Apartments in 38120

1 - 16 of 16 Results

40

$1,799

Memphis - Quail Hollow

6325 Quail Holw Memphis, TN

Studio | Available Now

Contact

Dog Friendly

Cat Friendly

Short-term

Air Conditioning

Covered Parking

30

$1,610 - 2,875

Arbors River Oaks Apartments

Deal

225 Arbor Commons Circle Memphis, TN

2 - 3 BR | Available Now

Contact

Luxury

In Unit Laundry

Balcony/Deck/Patio

Fitness Center

Pool

27

$1,650

Charming 3 Bedroom In East Memphis Now Available!

512 Fleda Rd Memphis, TN

3 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Air Conditioning

Storage

13

$2,300

124 Colegrove St

Memphis, TN

4 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

7

$900

1bd/1ba Condo Located On The Germantown/memphis Line!

6725 Quail Hollow Ct #1 Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Balcony/Deck/Patio

Storage

12

$1,190

6747 Quail Hollow Ct Unit 2

Memphis, TN

2 BR | Available Now

Contact

Dog Friendly

Balcony/Deck/Patio

Dishwasher

6

$1,150

6749 Meadow Oak Pl

Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Storage

7

$995

6695-3 Whispering Oak Pl

Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Balcony/Deck/Patio

Storage

13

$795

6679 Whispering Oaks #3

Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Surface Parking

Storage

11

$1,150

6729 Quail Hollow Ct #4

Memphis, TN

2 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Storage

27

$2,395

5224 Mesquite Rd

Memphis, TN

4 BR | Available Now

Contact

House

Storage

5

$928 - 1,234

Poplar Place Townhomes

1669 Randolph Pl Memphis, TN

2 - 3 BR | Available Now

Contact

Dog Friendly

Cat Friendly

Townhome

Air Conditioning

Fitness Center

6

$995

6786-1 Quail Hollow Ct

Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Storage

3

$1,150

6755 Quail Hollow Ct #3

Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Balcony/Deck/Patio

Storage

1

$1,075

6692-1 Whispering Oak Pl

Memphis, TN

1 BR | Available Now

Contact

Dog Friendly

Cat Friendly

House

Storage

Disability Access

3

$1,095 - 1,410

Arbors River Oaks

4.4

225 Arbor Commons Circle Memphis, TN

1 - 3 BR | Available Now

Contact

Dog Friendly

Cat Friendly

Luxury

Air Conditioning

Balcony/Deck/Patio

1 - 16 of 16 Results

Home
Memphis
38120

Find an Apartment in 38120

Looking for apartments for rent in the 38120 zip code of Memphis, TN? Rentable currently has 25 units available in this area. The average rent for apartments in 38120 is $1,230, with the lowest rent for a 1-bedroom floor plan starting at $795.

The 38120 zip code is home to several desirable neighborhoods, including East Memphis and Germantown. These neighborhoods offer a variety of amenities and attractions, such as beautiful parks, shopping centers, and dining options. Nearby parks such as the Shelby Farms Park and the Lichterman Nature Center provide opportunities for outdoor recreation and leisure activities.

If you're looking for apartments near 38120 in Memphis, TN, Rentable has a selection of options to choose from. Explore our listings today and find your perfect rental in this vibrant area of Memphis.

Memphis:
April Rent Report

Welcome to the April 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

$1,250

$940

$630

$310

$0

Mar. 2023

Apr. 2023

May. 2023

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

1 BR 2 BR

Memphis Rent Prices Decrease From March to April

Memphis rent prices decreased over the last month. From March to April, the city experienced a -0.62% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $959.0.

When we take a look at the two-bedroom comparison from March to April, Memphis experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,074.0.

April Prices: Memphis vs. Surrounding Areas

Germantown, TN

Cordova, TN

Collierville, TN

Horn Lake, MS

Southaven, MS

Memphis, TN

Walls, MS

$1,545

$1,478

$1,397

$1,303

$1,270

$958

$785

$0

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have decreased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Memphis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Cordova, TN, Collierville, TN, Horn Lake, MS, Germantown, TN .
Rent decreased in Southaven, MS, Walls, MS.
5 suburbs are currently priced higher than the city of Memphis.
1 suburb is currently priced lower than the city of Memphis.

April 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Minneapolis, MN

Columbus, OH

Pittsburgh, PA

Memphis, TN

$3,994

$3,038

$2,355

$2,347

$1,893

$1,300

$1,264

$1,145

$958

$0

$1,300

$2,600

$3,900

$5,200

Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

	1 BR April	1 BR M/M % Change	2 BR April	2 BR M/M % Change
Memphis, TN	$958.0	-0.10%	$1,070.0	-0.37%
Southaven, MS	$1,270.0	-2.76%	$1,437.0	1.70%
Cordova, TN	$1,478.0	0.68%	$1,634.0	-0.55%
Collierville, TN	$1,397.0	3.02%	$1,632.0	0.06%
Horn Lake, MS	$1,303.0	1.40%	$1,435.0	1.70%
Germantown, TN	$1,545.0	0.07%	$1,835.0	0.00%
Walls, MS	$785.0	-9.98%	$1,053.0	-0.38%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.