Cheap Apartments for Rent in the Germantown Neighborhood of Memphis, TN from $800 (37 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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property at 971 June Rd

971 June Rd, Unit 4

971 June Rd
MemphisTN38119

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 6601 Poplar Ave

6601 Poplar Ave

GermantownTN38138

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Cedar Ridge
2 Bedroom Apartments

Cedar Ridge

6977 Amberly Village DrCordova, TN 38018
Showing Results 1-37, 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 $829. Canterbury Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Germantown apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsSycamore1BR,1BA$829
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$910
The View at Shelby FarmsA1 - Willow1BR,1BA$938
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
The Vale Apartments and TownhomesElm - 1 Bed, 1 Bath1BR,1BA$988
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1,040
The Willows at Shelby Farms1X1-Ash1BR,1BA$1,044
Villas at Cordova1BR 1BA 810sf1BR,1BA$1,044
MAA Kirby StationLaSalle1BR,1BA$1,083
240 Flats1 Bedroom 1 Bathroom1BR,1BA$1,099

Best Value Apartments for Rent in Germantown, TN

As of July 26, 2025 the best value apartment in the Germantown area is the $1.35 price per square foot C1 With Den Model at The Garden District Apartments in the in the Germantown neighborhood starting from $2,437. The second greatest value Germantown apartment is the Essex - 3x2 Model at Farmington Gates starting at $1,715 with a $1.31 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 ApartmentsC1 With Den3BR,2.5BA$1.35
Farmington GatesEssex - 3x23BR,2BA$1.31
Poplar Place TownhomesDupree2BR,1.5BA$1.07
RoxburyDarlington2BR,1.5BA$1.34
Greenbrook at Shelby FarmsWillow2BR,1.5BA$1.10
Trinity LakesCroquet - 2x22BR,2BA$1.36
MAA Dexter LakeResorter1BR,1BA$1.41
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.37
The View at Shelby FarmsA1 - Willow1BR,1BA$1.24
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.26

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Germantown, Memphis, TN

Ranked #18

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

Pet Friendliness Lifestyle Score

4.0
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 Siegel Select Memphis listed at $1,434.

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

The lowest price for a Cheap One Bedroom Germantown Apartment is $826 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 $1,007 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 Legacy on Lynnfield - NEWLY UPGRADED and starts from $1,350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.