Welcome to Colonial Apartments, presented by H. M. Heckle & Co. We have several units available for lease. For more information and to schedule a showing, please contact us. Pet Friendly.

RentalSource last checked: July 18, 2025 at 3:06 PM ET

Listed by: H.M. Heckle & Co, (901) 486-0952

Property Summary

Property Type:	Apartment
Rental Fee:	$1,200 - $1,495
Bedrooms:	2-3 beds
Bathrooms:	2-2.5 baths

Size:	1,500-1,620 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	81030500

Property Amenities

• Pet Friendly

Unit Rates

Name	Beds	Baths	Sqft	Rent
2 Beds	2	2	1,500	$1,200
2 Beds	2	2	1,500	$1,250
3 Beds	3	2.5	1,620	$1,495

Additional Details

Apartments for rent in Memphis for $1,200-$1,495 with 2-3 beds, 2-2.5 baths, 1,500-1,620 sqft, pet friendly and located at 5140 Wheelis Dr in Memphis, TN 38117. The averaged rental price of $1,348 is 18.8% ($213) higher than the average rent of $1,135 for apartments in Memphis, TN and 8.4% ($105) higher than the average rent of $1,243 for apartments in Shelby County. 5140 Wheelis Dr was advertised by H.M. Heckle & Co on March 5, 2025 at 9:38 AM ET and last updated today at 3:06 PM ET.

Affordability Calculator

Can I afford to live at 5140 Wheelis Dr?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$48,000 /year

With your chosen rent-to-income ratio, an annual income of $48,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,200 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,200 - $1,495

Rent Affordability Calculator

Interested in 5140 Wheelis Dr?

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Property managed by:

H.M. Heckle & Co
(901) 486-0952

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