
Top Rated Apartments for Rent in Germantown, TN Under $1,500 (17 Rentals)
Apartments in Germantown with the best features, newest construction, and richest amenities.


Miller Creek at Germantown Apartments

Fieldstone

Centennial Gardens

Waterford Place Apartment Homes
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.

MONTICELLO

Dogwood Creek

Legacy on Lynnfield - NEWLY UPGRADED

240 Flats

MAA Kirby Station
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.

The Elevation at Autumn Ridge

The Brooklyn Memphis

The Local Apartments

The Bowery

The Trails at Mt. Moriah
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.

The Edge of Germantown

Ridgeway Commons Townhomes
Germantown, TN Local Guide

How much does it cost to rent an apartment in Germantown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Germantown Studio Apartments | $1,399 | $999 | $1,814 |
| Germantown 1 Bedroom Apartments | $1,196 | $699 | $2,818 |
| Germantown 2 Bedroom Apartments | $1,423 | $918 | $3,745 |
| Germantown 3 Bedroom Apartments | $2,068 | $1,285 | $3,250 |
| Germantown 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Explore Germantown
Germantown, TN Local Guide
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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 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 #10
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 Germantown
How much are Studio apartments in Germantown?
There are currently 8 Studio Apartments in Germantown with rent ranges from $699 to $1,814 with an average price of $1,577.
What is the current price range for One Bedroom Germantown Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Germantown ranges from $699 to $2,818 with an average monthly rent of $1,196.
What does renting a Two Bedroom Apartment in Germantown cost?
The monthly rent prices of Two Bedroom Apartments currently available in Germantown range from $918 to $3,745. Today's average rental price for Two Bedrooms here is $1,423.
How expensive are Germantown Three Bedroom Apartments?
There are currently 43 Three Bedroom Apartments listings available in Germantown on ApartmentHomeLiving.com. The pricing ranges from $1,285 to $3,250 - averaging $2,068 for the location.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.