Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $800 (52 Rentals)

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

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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property at 6774 Enchanted Oak Pl

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 2 Bath Condo for Rent

Available Jun 18

6774 Enchanted Oak Pl, Unit 3, Unit 3

6774 Enchanted Oak Pl
MemphisTN38120
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Poplar Pines Apartments
1 to 2 Bedroom Apartments

Poplar Pines Apartments

1867 Poplar Pines DrMemphis, TN 38119
  • Utilities Included

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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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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Sonesta ES Memphis
1 to 2 Bedroom Apartments

Sonesta ES Memphis

6141 Poplar PikeMemphis, TN 38119
Corporate Housing
  • 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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Cordova Creek
Rent Specials
$1,133 - $3,447
Total Monthly Price

Total Monthly Price

Base Rent
$1,133 - $3,447
Total Monthly Price
$1,133 - $3,447
1 to 2 Bedroom Apartments Available Now

Cordova Creek

7965 Humphreys Hill DrCordova, TN 38016
Family Friendly
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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.

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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 $824. The Willows at Shelby Farms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $908. Here are the most affordable Germantown apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsSycamore1BR,1BA$824
The Willows at Shelby Farms1X1-Ash1BR,1BA$908
The View at Shelby FarmsA1 - Willow1BR,1BA$916
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
The Vale Apartments and TownhomesBradford - 1 Bed, 1 Bath1BR,1BA$1,011
Trinity LakesPolo - 1x11BR,1BA$1,039
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1,040
Park Place at Shelby Farms1Bd/1Ba Classic1BR,1BA$1,097
240 Flats1 Bedroom 1 Bathroom1BR,1BA$1,099
Cordova CreekA11BR,1BA$1,133

Best Value Apartments for Rent in Germantown, TN

As of April 26, 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 $2,149. 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$1.17
Poplar Place TownhomesLennox2BR,1.5BA$1.01
The Bridges at Germantown ApartmentsA21BR,1BA$1.39
The RoxburyA2R1BR,1BA$1.41
The View at Shelby FarmsA3 - Willow1BR,1BA$1.24
Cordova CreekA11BR,1BA$1.45
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.37
Greenbrook at Shelby FarmsPine1BR,1BA$1.15

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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!

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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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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 #31

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 a cheap apartment in Germantown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Germantown is under $1,133.

What is the price of a cheap apartment in Germantown?

The cheapest apartment in Germantown is Greenbrook at Shelby Farms which is listed at $824, while the average apartment in Germantown costs $1,800.

What types of apartments are the cheapest in Germantown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Germantown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Germantown?

Cheap apartments in Germantown have an average cost of $338 which is $1,462 cheaper than the average rent for all rentals in Germantown.

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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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.

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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.