
Cheap Homes for Rent in Germantown Neighborhood of Memphis, TN from $800 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Germantown area of Memphis.


1355 Garden Rd

6726 Quail Hollow Ct

6760 Meadow Oak Pl

1855 Poplar Woods Cir E

1207 Chamberlain Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

6734 Quail Hollow Ct

1855 Poplar Woods Cir W, Unit Spacious 1BR 1BA for rent

Furnished Studio-Memphis - Poplar Avenue

1514 Estacada Way

6561 Poplar Woods Cir E

2174 Hunter's Crossing
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.

6706-2 Majestic Oaks Pl

Furnished Studio-Memphis - Quail Hollow

6586 Poplar Woods Cir S

1508 Beaver Trail Dr

6675 Whitten Pine Dr

6699 Whispering Oak Pl
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

1390 Greenland Rd

6757 Whitten Pine Dr

1229 Calebs Ridge Dr

8349 Honey Dew Cove

1180 Brady Hollow Ln

8216 Shallow Glen Trail
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.

1714 Ridge Oak Pl

1574 Beaver Trail Dr

1522 Beaver Trail Dr
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 | $1,347 | $895 | $1,850 |
| Germantown 3 Bedroom Homes for Rent | $1,795 | $1,300 | $2,995 |
| Germantown 4 Bedroom Homes for Rent | $2,183 | $1,495 | $3,300 |
| Germantown 5 Bedroom Homes for Rent | $2,179 | $1,250 | $3,100 |
| Germantown 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 27 rentals with your search options within a 3 mile radius of the Germantown Neighborhood of Memphis, TN.
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Germantown, Memphis, TN Local Guide
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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 $732. Arbors of Century Center has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. 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 | $732 |
| Arbors of Century Center | Ash - 1x1 Upgrade | 1BR,1BA | $799 |
| Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $920 |
| The View at Shelby Farms | A2 - Willow | 1BR,1BA | $932 |
| The Willows at Shelby Farms | 1X1-Ash | 1BR,1BA | $935 |
| 240 Flats | Studio 1 Bathroom | Studio,1BA | $999 |
| MAA Kirby Station | LaSalle | 1BR,1BA | $1,008 |
| The Vale Apartments and Townhomes | Elm - 1 Bed, 1 Bath | 1BR,1BA | $1,013 |
| Legacy on Lynnfield - NEWLY UPGRADED | 1x1 | 1BR,1BA | $1,040 |
| Trinity Lakes | Marathon - 1x1 Medium | 1BR,1BA | $1,054 |
Best Value Apartments for Rent in Germantown, TN
As of January 27, 2026 the best value apartment in the Germantown area is the $0.97 price per square foot 2 Bedroom-2.5 Bath Model at Fairfax Manor Townhomes in the in the Germantown neighborhood starting from $1,315. The second greatest value Germantown apartment is the Dupree Model at Poplar Place Townhomes starting at $1,275 with a $1.07 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. |
|---|---|---|---|
| Fairfax Manor Townhomes | 2 Bedroom-2.5 Bath | 2BR,2.5BA | $0.97 |
| Poplar Place Townhomes | Dupree | 2BR,1.5BA | $1.07 |
| Roxbury | Englewood | 2BR,1.5BA | $1.31 |
| MAA Dexter Lake | Magellan | 2BR,2BA | $1.39 |
| Madison Shelby Farms | The Riverstone | 1BR,1BA | $1.30 |
| The View at Shelby Farms | A2 - Willow | 1BR,1BA | $1.17 |
| Legacy on Lynnfield - NEWLY UPGRADED | 1x1 | 1BR,1BA | $1.37 |
| Greenbrook at Shelby Farms | Pine | 1BR,1BA | $1.06 |
| Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.27 |
| Arbors of Century Center | Ash - 1x1 Upgrade | 1BR,1BA | $1.29 |
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
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!
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleGermantown, Memphis, TN
Ranked #20
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $763 to $3,745. There are also 173 Single Family Homes for rent, Condos, and Townhome rentals currently available in Germantown ranging from $895 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 $895 to $4,500 with an average monthly rent of $2,168.
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 $1,299 to $2,711, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,800.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.