
Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Germantown area of Memphis.


6692 Whispering Oak Pl

6724 Majestic Oak Pl

6740 Quail Hollow Ct
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.

6753 Whitten Pine Dr

6240 Macon Rd

1619 Old Mill Stream

971 June Rd, Unit 4
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

How much does it cost to rent a home in Germantown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Germantown 2 Bedroom Homes for Rent | $1,390 | $1,175 | $1,697 |
Germantown 3 Bedroom Homes for Rent | $1,839 | $1,485 | $2,300 |
Germantown 4 Bedroom Homes for Rent | $2,226 | $1,695 | $2,750 |
Germantown 5 Bedroom Homes for Rent | $5,950 | $5,900 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 3 mile radius of the Germantown Neighborhood of Memphis, TN.
Explore Memphis
Germantown, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 $847. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $847 |
Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $910 |
Arbors of Century Center | Ash - 1x1 Upgrade | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Garden District Apartments | B1 | 2BR,1.5BA | $1.41 |
Ridgeway Commons Townhomes | Two bedroom x 1.5 Bath | 2BR,1.5BA | $0.98 |
Poplar Place Townhomes | Lennox | 2BR,1.5BA | $0.99 |
Appling Lakes | B3 | 2BR,1BA | $1.34 |
Roxbury | Clairmont | 2BR,1.5BA | $1.25 |
Legacy on Lynnfield | 1x1 | 1BR,1BA | $1.37 |
The View at Shelby Farms | A1 - Willow | 1BR,1BA | $1.31 |
Greenbrook at Shelby Farms | Magnolia | 1BR,1BA | $1.18 |
Trinity Lakes | Marathon - 1x1 Medium | 1BR,1BA | $1.48 |
Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.26 |
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.
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 $847 to $5,426. There are also 165 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 $1,166 to $5,426, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,485 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.

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.

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.

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.

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.