Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $1,000 (24 Rentals)

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

property at 5652 Hinton Pl

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Home for Rent

Available Now

5652 Hinton Pl

MemphisTN38119

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property at 1390 Greenland Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 2 Bath Home for Rent

Available Now

1390 Greenland Rd

MemphisTN38134

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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 $836. The Willows at Shelby Farms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Germantown apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsSycamore1BR,1BA$836
The Willows at Shelby Farms1X1-Ash1BR,1BA$899
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
Ridgeway Commons Townhomes1x11BR,1BA$975
The Vale Apartments and TownhomesElm - 1 Bed, 1 Bath1BR,1BA$1,010

Best Value Apartments for Rent in Germantown, TN

As of March 15, 2026 the best value apartment in the Germantown area is the $1.25 price per square foot C2 Model at Appling Lakes in the in the Germantown neighborhood starting from $1,897. The second greatest value Germantown apartment is the B1 Model at The Garden District Apartments starting at $1,919 with a $1.37 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.
Appling LakesC23BR,2BA$1.25
The Garden District ApartmentsB12BR,1.5BA$1.37
Fairfax Manor Townhomes2 Bedroom-2.5 Bath2BR,2.5BA$1.09
Poplar Place TownhomesLennox2BR,1.5BA$1.01
The RoxburyB2R2BR,1.5BA$1.36
Legacy on Lynnfield - NEWLY UPGRADED2x22BR,2BA$1.18
Cordova CreekB12BR,1BA$1.12
The View at Shelby FarmsA2 - Willow1BR,1BA$1.40
Greenbrook at Shelby FarmsPine1BR,1BA$1.21
Ridgeway Commons Townhomes1x11BR,1BA$1.30

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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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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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Frequently Asked Questions about Germantown

What type of rentals are currently available in Germantown?

There are currently 45 Apartments for Rent in Germantown, TN with pricing that ranges from $836 to $3,745. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $1,050 to $3,100.

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 $1,050 to $3,100 with an average monthly rent of $1,862.

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 $1,350 to $2,711, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,235 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,735 and Four Bedroom Apartments start at $1,723.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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