Zip Code

Average Rent in 38120

38120 is a zip code in Memphis, TN-MS-AR MSA. It ranks #30 out of 62 for places to rent. 38120 is in
the state of
Tennessee,
the county of
Shelby County,
the congressional districts of
District 08, District 09 and
the city of
Memphis. Dwellsy has rental data there are no sections,
the neighborhood of
White Station and no rental communities in 38120.
The average rent over the last 3 months for places in 38120 is $1,484 which represents a decrease of -7.71% over the same period.

Rental Price Comparison

The average rent for places in zip 38120 currently stands at $1,484.
In comparison, places in the average state, specifically Tennessee, is more expensive, with an average rent of $1,554. This represents a difference of +5% when compared to 38120.
Meanwhile, in the average msa of Memphis, TN-MS-AR MSA, the average rent for the same type of housing is $1,388, showing a less expensive of -6% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a more expensive by +25% when compared to the rent in 38120.
$1,484
38120
VS
$1,554
+5%
TN, state
$1,388
-6%
Memphis, TN-MS-AR MSA, msa
$1,859
+25%
USA, us

Average price for rental listings over the last 3 months. Last updated May 31 2026

Neighborhoods in 38120 Zip Code