Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $700 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Cedar Ridge
2 Bedroom Apartments

Cedar Ridge

6977 Amberly Village DrCordova, TN 38018
Showing Results 1-47, 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 $861. 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$861
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$910
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
Park's Edge at Shelby FarmsA2.LR - Equestrian Renovated1BR,1BA$1,006
The Vale Apartments and TownhomesBradford - 1 Bed, 1 Bath1BR,1BA$1,011
MAA Kirby StationLaSalle1BR,1BA$1,013
The Willows at Shelby Farms1X1-Ash1BR,1BA$1,031
Legacy on Lynnfield1x11BR,1BA$1,040
Madison Shelby FarmsThe Rivermist1BR,1BA$1,072
240 FlatsStudio 1 BathroomStudio,1BA$1,099

Best Value Apartments for Rent in Germantown, TN

As of March 22, 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 B1 Model at The Garden District starting at $2,025 with a $1.45 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
The Garden DistrictB12BR,1.5BA$1.45
Ridgeway Commons TownhomesTwo bedroom x 1.5 Bath2BR,1.5BA$0.98
Poplar Place TownhomesDupree2BR,1.5BA$0.99
MAA Dexter LakeResorter1BR,1BA$1.46
Park's Edge at Shelby FarmsA3 - Gainsborough1BR,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

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Germantown, Memphis, TN

Ranked #23

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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 240 Flats listed at $1,099.

How much is rent for a Cheap One Bedroom Germantown Apartment?

The lowest price for a Cheap One Bedroom Germantown Apartment is $861 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 $990 at Greenbrook at Shelby Farms.

What is the most affordable Germantown Three Bedroom Apartment?

The best deal on a cheap Germantown Three Bedroom Apartment rental is at Poplar Place Townhomes 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.