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Rental Market Trends in Germantown, TN

What is the average rent in Germantown, TN?

$1,724/month

Average Rent

908 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of September 2025, the average rent in Germantown, TN is $1,724 per month. For comparison, the national average rent price in the US is currently $1,639/month, which means Germantown rent prices are 5% higher than the national average. When you rent an apartment in Germantown, you can expect to pay about per month for a studio, $1,724 for a one-bedroom apartment, and around $2,059 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,099 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,724/month
908 Sq Ft
Two Bedroom
$2,059/month
1,248 Sq Ft
Three Bedroom
$2,099/month
1,527 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,268/month
967 Sq Ft
Three Bedroom
$1,732/month
1,239 Sq Ft
Four Bedroom
$2,373/month
1,572 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,523/month
619 Sq Ft
Two Bedroom
$1,354/month
1,116 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,571/month
802 Sq Ft

How much has average rent changed in Germantown, TN?

In the past year, rent has increased by 1.3%, which averages out to $24 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Germantown?

Based on current rent prices, Laurels is the most affordable neighborhood in Germantown.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Laurels
$1,409/month
804 Sq Ft

What are the most expensive neighborhoods in Germantown?

Based on current rent prices, Laurels is the most expensive neighborhood in Germantown.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Laurels
$1,409/month
804 Sq Ft

Which Germantown neighborhoods have the most rentals available?

The neighborhood in Germantown with the most apartments available is Laurels .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Laurels
$1,409/month
804 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Germantown, TN?

Because the average rent in Germantown is $1,724, you’ll want to make about $5,746 per month or $68,952 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Germantown, TN

4,904 Available Apartments for Rent

Search for Nearby Apartments

How does Germantown, TN compare to other nearby cities and neighborhoods?

Use the tool below to compare Germantown, TN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Germantown, TN

Apartment Averages

Laurels

Germantown, TN

Laurels

Germantown, TN

Studio
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-
One Bedroom
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Two Bedroom
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-
Three Bedroom
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Nearby City Rent Trends

  • Collierville Average Rent
  • Cordova Average Rent
  • Olive Branch Average Rent
  • Memphis Average Rent
  • Bartlett Average Rent
  • Lakeland Average Rent
  • Arlington Average Rent

Apartment communities in Germantown we think you'll love

The Grove Germantown Apartments

The Grove Germantown Apartments

7865 Grove Ct W,
Germantown, TN 38138

$1,659 - $5,232

1-3 Beds

Farmington Gates

Farmington Gates

2216 Brierbrook Rd,
Germantown, TN 38138

$1,354 - $1,857

1-3 Beds

Trinity Lakes

Trinity Lakes

7935 Club Dr,
Cordova, TN 38016

$1,059 - $1,400

1-2 Beds

Centennial Gardens

Centennial Gardens

7841 N Garden Manor Dr,
Memphis, TN 38125

$1,179 - $1,939

1-3 Beds

Property Management Companies in Germantown, TN

Multi-South Management
Multi-South Management
  • 40

    Communities

  • 9,197

    Units

  • 9

    Cities

11 Communities in Germantown
CLK Properties
CLK Properties
  • 60

    Communities

  • 17,590

    Units

  • 33

    Cities

5 Communities in Germantown
Oro Capital Advisors
Oro Capital Advisors
  • 18

    Communities

  • 4,551

    Units

  • 9

    Cities

5 Communities in Germantown
Fogelman Properties
Fogelman Properties
  • 55

    Communities

  • 15,845

    Units

  • 34

    Cities

4 Communities in Germantown
MAA
MAA
  • 288

    Communities

  • 100,543

    Units

  • 114

    Cities

3 Communities in Germantown
IRT Living
IRT Living
  • 109

    Communities

  • 31,940

    Units

  • 70

    Cities

3 Communities in Germantown
Blue Magma Residential
Blue Magma Residential
  • 32

    Communities

  • 9,445

    Units

  • 14

    Cities

3 Communities in Germantown
Greystar
Greystar
  • 3,357

    Communities

  • 935,444

    Units

  • 860

    Cities

2 Communities in Germantown

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United States Tennessee Germantown Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity