
Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $700 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Germantown area of Memphis.


2367 Forest Ave

Canterbury Woods Apartments

Ridgeway Commons Townhomes

Arbors of Century Center

Legacy on Lynnfield

Poplar Place Townhomes

Furnished Studio-Memphis - Poplar Avenue

Siegel Select Memphis

Furnished Studio-Memphis - Quail Hollow

Arbors River Oaks Apartments

6755 Quail Hollow Ct

6746 Quail Hollow Ct

6724 Majestic Oak Pl

1181 Brady Hollow Ln

7895 Brady Creek Cove

1588 Beaver Trail Dr

6770 Enchanted Oak Pl

5910 Roxbury Dr

1487 Beaver Trail Dr

6528 Baybrook Ln

1701 Ridge Oak Pl, Unit 4

The Vale Apartments and Townhomes

Park's Edge at Shelby Farms

The Willows at Shelby Farms

Trinity Lakes

Villas at Cordova

Farmington Gates

The View at Shelby Farms

MAA Dexter Lake

Cordova Creek

Appling Lakes

The Bridges at Germantown Apartments

The Vineyards

The Grove Germantown Apartments

Velo Shelby Farms

1898 Poplar Woods Cir E

6927 Brady Hill Dr
Germantown, Memphis, TN Local Guide

How much does it cost to rent an apartment in Germantown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Germantown Studio Apartments | $1,269 | $1,099 | $1,382 |
Germantown 1 Bedroom Apartments | $1,361 | $859 | $3,868 |
Germantown 2 Bedroom Apartments | $1,635 | $1,030 | $4,784 |
Germantown 3 Bedroom Apartments | $2,263 | $1,375 | $6,072 |
Germantown 4 Bedroom Apartments | $3,205 | $1,550 | $4,860 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 3 mile radius of the Germantown Neighborhood of Memphis, TN.
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Germantown, Memphis, TN Local Guide
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Cheapest Available Germantown Apartments for Rent
 The cheapest available apartment rental in the Germantown area of Memphis, TN is a 1 Bed unit found at Greenbrook at Shelby Farms priced from $859. Canterbury Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Germantown apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $859 |
Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $910 |
Arbors of Century Center | Ash - 1x1 Upgrade | 1BR,1BA | $975 |
MAA Kirby Station | LaSalle | 1BR,1BA | $983 |
The Vale Apartments and Townhomes | Bradford - 1 Bed, 1 Bath | 1BR,1BA | $995 |
Park's Edge at Shelby Farms | A2.LR - Equestrian Renovated | 1BR,1BA | $1,006 |
The Willows at Shelby Farms | 1X1-Ash | 1BR,1BA | $1,009 |
Legacy on Lynnfield | 1x1 | 1BR,1BA | $1,040 |
Trinity Lakes | Marathon - 1x1 Medium | 1BR,1BA | $1,109 |
Villas at Cordova | 1BR 1BA 662sf | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Germantown, TN
As of March 28, 2025 the best value apartment in the Germantown area is the $1.06 price per square foot 597 Shelley Renee Ln Model at 597 Shelley Renee Ln in the in the Germantown neighborhood starting from $2,125. The second greatest value Germantown apartment is the 1115 Hunters Green Cir S Model at 1115 Hunters Green Cir S starting at $2,115 with a $1.09 price per square foot in the Germantown neighborhood. Here is today’s list of the best values for Germantown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
597 Shelley Renee Ln | 597 Shelley Renee Ln | 4BR,2BA | $1.06 |
1115 Hunters Green Cir S | 1115 Hunters Green Cir S | 3BR,2.5BA | $1.09 |
Ridgeway Commons Townhomes | Two bedroom x 1.5 Bath | 2BR,1.5BA | $0.98 |
Poplar Place Townhomes | Dupree | 2BR,1.5BA | $0.99 |
MAA Dexter Lake | Resorter | 1BR,1BA | $1.45 |
Park's Edge at Shelby Farms | A3.LR - Arcaro Renovated | 1BR,1BA | $1.47 |
Legacy on Lynnfield | 1x1 | 1BR,1BA | $1.37 |
Greenbrook at Shelby Farms | Pine | 1BR,1BA | $1.19 |
Trinity Lakes | Marathon - 1x1 Medium | 1BR,1BA | $1.48 |
Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.26 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleGermantown, Memphis, TN
Ranked #24
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Tennessee and customized analysis for Eastern Memphis, TN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Germantown Apartments
What is the Cheapest Studio apartment in Germantown?
Currently the most affordable Cheap Studio Apartment in Germantown is at Siegel Select Memphis listed at $1,209.
How much is rent for a Cheap One Bedroom Germantown Apartment?
The lowest price for a Cheap One Bedroom Germantown Apartment is $859 at Greenbrook at Shelby Farms.
What is the lowest price for a Cheap Two Bedroom Germantown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Germantown is starting from $1,030 at Canterbury Woods Apartments.
What is the most affordable Germantown Three Bedroom Apartment?
The best deal on a cheap Germantown Three Bedroom Apartment rental is at Legacy on Lynnfield and starts from $1,450.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.