Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $700 (39 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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MAA Kirby Station
1 to 2 Bedroom Apartments

MAA Kirby Station

6653 N Quail H...Memphis, TN 38120
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Poplar Pines Apartments
1 to 2 Bedroom Apartments

Poplar Pines Apartments

1867 Poplar Pines DrMemphis, TN 38119
  • Utilities Included

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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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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Cedar Ridge
2 Bedroom Apartments

Cedar Ridge

6977 Amberly Village DrCordova, TN 38018
Showing Results 1-39, Page 1 of 1

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 $745. Arbors of Century Center has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Germantown apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsSycamore1BR,1BA$745
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$799
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$920
The Willows at Shelby Farms1X1-Ash1BR,1BA$930
The View at Shelby FarmsA2 - Willow1BR,1BA$941
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1,009
The Vale Apartments and TownhomesElm - 1 Bed, 1 Bath1BR,1BA$1,024
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1,054
MAA Kirby StationLaSalle1BR,1BA$1,093
240 Flats1 Bedroom 1 Bathroom1BR,1BA$1,099

Best Value Apartments for Rent in Germantown, TN

As of December 11, 2025 the best value apartment in the Germantown area is the $1.09 price per square foot 4 Bedroom Gar Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,800. The second greatest value Germantown apartment is the c1 Model at The Garden District Apartments starting at $1,824 with a $1.14 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.
Fairfax Manor Townhomes4 Bedroom Gar4BR,3BA$1.09
The Garden District Apartmentsc13BR,2.5BA$1.14
Farmington GatesEssex - 3x23BR,2BA$1.20
Poplar Place TownhomesDupree2BR,1.5BA$1.07
RoxburyEnglewood2BR,1.5BA$1.31
The View at Shelby FarmsA3 - Willow1BR,1BA$1.25
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.33
Greenbrook at Shelby FarmsMagnolia1BR,1BA$1.04
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.27
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$1.29

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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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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, Memphis, TN

Ranked #22

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

Pet Friendliness Lifestyle Score

3.5
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 $1,395.

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

The lowest price for a Cheap One Bedroom Germantown Apartment is $745 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 $862 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 Arbors of Century Center and starts from $1,299.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!