Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $900 (18 Rentals)

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

property at 971 June Rd

971 June Rd, Unit 4

971 June Rd
MemphisTN38119
property at 8416 Jacob Dr

8416 Jacob Dr

MemphisTN38016
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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 $832. 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$832
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$910
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
The Vale Apartments and TownhomesBradford - 1 Bed, 1 Bath1BR,1BA$1,011
Legacy on Lynnfield1x11BR,1BA$1,040

Best Value Apartments for Rent in Germantown, TN

As of April 12, 2025 the best value apartment in the Germantown area is the $1.48 price per square foot C1 Model at The Bridges at Germantown Apartments in the in the Germantown neighborhood starting from $1,999. The second greatest value Germantown apartment is the Two bedroom x 1.5 Bath Model at Ridgeway Commons Townhomes starting at $1,275 with a $0.98 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.
The Bridges at Germantown ApartmentsC13BR,2BA$1.48
Ridgeway Commons TownhomesTwo bedroom x 1.5 Bath2BR,1.5BA$0.98
MAA Dexter LakeResorter1BR,1BA$1.55
Cordova CreekA11BR,1BA$1.49
Legacy on Lynnfield1x11BR,1BA$1.37
The View at Shelby FarmsA1 - Willow1BR,1BA$1.46
Greenbrook at Shelby FarmsPine1BR,1BA$1.17
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1.48
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.26
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$1.58

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Frequently Asked Questions about Germantown

What type of rentals are currently available in Germantown?

There are currently 54 Apartments for Rent in Germantown, TN with pricing that ranges from $832 to $7,430. There are also 174 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $950 to $6,500.

What is the current price range for Rental Homes in Germantown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Germantown ranges from $950 to $6,500 with an average monthly rent of $2,726.

How much are larger Three and Four Bedroom Rentals in Germantown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Germantown range from $1,375 to $6,258, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,550.

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.

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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

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.