Cheap Homes for Rent in Germantown, TN from $900 (18 Rentals)

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Search the lowest-cost Homes 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.

property at 3833 Lucerne Dr

$1,280

Total Monthly Price

Total Monthly Price

Base Rent
$1,269
Required Monthly Fees
$11

Total Monthly Price
$1,280

3 Bedroom, 2 Bath Home for Rent

Available Now

3833 Lucerne Dr

MemphisTN38115
property at 6702 Valley Park Dr

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,284
Required Monthly Fees
$11

Total Monthly Price
$1,295

3 Bedroom, 2 Bath Rentals

Available Now

6702 Valley Park Dr

MemphisTN38115

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.

property at 7842 Shadowland Cove

$1,385

Total Monthly Price

Total Monthly Price

Base Rent
$1,374
Required Monthly Fees
$11

Total Monthly Price
$1,385

3 Bedroom, 2.5 Bath Rentals

Available Now

7842 Shadowland Cove

MemphisTN38125

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.

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 $698. The Bowery in the Oakhaven neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $794. 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 A1BR,1BA$698
The Bowery1 Bed 1 Bath Classic1BR,1BA$794
The District ApartmentsUptown - 1 Bed, 1 Bath Studio1BR,1BA$799
The Brooklyn Memphis1 Bed 1 Bath Classic1BR,1BA$814
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$835

Best Value Apartments for Rent in Germantown, TN

As of February 19, 2026 the best value apartment in the Germantown area is the $0.93 price per square foot Fairmont Model at Poplar Place Townhomes in the in the Germantown neighborhood starting from $1,499. The second greatest value Germantown apartment is the c1 Model at The Garden District Apartments starting at $2,043 with a $1.28 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.
Poplar Place TownhomesFairmont3BR,2.5BA$0.93
The Garden District Apartmentsc13BR,2.5BA$1.28
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
Bailey Creek Apartment HomesWaterside-Renovated3BR,2BA$1.26
The Local ApartmentsRiverdale - 2 Bed, 1 Bath2BR,1BA$1.21
MONTICELLODogwood-1 bedroom 900 SQ FT1BR,1BA$1.28
The View at Shelby FarmsA2 - Willow1BR,1BA$1.23
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.37
The Brooklyn Memphis1 Bed 1 Bath Renovated1BR,1BA$1.37
Landings At Winchester1 BR/1 BA1BR,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!

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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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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.

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

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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 $698 to $4,398. There are also 134 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $925 to $15,000.

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 $925 to $15,000 with an average monthly rent of $2,023.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.