Cheap Apartments for Rent in Germantown, TN from $700 (113 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Germantown, TN Local Guide

Cheapest Available Germantown Apartments for Rent

 

The cheapest available apartment rental in Germantown, TN is a 1 Bed unit found at The Trails at Mt. Moriah in the Oakhaven neighborhood priced from $752. Hickory Grove in the Oakhaven neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Germantown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Trails at Mt. Moriah1 bed 1 bath1BR,1BA$752
Hickory GrovePecan1BR,1BA$799
The Local ApartmentsRoss - 1 Bed, 1 Bath1BR,1BA$818
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$835
The Nova ApartmentsAsh - 1 Bed, 1 Bath1BR,1BA$836
The Elevation at Autumn RidgeOne Bedroom1BR,1BA$860
Edge at Lakeview1 Bedroom 1 Bathroom1BR,1BA$865
The District ApartmentsDowntown - 1Bed, 1 Bath1BR,1BA$870
MAA SouthwindSpyglass1BR,1BA$873
The Park at Hollyford1 Bedroom / 1 Bathroom Gold1BR,1BA$875

Best Value Apartments for Rent in Germantown, TN

As of August 08, 2026 the best value apartment in the Germantown area is the $1.09 price per square foot 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,465. The second greatest value Germantown apartment is the Magnolia Model at The Preserve at Forest Creek starting at $1,654 with a $1.23 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.
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
The Preserve at Forest CreekMagnolia3BR,2BA$1.23
Poplar Place TownhomesLennox2BR,1.5BA$1.01
The Westbury2x2 - 1st Floor with Garage2BR,2BA$1.17
The Bridges at Germantown ApartmentsA11BR,1BA$1.32
MONTICELLODogwood-1 bedroom 900 SQ FT1BR,1BA$1.17
Walnut Hill ApartmentsOne Bedroom - 11BR,1BA$1.28
The View at Shelby FarmsA3 - Willow1BR,1BA$1.34
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.35
Landings At Winchester1 BR/1 BA1BR,1BA$1.34

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Germantown, TN

Ranked #12

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Germantown Apartments

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

The lowest price for a Cheap One Bedroom Germantown Apartment is $752 at The Trails at Mt. Moriah.

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 $970 at The Park at New Castle.

What is the most affordable Germantown Three Bedroom Apartment?

The best deal on a cheap Germantown Three Bedroom Apartment rental is at Edge at Lakeview and starts from $1,360.

Expert Rental Resources

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.

Helpful Local Expert Guides

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Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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