Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $900 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

property at 971 June Rd

971 June Rd, Unit 4

971 June Rd
MemphisTN38119
property at 6601 Poplar Ave

6601 Poplar Ave

GermantownTN38138

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.

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 $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

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

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Germantown

What type of rentals are currently available in Germantown?

There are currently 47 Apartments for Rent in Germantown, TN with pricing that ranges from $829 to $5,307. There are also 184 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $975 to $4,500.

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 $975 to $4,500 with an average monthly rent of $1,852.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.