Townhomes For Rent in 38120

3 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 decreased in May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
Jun 2025$935
Jul 2025$1,600
Aug 2025$1,095
Sep 2025$975
Oct 2025$925
Nov 2025$975
Dec 2025$1,395
Jan 2026$1,200
Feb 2026$1,200
Mar 2026$1,395
Apr 2026$1,362
May 2026$1,325
View as a graph

Average Rent By Bedroom and Home Type

In May 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$1,206$1,295$2,000$2,800$1,800
Townhomes—$1,325——$1,325
Apartments and Condos$1,195$1,219——$1,200
Houses——$2,000$2,800$2,550

Frequently Asked Questions about Townhomes for rent in 38120

  • What is the average rent of a townhome in 38120?
    The average rent of a townhome in 38120 is $1,325 per month. This is about 31% 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 Oct 2025 when it was $925 per month.
  • When is the average rent most expensive in 38120?
    In the last year, the average rent in 38120 was highest in Mar 2025 when it was $1,650 per month.
  • How many townhomes are available to rent in 38120?
    There are 4 available townhomes 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.