ZIP Code · TN

ZIP 38135

Part of Bartlett, TN

Pop. 30,317·Shelby County·43rd most expensive ZIP in Tennessee

Median rent (all units)

$1,799/mo

Year-over-Year

-3.2%

Month-over-Month

-1.7%

vs US Median

-$133

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 38135 · $1,799

More affordable than 51% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,510

1 BR

$1,650

2 BR

$1,820

3 BR

$2,400

4 BR+

$2,800

Research median

$1,820/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 38135 usually run 1.3% below trend in January and 1.2% above it in July, about $45 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 38135 is 3.8% below its high of $1,871 in June 2026, at $1,799 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 38135 changed -3.2% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 38135 rose 42% while median household income rose 24% ($78,430 to $97,282). Rent outpaced income.

Since before the pandemic

Rent in ZIP 38135 is 34.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($97,282) is $2,432 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,400); a 4-bedroom is $2,800.

Cheaper nearby

ZIP 38134, 4 miles away, rents for 33% less ($1,206/mo), about $7,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 38135. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,588/yr

At $1,799/mo median

Location

CityBartlett

StateTN

CountyShelby County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 3.2% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-3.2% YoY, -1.7% MoM), not inventory.

Demographics

Who lives here

ZIP 38135 (Bartlett, TN) is majority owner-occupied, has a median income above the national average, 35% of residents hold a bachelor's degree or higher.

Population

30,317

Median income

$97,282

Median age

40.8

Renters

18.6%

Age distribution

22.8%

19.9%

24.7%

15.7%

16.9%

Under 1822.8%

18–3419.9%

35–5424.7%

55–6415.7%

65+16.9%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

56%

33.1%

White56%

Black33.1%

Hispanic3.6%

Asian3.5%

Other3.7%

Education (25+)

30.4%

31.1%

35%

No HS diploma3.5%

HS diploma30.4%

Some college31.1%

Bachelor's+35%

Housing tenure

81.4%

18.6%

Owner81.4%

Renter18.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 38135 in Bartlett, TN has changed in 5 years

Rent

$1,472 → $1,799

up 22.2%

Income

$79,886 → $97,282

up 21.8%

Population

30,438 → 30,317

down 0.4%

Renter share

18.5% → 18.6%

+0.1 pts

Bachelor's+

38.2% → 35%

-3.2 pts

Compared with 2021, rent in ZIP 38135 in Bartlett, TN has climbed by $327 per month, settling near $1,799 after starting the period at $1,472. Median household income grew from $79,886 to $97,282 between 2021 and 2024, a 21.8% shift. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 38.2% to 35%. Taken together, the five-year picture in ZIP 38135 in Bartlett, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 38135

Last updated: October 17, 2026

ZIP code 38135 covers Bartlett, TN. The median rent here is $1,799/mo as of October 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $1,820/mo.

At 22% of local median household income ($97,282/yr), ZIP 38135 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 38135?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,799/mo in ZIP 38135. The local median household income is $97,282/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 38135?

Rent in ZIP 38135 has fallen 3.2% over the past year as of September 2026. It sits 3.8% below its high of $1,871 in June 2026.

When is the cheapest time to rent in ZIP 38135?

Asking rents in ZIP 38135 are usually lowest in January, about 1.3% below their yearly trend, and highest in July, about 1.2% above it. At today's median that is a gap of roughly $45 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 38135?

Yes. From 2019 to 2024, rent in ZIP 38135 rose 42% while median household income rose 24%, from $78,430 to $97,282. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 38135 compare to other ZIPs in Tennessee?

ZIP 38135 is one of the pricier among Tennessee ZIP codes for rent, ranking #43 of 147 at $1,799/mo. Over the year to September 2026, rent in ZIP 38135 changed -3.2%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.