$3,800 Per Month
- 4 Beds
- 3 Baths
- 3,896 Sq Ft
- House for Rent
1581 Brackenshire Ln, Collierville, TN 38017
1581 Brackenshire Ln, Collierville, TN 38017
Frequently Asked Questions
How much does it cost to rent a home in Collierville, TN?
The median rent for a home in Collierville, TN is $2,615 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Collierville, TN?
To comfortably afford the median rent in Collierville, TN, a household needs to earn roughly $104,600 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,615 per month in Collierville, TN, renters typically need to show $7,845 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Collierville, TN?
In Collierville, TN, the price-to-rent ratio is 16.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Collierville, TN are best for renting a home?
The best neighborhood for renting in Collierville, TN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southern Shelby County, Cordova, Gray's Creek, Hickory Hill and River Oaks, each with its own character and price range.
