3

Studio Apartments for Rent in Collierville, TN

Section Image
  • /35

    Starting at $1,401 Per Month

    • Studio - 3 Beds

    250 Maynard Way, Collierville, TN 38017

    Springs at Ashby is a gated, garden-style apartment community in Collierville, Tennessee, near FedEx World Headquarters. Residents enjoy private entry living with an in-home washer/dryer, a private balcony or patio, and a professional onsite team. Springs at Ashby offers studio, one, two, and three bedroom floor plans. Pricing varies by floor plan, lease length, and availability. The community is

    Springs at Ashby

    250 Maynard Way, Collierville, TN 38017

Why Live in Collierville

Collierville, TN, is a small city located on the eastern end of the Memphis metro area, known for its historic and vibrant town square. The square features attractions such as the train depot and numerous mom-and-pop shops housed in historic buildings. During the holidays, the area transforms with festive lights and carriage rides, making it a lively destination. Collierville boasts a growing inventory of upscale housing options, including Greek Revivals, contemporary Traditionals, and Colonial Revivals, many of which are situated on well-manicured lawns. The city offers a variety of dining options, from upscale Italian at Cafe Piazza and David Grisanti’s On Main to comfort foods at the Highlander Scottish Pub. The commercial corridor around Poplar Avenue and Byhalia Road includes chains like Kroger, Target, and Walmart, as well as local favorites like Tony’s Trophy Room and Huey’s. Collierville hosts several annual events, including the Collierville Balloon Festival and the Fair in the Square, and features historic attractions such as the train depot and Town Square Park. The city has a dozen parks and an 18-mile trail network, providing ample opportunities for outdoor activities like fishing and kayaking on the Wolf River. The Collierville Schools district is highly rated, with Collierville High School and St. George’s Independent School receiving top marks. Collierville is safer than the national average, with crime rates significantly lower than those in nearby Memphis. The city is well-connected to downtown Memphis, more than 25 miles west, via Poplar Avenue and Tennessee State Route 385.

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 $2,595 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes 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 $103,800 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 $2,595 per month in Collierville, TN, renters typically need to show $7,785 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 16.8, 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 Shady Grove, Midtown Memphis and Central Gardens, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,595
Median Single Family Home Rent
$2,650
Median Condo Rent
$1,948
How to Rent a Home