Apartments For Rent in 38120

36 rentals

Apartments For Rent Near 38120

We found 30 more apartments matching your filters just outside 38120

Average Rent Trends in 38120

Rent in 38120 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Oct 2025$1,950
Nov 2025$1,875
Dec 2025$1,750
Jan 2026$1,695
Feb 2026$1,600
Mar 2026$1,915
Apr 2026$2,030
May 2026$1,750
Jun 2026$1,695
Jul 2026$1,708
Aug 2026$1,800
Sep 2026$1,840
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Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,065$1,350$1,900$2,116$1,755
Townhomes$950$1,250——$1,250
Apartments and Condos$995$1,195——$1,065
Houses—$1,595$1,900$2,116$2,100

Frequently Asked Questions about Rentals in 38120

  • What is the average rent of an apartment in 38120?
    The average rent of an apartment in 38120 is $1,241 per month. This is about 36% lower than the national average.
  • When is the average rent cheapest in 38120?
    In the last year, the average rent in 38120 was lowest in Apr 2025 when it was $1,696 per month.
  • When is the average rent most expensive in 38120?
    In the last year, the average rent in 38120 was highest in Aug 2025 when it was $2,225 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38120?
    The average rent of a 1 bedroom apartment in 38120 is $1,065 per month. That is about $435 less than the cost of a studio apartment.
  • How many available rental listings are in 38120?
    There are 46 available rental listings in 38120.
  • What are some cities near 38120?
    Some nearby cities include: Germantown, Cordova, Memphis, Bartlett, Eads, Collierville. These cities may have more rental options to explore.

Browse 38120 homes by type

View this page in Spanish: Apartamentos en renta en los alrededores de 38120 - 391 Rentas | Trulia