
Cheap Apartments for Rent in Germantown, TN from $694 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in Germantown.


1855 Poplar Woods Cir W, Unit Spacious 1BR 1BA for rent

Farmington Gates

The Bridges at Germantown Apartments

The Grove Germantown Apartments

The Vineyards

1809 Adair Bridge Cv, Unit 1

6750 Quail Hollow Ct

1855 Poplar Woods Cir W

1865 Poplar Woods Cir E
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
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1828 Eagle Branch Cove

The District Apartments

Hickory Grove

The Trails at Mt. Moriah

Riverdale

Edge at Lakeview

The Park at Hollyford

The Park at New Castle

Park Place at Shelby Farms

The Nova Apartments
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MAA Southwind

Champions Hills at Windyke

The Brooklyn Memphis

The Bowery

Landings At Winchester

The Ellington at Kirby

1710 Kirby Pkwy

MAA Kirby Station
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.

The Willows at Shelby Farms

Legacy on Lynnfield - NEWLY UPGRADED

240 Flats

The View at Shelby Farms

The Franklin

The Vale Apartments and Townhomes

Dogwood Creek

The Westbury

Waterford Place Apartment Homes

Fairfax Manor Townhomes
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

Fieldstone

Poplar Place Townhomes

The Roxbury

1710 Kirby Pky

Walnut Hill Apartments

The Villas at Germantown Apartments

7269 German Creek Park

Total Monthly Price
The Wyndham Apartments

The Preserve at Forest Creek

Arbors River Oaks Apartments
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Germantown, TN Local Guide

How much does it cost to rent an apartment in Germantown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Germantown Studio Apartments | $1,343 | $999 | $1,822 |
| Cheap Germantown 1 Bedroom Apartments | $1,187 | $694 | $2,850 |
| Cheap Germantown 2 Bedroom Apartments | $1,432 | $895 | $3,718 |
| Cheap Germantown 3 Bedroom Apartments | $2,108 | $1,210 | $3,645 |
| Cheap Germantown 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Top Apartments in Germantown
See all Apartments in GermantownExplore Germantown
Germantown, TN Local Guide
- Germantown Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Germantown Apartments for Rent
 The cheapest available apartment rental in Germantown, TN is a 1 Bed unit found at Hickory Grove in the Oakhaven neighborhood priced from $750. The Trails at Mt. Moriah in the Oakhaven neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here is today’s list of the most affordable Germantown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hickory Grove | Pecan | 1BR, 1BA | $750 |
| The Trails at Mt. Moriah | 1 bed 1 bath C | 1BR, 1BA | $780 |
| The Park at New Castle | 1 Bedroom / 1 Bathroom | 1BR, 1BA | $800 |
| Park Place at Shelby Farms | 1Bd/1Ba Classic | 1BR, 1BA | $800 |
| The Nova Apartments | Ash - 1 Bed, 1 Bath | 1BR, 1BA | $836 |
| The Elevation at Autumn Ridge | One Bedroom | 1BR, 1BA | $860 |
| Edge at Lakeview | 1 Bedroom 1 Bathroom | 1BR, 1BA | $865 |
| The Park at Hollyford | 1 Bedroom / 1 Bathroom Gold | 1BR, 1BA | $875 |
| MAA Southwind | Spyglass | 1BR, 1BA | $878 |
| The Bowery | 1 Bed 1 Bath Classic | 1BR, 1BA | $910 |
Best Value Apartments for Rent in Germantown, TN
As of September 22, 2026 the best value apartment in the Germantown area is the $1.31 price per square foot B1 Model at The Garden District Apartments in the Germantown neighborhood starting from $1,839. The second greatest value Germantown apartment is the 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes in the Germantown neighborhood starting at $1,465 with a $1.09 price per square foot. 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. |
|---|---|---|---|
| The Garden District Apartments | B1 | 2BR, 1.5BA | $1.31 |
| Fairfax Manor Townhomes | 2 Bedroom-2.5 Bath | 2BR, 2.5BA | $1.09 |
| Poplar Place Townhomes | Lennox | 2BR, 1.5BA | $1.01 |
| The District Apartments | Midtown - 2 Bed 2 Bath | 2BR, 2BA | $0.99 |
| The Roxbury | B1R | 2BR, 1.5BA | $1.34 |
| The Ellington at Kirby | 2 Bedroom 2 Bath Up | 2BR, 2BA | $1.27 |
| The Bridges at Germantown Apartments | A1 | 1BR, 1BA | $1.32 |
| The View at Shelby Farms | A2 - Willow | 1BR, 1BA | $1.32 |
| Legacy on Lynnfield - NEWLY UPGRADED | 1x1 | 1BR, 1BA | $1.28 |
| Hickory Grove | Pecan | 1BR, 1BA | $1.32 |
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!
Read ArticleDon'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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleGermantown, TN
Ranked #11
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Germantown, TN Rentals by Map
See the most popular apartments and homes in Germantown, TN
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 The Villas at Germantown Apartments listed at $1,218.
How much is rent for a Cheap One Bedroom Germantown Apartment?
The lowest price for a Cheap One Bedroom Germantown Apartment is $750 at Hickory Grove.
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 $935 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 Hickory Grove and starts from $1,280.
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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Articles, How-To's, and Tips

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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