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Apartments in 38120

1 - 17 of 17 Results
40
$1,859
Memphis - Quail Hollow
6325 Quail Holw Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
30
$1,445 - 2,910
Arbors River Oaks Apartments
Deal
225 Arbor Commons Circle Memphis, TN
1 - 3 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Pool
5
$950
6726-1 Quail Hollow Ct
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
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
$795
6679 Whispering Oaks #3
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Surface Parking
Storage
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
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
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
12
$1,190
6747 Quail Hollow Ct Unit 2
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Balcony/Deck/Patio
Dishwasher
13
$2,300
124 Colegrove St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
12
$2,300
5573 Normandy Rd
Memphis, TN
4 BR | Jul. 1, 2024
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
6
$995
6786-1 Quail Hollow Ct
Memphis, TN
1 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
$1,150
1bd/1ba Condo Located On The Germantown/memphis Line!
6691 Whispering Oak Pl #2 Memphis, TN
1 BR | Available Now
Contact
7
$995
6695-3 Whispering Oak Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
$1,650
3bd/1.5ba Home Located In Colonial Acres!
5042 Kaye Rd Memphis, TN
3 BR | May. 17, 2024
Contact
Dog Friendly
Cat Friendly
House
1
$1,075
6692-1 Whispering Oak Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
1 - 17 of 17 Results
  1. Home
  2. Memphis
  3. 38120

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

38120 apartments
Bed Type Average Rent Range
1BR $1,040 $800 - $1,450
2BR $1,340 $930 - $1,800
3BR $1,650 $1,230 - $2,140
4+BR $2,300 $2,300 - $2,400
Frequently Asked Questions

How many apartments are available in 38120 on Rentable.co?

Rentable.co has 17 apartments available for rent in 38120.

What is the average rent for an apartment in 38120?

The average rent for an apartment in 38120 is around $1,340 per month.

What is the average rent for a two-bedroom apartment in 38120?

The average rent for a two-bedroom apartment in 38120 is around $1,340 per month.

What is the average rent for a one-bedroom apartment in 38120?

The average rent for a one-bedroom apartment in 38120 is around $1,035 per month.

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 $1,340, 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:
May Rent Report

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

Memphis rent prices decreased over the last month. From April to May, 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 April to May, 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.

May Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,544
$1,476
$1,439
$1,314
$1,260
$953
$500
$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 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Horn Lake, MS, Collierville, TN .

  • Rent decreased in Cordova, TN, Southaven, MS, Germantown, TN, Millington, TN.

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

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

May 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
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $953.0 -0.52% $1,068.0 -0.19%
Cordova, TN $1,476.0 -0.14% $1,624.0 -0.61%
Southaven, MS $1,260.0 -0.79% $1,457.0 1.39%
Horn Lake, MS $1,314.0 0.84% $1,428.0 -0.49%
Collierville, TN $1,439.0 3.01% $1,632.0 0.00%
Germantown, TN $1,544.0 -0.07% $1,845.0 0.55%
Millington, TN $500.0 0.00% $1,500.0 42.45%

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.

Browse Memphis Apartments
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