Germantown, TN Rental Market Trends
Highlights
The average rent for an apartment in Germantown is $1,561, a 5% increase compared to the previous year, when the average rent was $1,491.
Average Rent in Germantown, TN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,561 | 5% | 1,149 sq. ft. |
The average size for a Germantown, TN apartment is 1,149 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Germantown, TN Apartment Rent Ranges
- $1,001-$1,50058%
- $1,501-$2,00027%
- > $2,00015%
Germantown, TN Occupied Housing Units
- Renter-occupied Households19%
- Owner-occupied Households80%
2,949 or 19% of the households in Germantown, TN are renter-occupied while 11,828 or 80% are owner-occupied.
Germantown, TN Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Germantown, TN | $1,167 | $1,236 | $1,278 | $1,381 | $1,381 | $1,498 | $1,491 | $1,535 | $1,563 | $1,561 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Germantown Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Nashville | $1,428 | 6% |
| Memphis | $825 | 5% |
| Chattanooga | $1,003 | 2% |
| Knoxville | $1,082 | 6% |
| Murfreesboro | $1,154 | 4% |
| Germantown | $1,561 | 5% |
For more information about the Germantown rental trends, check out our monthly rent report
Check out Tennessee Cities, Tennessee Neighborhoods and Tennessee Zip Codes for more details on verified listings, including the Tennessee Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!