Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $900 (8 Rentals)

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

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.

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.

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 $846. 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$846
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$910
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975

Best Value Apartments for Rent in Germantown, TN

As of May 28, 2025 the best value apartment in the Germantown area is the $1.41 price per square foot B1 Model at The Garden District Apartments in the in the Germantown neighborhood starting from $1,976. The second greatest value Germantown apartment is the Two bedroom x 1.5 Bath Model at Ridgeway Commons Townhomes starting at $1,275 with a $0.98 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 ApartmentsB12BR,1.5BA$1.41
Ridgeway Commons TownhomesTwo bedroom x 1.5 Bath2BR,1.5BA$0.98
Poplar Place TownhomesLennox2BR,1.5BA$0.99
Appling LakesB32BR,1BA$1.34
RoxburyClairmont2BR,1.5BA$1.25
Legacy on Lynnfield1x11BR,1BA$1.37
The View at Shelby FarmsA1 - Willow1BR,1BA$1.31
Greenbrook at Shelby FarmsMagnolia1BR,1BA$1.18
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1.48
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.26

Quick Rent Budget Calculator

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Frequently Asked Questions about Germantown

What type of rentals are currently available in Germantown?

There are currently 50 Apartments for Rent in Germantown, TN with pricing that ranges from $846 to $5,426. There are also 170 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $950 to $6,000.

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 $950 to $6,000 with an average monthly rent of $2,491.

How much are larger Three and Four Bedroom Rentals in Germantown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Germantown range from $1,170 to $5,426, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,550.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.