Long-term Rental Rates — June 2026 · ZIPs: 38138,38139
Local market data by Estaite
As of June 2026, rental prices in Germantown, TN range from $1,185 to $2,747 per month depending on property type and bedroom count.
The largest year-over-year change was a -9.65% decrease for 1BR condo/townhome rentals in Germantown, TN.
For 3-bedroom units, single-family homes have a median rent of $1,973 while condos/townhomes are at $2,004.
What is the rent range for apartments, condos/townhomes, and single-family homes in Germantown, TN in June 2026?
In Germantown, TN as of June 2026, median rents range from $1,185 for 1BR condos/townhomes up to $2,747 for 4BR single-family homes.
How much more expensive are single-family homes than condos/townhomes for 4-bedroom rentals in Germantown, TN?
For 4-bedroom units in Germantown, TN, single-family homes have a median rent of $2,747, which is $394 higher than condos/townhomes at $2,353 in June 2026.
Which rental segment in Germantown, TN saw the sharpest month-over-month change in June 2026?
The biggest month-over-month change was for 2BR apartments in Germantown, TN, which increased by 10.20% to $1,503 in June 2026.
Which bedroom count shows one property type dramatically outperforming the others in Germantown, TN?
For 4-bedroom rentals in Germantown, TN, single-family homes lead at $2,747, significantly outpacing apartments at $2,285 and condos/townhomes at $2,353 in June 2026.
Germantown, TN
June 2026
38138,38139
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,264 – $1,361
2.68%
4.23%
2-Bedroom
$1,442 – $1,563
10.20%
1.66%
3-Bedroom
$1,679 – $1,856
-4.38%
-8.04%
4-Bedroom
$2,254 – $2,342
0.48%
2.93%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,156 – $1,215
0.93%
-9.65%
2-Bedroom
$1,430 – $1,494
2.34%
-3.44%
3-Bedroom
$1,954 – $2,054
1.31%
1.01%
4-Bedroom
$2,302 – $2,428
1.55%
3.20%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,318 – $1,378
1.51%
4.42%
2-Bedroom
$1,352 – $1,393
1.05%
-0.49%
3-Bedroom
$1,923 – $2,022
-3.40%
1.73%
4-Bedroom
$2,596 – $2,898
-0.91%
6.34%
Data updated: July 19, 2026
In the Germantown (38138, 38139) rental market, the 2-bedroom apartment segment experienced a significant drop of 12.09% month-over-month, landing at a median rent of $1,366. This swift decrease stands out as the sharpest monthly movement among tracked segments, underscoring notable volatility in apartment pricing within Germantown (38138, 38139).
Rentals of 4-bedroom single-family homes in Germantown (38138, 38139) saw the strongest annual growth, rising 7.84% year-over-year to $2,704. By comparison, 4-bedroom condos and townhomes now stand at $2,311, with single-family homes outperforming these by a margin of $393 in this higher-end segment.
Looking at smaller units, Germantown (38138, 38139) rental trends show that 1-bedroom single-family homes rose by 4.73% year-over-year, reaching $1,328. In contrast, 1-bedroom condo/townhomes declined by 3.75% to a median of $1,239, highlighting diverging trajectories between these property types and pointing to stronger demand for single-family options this cycle.