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 increased in Jun 2026 compared to the previous month. Rent for apartments peaked in Feb 2025.
MonthAverage rent
Jul 2025$1,365
Aug 2025$1,250
Sep 2025$1,172
Oct 2025$1,253
Nov 2025$1,382
Dec 2025$1,281
Jan 2026$1,262
Feb 2026$1,274
Mar 2026$1,302
Apr 2026$1,329
May 2026$1,285
Jun 2026$1,309
View as a graph

Average Rent By Bedroom and Home Type

In July 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$1,325$1,950$3,950$1,685
Townhomes—$1,325——$1,325
Apartments and Condos$1,075$1,250$1,650—$1,250
Houses——$1,845$3,950$2,500

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 $1,295 per month. This is about 34% 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 $1,170 per month. That is about $659 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 - 102 Apartamentos | Trulia