Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $700 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Germantown area of Memphis.

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property at 6705 Majestic Oak Pl

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 2 Bath Condo for Rent

Available Now

6705 Majestic Oak Pl, Unit 6705

6705 Majestic Oak Pl
MemphisTN38120
property at 6761 Whitten Pine Dr

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

3 Bedroom, 2 Bath Townhome for Rent

Available Now

6761 Whitten Pine Dr

MemphisTN38134
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Poplar Pines Apartments
1 to 2 Bedroom Apartments

Poplar Pines Apartments

1867 Poplar Pines DrMemphis, TN 38119
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

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property at 6297 Bronte Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

6297 Bronte Ave

MemphisTN38134

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Germantown, Memphis, TN Local Guide

Cheapest Available Germantown Apartments for Rent

 

The cheapest available apartment rental in the Germantown area of Memphis, TN is a 1 Bed unit found at Greenbrook at Shelby Farms priced from $796. The Willows at Shelby Farms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. Here are the most affordable Germantown apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsMagnolia1BR,1BA$796
The Willows at Shelby Farms1X1-Ash1BR,1BA$929
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$935
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$959
Park Place at Shelby Farms1Bd/1Ba Classic1BR,1BA$978
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1,029
The View at Shelby FarmsA2 - Willow1BR,1BA$1,038
MAA Kirby StationLaSalle1BR,1BA$1,043
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1,054
Cordova Creek ApartmentsThe Brook1BR,1BA$1,067

Best Value Apartments for Rent in Germantown, TN

As of July 27, 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 $2,181 with a $1.36 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$1.36
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
The Bridges at Germantown ApartmentsB12BR,2BA$1.28
MAA Dexter LakeResorter1BR,1BA$1.39
The View at Shelby FarmsA3 - Willow1BR,1BA$1.31
Cordova Creek ApartmentsThe Brook1BR,1BA$1.37
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.35
Greenbrook at Shelby FarmsSycamore1BR,1BA$1.10
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.29

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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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, Memphis, TN

Ranked #33

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Tennessee and customized analysis for Eastern Memphis, TN. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

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 Velo Shelby Farms listed at $1,356.

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

The lowest price for a Cheap One Bedroom Germantown Apartment is $796 at Greenbrook at Shelby Farms.

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 $938 at Greenbrook at Shelby Farms.

What is the most affordable Germantown Three Bedroom Apartment?

The best deal on a cheap Germantown Three Bedroom Apartment rental is at The Willows at Shelby Farms and starts from $1,395.

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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Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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