Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $700 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Germantown area of Memphis.

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Cedar Ridge
2 Bedroom Apartments

Cedar Ridge

6977 Amberly Village DrCordova, TN 38018
Showing Results 1-48, Page 1 of 1

Germantown, Memphis, TN Local Guide

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 ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsSycamore1BR,1BA$859
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$910
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
MAA Kirby StationLaSalle1BR,1BA$983
The Vale Apartments and TownhomesBradford - 1 Bed, 1 Bath1BR,1BA$995
Park's Edge at Shelby FarmsA2.LR - Equestrian Renovated1BR,1BA$1,006
The Willows at Shelby Farms1X1-Ash1BR,1BA$1,009
Legacy on Lynnfield1x11BR,1BA$1,040
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1,109
Villas at Cordova1BR 1BA 662sf1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
597 Shelley Renee Ln597 Shelley Renee Ln4BR,2BA$1.06
1115 Hunters Green Cir S1115 Hunters Green Cir S3BR,2.5BA$1.09
Ridgeway Commons TownhomesTwo bedroom x 1.5 Bath2BR,1.5BA$0.98
Poplar Place TownhomesDupree2BR,1.5BA$0.99
MAA Dexter LakeResorter1BR,1BA$1.45
Park's Edge at Shelby FarmsA3.LR - Arcaro Renovated1BR,1BA$1.47
Legacy on Lynnfield1x11BR,1BA$1.37
Greenbrook at Shelby FarmsPine1BR,1BA$1.19
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1.48
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.26

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Pet Friendly Lifestyle
Germantown, Memphis, TN

Ranked #24

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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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.

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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.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

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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.