 7 renters

Mostly Newer Buildings

No

Say 7 of 7 renters

Nice Views

No

Say 7 of 7 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Colonial Acres Memphis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Memphis, TN 9 miles$990$1,082
Southaven, MS 9.6 miles$1,321$1,436
Cordova, TN 8.4 miles$1,388$1,725
Olive Branch, MS 10.2 miles$1,210$1,900
Bartlett, TN 7.7 miles------
Germantown, TN 5.4 miles$1,554$1,884
Horn Lake, MS 12.2 miles$1,386$1,532
Collierville, TN 14.1 miles$1,484$1,719
Millington, TN 17 miles$675$1,087
West Memphis, AR 16.2 miles------

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
East Memphis 1.4 miles$835$845
Sea Isle Park 1.1 miles------
Colonial Willow 1.1 miles$745$845
Audubon Park 1.1 miles------