Germantown, TN Rental Market Trends
Last updated: April 07, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Germantown is $1,890, a 2.48% increase compared to the previous year, when the average rent was $1,844.
One-bedroom apartments provide 864 square feet for $1,579, balancing privacy and affordability.
Two-beedroom units at $2,058 offer 1,197 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,528 sq ft) for $2,227, suitable for larger households.
Average rent in Germantown, TN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,890 | 1,113 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,579 | 864 sq. ft. |
| 2 Beds | $2,058 | 1,197 sq. ft. |
| 3 Beds | $2,227 | 1,528 sq. ft. |
Germantown, TN rent trends
Rental prices in Germantown, TN have increased by 2.48% over the past year. The average rent moved from $1,844 to $1,890.
What's the typical rent budget in Germantown, TN?
The largest share of rentals in Germantown, TN (28%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Germantown, TN?
2,078 or 13% of the households in Germantown, TN are renter-occupied while 13,490 or 87% are owner-occupied.
How Germantown Compares to Other Cities
| City | Average Rent |
|---|---|
| Germantown | $1,890 |
| Memphis | $1,135 |
| Nashville | $1,803 |
| Knoxville | $1,745 |
| Clarksville | $1,268 |
| Murfreesboro | $1,568 |
| Chattanooga | $1,450 |
| Antioch | $1,474 |
| Gallatin | $1,573 |
| La Vergne | $1,755 |
| Madison | $1,400 |
| Southaven, MS | $1,374 |
| Bartlett | $1,622 |
| Horn Lake, MS | $1,332 |
| Olive Branch, MS | $1,540 |
| Lakeland, TN | $1,518 |
| West Memphis, AR | $763 |
| Marion, AR | $1,131 |
| Millington, TN | $1,194 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Germantown apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.