Forest Creek Townhomes
4627 Irene Woods Ln,
Collierville, TN 38017
$2,800
3 Beds
Welcome to Collierville, a Memphis suburb known for its historic downtown and community spirit. The town square, recognized by Parade Magazine for its exceptional design, features a central gazebo where residents gather for community events. Housing includes both single-family homes and apartment communities, with current rental rates averaging $1,537 for one-bedroom units and $1,828 for two bedrooms. The rental market remains steady, with one-bedroom rates showing a 5.3% increase over the past year.
The town encompasses 30 square miles of parks and green spaces, complemented by retail destinations like Carriage Crossing. Founded in 1836 by Jesse R. Collier, Collierville's history includes its role as a Civil War battle site. Today, the town balances its historic character with contemporary amenities. Community events bring residents together throughout the year, including the Fair on the Square and Symphony in the Rose Garden concert series. Located within easy reach of Memphis and home to major employers, Collierville combines accessibility with small-town appeal.
As of December 2025, the average apartment rent in Collierville, TN is $1,400 for a studio, $1,460 for one bedroom, $1,707 for two bedrooms, and $2,259 for three bedrooms. Apartment rent in Collierville has decreased by -1.9% in the past year.
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Bailey Station Elementary School
Public
Grades PK-5
851 Students
Collierville Elementary School
Public
Grades PK-5
813 Students
Public
Grades PK-5
655 Students
Schilling Farms Elementary School
Public
Grades PK-5
597 Students
Public
Grades K-5
701 Students
West Collierville Middle School
Public
Grades 6-8
1,309 Students
Public
Grades 6-8
773 Students
Public
Grades 9-12
2,836 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.