3 Days Ago
Highlights
Pet Friendly
- Smart home features
- Pet-friendly
Location
120 Penny Ln, Oakland, TN 38060, USA
Tour 120 Penny Ln
Contact
Progress Residential
Our team has verified this company
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Property Overview
Located near a top-rated elementary school, this property offers convenient access to education and community amenities. Notable features include smart home technology and a pet-friendly environment, with ample nearby resources such as pet supply stores and hospitals. Additionally, outdoor spaces enhance the overall appeal, making it a versatile choice for various lifestyle preferences.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Elementary school nearby
- Images Available
Great for
Pet owners
Amenities for 120 Penny Ln
Apartment Amenities
| Attached Garage | Ceiling Fan |
| Covered Patio | Deck |
| Dual Vanity Sinks | Eat-in Kitchen |
| Hardwood Floor | Hookup In-Unit on 1st Floor |
| Open Floor Plan | Oversized Bathtub |
| Walk-In Shower |
Appliances
| Stainless Steel Appliances |
Tech
| Smart Home |
Building
| 1 Story | Cats OK |
| Dogs OK | Onsite Laundry |
Grounds
| Fenced Yard | Garage Parking |
| Outdoor Space |
Neighborhood
| Near Retail |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 120 Penny Ln
Please note, our homes are available on a first-come, first-serve basis and are not reserved until the lease is signed by all applicants and security deposits are collected. This home features Progress Smart Home - Progress Residential's smart home app, which allows you to control the home securely from any of your devices. Learn more at rentprogress com smarthome Want to tour on your own? Click the “Self Tour” button on this home’s RentProgress. com listing or call (901) 300-2266 to register for a self-guided showing at a time that works best for you. Interested in this home? You clearly have exceptional taste. This charming 3-bedroom, 2.0-bathroom home is not only pet-friendly, but also equipped with smart home features to make everyday life more convenient and connected. Homes like this don’t stay on the market for long—don’t miss your chance to make it yours. Apply today! Some images have been virtually staged to help showcase the potential of spaces in the home. The furnishings shown are for illustrative purposes only and are not included in the home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 120 Penny Ln compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 1 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Address details
| Zip code | 38060 |
|---|---|
| Type | House for rent |
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Rent trends in Oakland
3-bedroom apartments at 120 Penny Ln cost about 6% less than the average rent price for 3-bedroom apartments in Oakland.
Median rents as of Feb 21 2026.
Oakland
| Month | Median Rent |
|---|---|
| March 2024 | $1,850 |
| April 2024 | $1,795 |
| May 2024 | $1,956 |
| June 2024 | $1,937 |
| July 2024 | $1,895 |
| August 2024 | $1,752 |
| September 2024 | $1,766 |
| October 2024 | $1,717 |
| November 2024 | $1,712 |
| December 2024 | $1,750 |
| January 2025 | $1,804 |
| February 2025 | $1,840 |
| March 2025 | $1,880 |
| April 2025 | $1,842 |
| May 2025 | $1,881 |
| June 2025 | $1,867 |
| July 2025 | $1,822 |
| August 2025 | $1,815 |
| September 2025 | $1,756 |
| October 2025 | $1,738 |
| November 2025 | $1,744 |
| December 2025 | $1,720 |
| January 2026 | $1,821 |
| February 2026 | $1,880 |
Affordability calculator
Can I afford to live at 120 Penny Ln?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$71,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,400 annually to afford this 3-bedrooms monthly rent price of $1,785.
For more information on rent affordability, visit our rent calculator.
Schools near 120 Penny Ln
Oakland Elementary School
14925 hwy 194 north
oakland, TN, 38060
PK, K-5Public
C-
Donelson Elementary School
12140 donelson farms pkwy
arlington, TN, 38002
PK, K-5Public
A
Arlington Elementary School
11825 douglas
arlington, TN, 38002
PK, K-5Public
A
Lakeland Elementary School
10050 oak seed ln
lakeland, TN, 38002
PK, K-4Public
A
Tara Oaks Elementary School
600 harpers ferry rd
collierville, TN, 38017
PK, K-5Public
A
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Internet available near 120 Penny Ln
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Oakland near 120 Penny Ln
Walking
2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 120 Penny Ln, Oakland
Groceries
3/10
No grocery stores within walking distance
Shopping
3/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
3/10
Few or no restaurants within walking distance
Primary schools
3/10
No elementary schools within a 30-minute walk
High schools
0/10
No high schools within a 30-minute walk
Nightlife
2/10
Few or no bars within walking distance
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