Cheap Homes for Rent in Germantown, TN from $1,000 (30 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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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.

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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.

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Showing Results 1-30, Page 1 of 1

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 Bowery in the Oakhaven neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $756. 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 Bowery1 Bed 1 Bath Classic1BR,1BA$756
The Local ApartmentsRoss - 1 Bed, 1 Bath1BR,1BA$808
The District ApartmentsUptown - 1 Bed, 1 Bath Studio1BR,1BA$819
The Brooklyn Memphis1 Bed 1 Bath Classic1BR,1BA$819
Hickory GrovePecan1BR,1BA$850
Riverdale1 Bed, 1.5 baths1BR,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 Gold Deluxe1BR,1BA$915

Best Value Apartments for Rent in Germantown, TN

As of May 21, 2026 the best value apartment in the Germantown area is the $1.34 price per square foot c1 Model at The Garden District Apartments in the in the Germantown neighborhood starting from $2,144. The second greatest value Germantown apartment is the 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes starting at $1,465 with a $1.09 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 Garden District Apartmentsc13BR,2.5BA$1.34
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
Farmington GatesEssex - 3x23BR,2BA$1.36
Poplar Place TownhomesLennox2BR,1.5BA$1.01
Champions Hills at WindykeTwo Bedroom Upstair With Sunro2BR,2BA$1.21
The Ellington at Kirby2 Bedroom 2 Bath Up2BR,2BA$1.18
MONTICELLODogwood-1 bedroom 900 SQ FT1BR,1BA$1.28
The View at Shelby FarmsA3 - Willow1BR,1BA$1.25
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.37
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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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.

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Pet Friendly Lifestyle
Germantown, TN

Ranked #10

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!

Explore Germantown, TN Rentals by Map

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See the most popular apartments and homes in Germantown, TN

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Frequently Asked Questions about Germantown

What type of rentals are currently available in Germantown?

There are currently 80 Apartments for Rent in Germantown, TN with pricing that ranges from $699 to $3,789. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $1,075 to $5,450.

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 $1,075 to $5,450 with an average monthly rent of $2,951.

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 $1,285 to $3,789, 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 $1,930 and Four Bedroom Apartments start at $1,800.

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

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

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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.

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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.

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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.