5+ Days Ago
Location
398 Mcdermitt Rd, Memphis, TN 38120, USA
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About 398 Mcdermitt Rd
Property Status: Active Take advantage of the incredible location, nestled in a great neighborhood with access to schools, parks, dining and more. Office Phone: (888) 519-5113 Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 398 Mcdermitt Rd compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.1 mile away
- Elementary school nearby
- There is an elementary school 0.4 mile away
- High school nearby
- There is a high school 1 mile away
Address details
| Zip code | 38120 |
|---|---|
| Type | House for rent |
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Rent trends in Memphis
3-bedroom apartments at 398 Mcdermitt Rd cost about 14% less than the average rent price for 3-bedroom apartments in Memphis.
Median rents as of Dec 6 2025.
Memphis
| Month | Median Rent |
|---|---|
| December 2023 | $1,375 |
| January 2024 | $1,355 |
| February 2024 | $1,350 |
| March 2024 | $1,378 |
| April 2024 | $1,397 |
| May 2024 | $1,398 |
| June 2024 | $1,397 |
| July 2024 | $1,399 |
| August 2024 | $1,398 |
| September 2024 | $1,407 |
| October 2024 | $1,396 |
| November 2024 | $1,395 |
| December 2024 | $1,395 |
| January 2025 | $1,395 |
| February 2025 | $1,395 |
| March 2025 | $1,408 |
| April 2025 | $1,415 |
| May 2025 | $1,436 |
| June 2025 | $1,443 |
| July 2025 | $1,424 |
| August 2025 | $1,399 |
| September 2025 | $1,367 |
| October 2025 | $1,338 |
| November 2025 | $1,314 |
| December 2025 | $1,309 |
Affordability calculator
Can I afford to live at 398 Mcdermitt Rd?
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
$45,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $45,000 annually to afford this 3-bedrooms monthly rent price of $1,125.
For more information on rent affordability, visit our rent calculator.
Schools near 398 Mcdermitt Rd
Richland Elementary School
5440 rich rd
memphis, TN, 38120
PK, K-5Public
A-
Avon School
310 avon rd
memphis, TN, 38117
K-12Public
University of Memphis - University Campus School
535 zach curlin
memphis, TN, 38152
K-5Public
A-
Early Childhood Program Partnering Centers
330 jackson ave
memphis, TN, 38112
PK, KPublic
Shrine School
4259 forest view dr
memphis, TN, 38118
PK, K-12Public
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Internet available near 398 Mcdermitt Rd
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Memphis near 398 Mcdermitt Rd
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 398 Mcdermitt Rd, Memphis
Groceries
1/10
Closest supermarket further than a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
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