Cheap Apartments for Rent in Germantown, TN from $600 (73 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
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 Germantown.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-50, Page 1 of 2

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 $699. The District Apartments 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 bath F1BR,1BA$699
The District ApartmentsUptown - 1 Bed, 1 Bath Studio1BR,1BA$799
The Bowery1 Bed 1 Bath Classic1BR,1BA$822
The Brooklyn Memphis1 Bed 1 Bath Classic1BR,1BA$829
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$835
Hickory Grove1 Bedroom, 1 Bathroom1BR,1BA$850
The Nova ApartmentsAsh - 1 Bed, 1 Bath1BR,1BA$860
The Elevation at Autumn RidgeOne Bedroom1BR,1BA$860
Edge at Lakeview1 Bedroom 1 Bathroom1BR,1BA$865
The Park at Hollyford1 Bedroom / 1 Bathroom Gold1BR,1BA$875

Best Value Apartments for Rent in Germantown, TN

As of January 22, 2026 the best value apartment in the Germantown area is the $1.24 price per square foot Three Bedroom Model at Walnut Hill Apartments in the in the Cordova-Appling neighborhood starting from $1,705. The second greatest value Germantown apartment is the 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes starting at $1,315 with a $0.97 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.
Walnut Hill ApartmentsThree Bedroom3BR,2BA$1.24
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$0.97
Poplar Place TownhomesDupree2BR,1.5BA$1.07
RoxburyEnglewood2BR,1.5BA$1.31
The Ellington at Kirby2 Bedroom 2 Bath Up2BR,2BA$1.32
The View at Shelby FarmsA2 - Willow1BR,1BA$1.17
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.37
The Brooklyn Memphis1 Bed 1 Bath Renovated1BR,1BA$1.36
Landings At Winchester1 BR/1 BA1BR,1BA$1.32
The District ApartmentsUptown - 1 Bed, 1 Bath Studio1BR,1BA$1.30

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 Article
Decorative image

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.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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

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

Explore Germantown, TN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Germantown, TN

View Map
Germantown, TN Apartments Map
View Map
Germantown, TN Rental Homes Map

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 $999.

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

The lowest price for a Cheap One Bedroom Germantown Apartment is $675 at The District Apartments.

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 $821 at The Trails at Mt. Moriah.

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.

Articles, How-To's, and Tips

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.