Apartments in 38120

10 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 for a apartment decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Feb 2025.
MonthAverage rent
Sep 2025$1,172
Oct 2025$1,253
Nov 2025$1,382
Dec 2025$1,281
Jan 2026$1,262
Feb 2026$1,272
Mar 2026$1,316
Apr 2026$1,329
May 2026$1,284
Jun 2026$1,310
Jul 2026$1,303
Aug 2026$1,278
View as a graph

Average Rent By Bedroom and Home Type

In August 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$1,125$1,395$2,395$2,500$1,805
Townhomes$950$1,350$1,500—$1,350
Apartments and Condos$995$1,213——$1,125
Houses—$1,600$2,500$2,500$2,550

Frequently Asked Questions about Apartments and Condos for rent in 38120

  • What is the average rent of an apartment in 38120?
    The average rent of an apartment in 38120 is $1,277 per month. This is about 35% lower than the national average.
  • When is the average rent for an apartment cheapest in 38120?
    In the last year, the average rent in 38120 was lowest in Apr 2025 when it was $1,114 per month.
  • When is the average rent for an apartment most expensive in 38120?
    In the last year, the average rent in 38120 was highest in Feb 2025 when it was $1,736 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 $1,143 per month. That is about $516 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38120?
    There are 13 available apartments or condos to rent 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.
View this page in Spanish: Apartamentos en 38120 - 115 Apartamentos | Trulia