Apartments in 38120

1 - 16 of 16 Results
40
$1,949
6325 Quail Holw Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
30
$1,690 - 2,660
225 Arbor Commons Circle Memphis, TN
1 - 2 BR | Jun. 14, 2024
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Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Pool
7
$1,100
6692 Whispering Oak Pl Apt 4 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Pool
5
$900
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
5
$928 - 1,234
1669 Randolph Pl Memphis, TN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Fitness Center
27
$2,395
Memphis, TN
4 BR | Available Now
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House
Storage
13
$795
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Surface Parking
Storage
27
$1,596
512 Fleda Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
6
$995
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
7
$900
6725 Quail Hollow Ct #1 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
7
$995
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
$1,050
6734 Quail Hollow Ct Apt 3 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$1,075
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Disability Access
3
$1,095 - 1,410
225 Arbor Commons Circle Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
$1,150
6691 Whispering Oak Pl #2 Memphis, TN
1 BR | Available Now
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$1,650
5042 Kaye Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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1 - 16 of 16 Results
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  3. 38120

How much does it cost to rent an apartment in 38120?

38120 apartments
Bed Type Average Rent Range
1BR $1,090 $820 - $1,770
2BR $1,520 $930 - $2,130
3BR $1,500 $1,230 - $1,650
Find an Apartment in 38120
Looking for apartments for rent in the 38120 zip code of Memphis, TN? Rentable currently has 27 units available in this area. The average rent for apartments in 38120 is $1,260, with the lowest rent for a 1-bedroom floor plan starting at $806.

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:
June Rent Report

Welcome to the June 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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

$1,200
$900
$600
$300
$0
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Memphis Rent Prices Decrease From May to June

Memphis rent prices decreased over the last month. From May to June, the city experienced a -0.1% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $952.0.

When we take a look at the two-bedroom comparison from May to June, Memphis experienced a 0.28% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,068.0.

June Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,561
$1,475
$1,450
$1,332
$1,300
$953
$671
$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 5 of the Memphis suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Southaven, MS, Collierville, TN, Horn Lake, MS, Germantown, TN, Millington, TN .

  • Rent decreased in Cordova, TN.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

June 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$953
$0
$1,350
$2,700
$4,050
$5,400
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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Memphis, TN $953.0 0.00% $1,065.0 -0.28%
Cordova, TN $1,475.0 -0.07% $1,618.0 -0.37%
Southaven, MS $1,300.0 3.18% $1,458.0 0.07%
Collierville, TN $1,450.0 0.76% $1,634.0 0.12%
Horn Lake, MS $1,332.0 1.37% $1,453.0 1.75%
Germantown, TN $1,561.0 1.10% $1,863.0 0.98%
Millington, TN $671.0 34.20% $1,500.0 0.00%

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.