Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $800 (16 Rentals)

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

property at 2367 Forest Ave

2367 Forest Ave

MemphisTN38112

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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 $829. Canterbury Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $920. 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$920
The Willows at Shelby Farms1X1-Ash1BR,1BA$948
The View at Shelby FarmsA2 - Willow1BR,1BA$968
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975

Best Value Apartments for Rent in Germantown, TN

As of September 11, 2025 the best value apartment in the Germantown area is the $1.31 price per square foot C1 With Den Model at The Garden District Apartments in the in the Germantown neighborhood starting from $2,353. The second greatest value Germantown apartment is the Essex - 3x2 Model at Farmington Gates starting at $1,795 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.
The Garden District ApartmentsC1 With Den3BR,2.5BA$1.31
Farmington GatesEssex - 3x23BR,2BA$1.37
Poplar Place TownhomesLennox2BR,1.5BA$1.06
RoxburyClairmont2BR,1.5BA$1.17
MAA Dexter LakeResorter1BR,1BA$1.44
The View at Shelby FarmsA2 - Willow1BR,1BA$1.21
Legacy on Lynnfield - NEWLY UPGRADED1x11BR,1BA$1.37
Greenbrook at Shelby FarmsMagnolia1BR,1BA$1.15
Trinity LakesMarathon - 1x1 Medium1BR,1BA$1.48
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.27

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Pet Friendly Lifestyle
Germantown, Memphis, TN

Ranked #19

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $800 to $3,745. There are also 192 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $800 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 $800 to $4,500 with an average monthly rent of $2,004.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.