Long-term Rental Rates — April 2026 · ZIPs: 38138,38139
Local market data by Estaite
As of April 2026, rental prices in Germantown, TN range from $1,258 to $2,629 per month depending on property type and bedroom count.
The biggest year-over-year increase was for single-family 3BR homes, which rose 9.34%.
For 3BR properties, single-family homes have a median rent of $2,043 compared to $1,813 for apartments and $1,969 for condo/townhomes.
What are the typical rent prices in Germantown, TN in April 2026?
In Germantown, TN as of April 2026, median rents range from $1,258 for 1BR apartments up to $2,629 for 4BR single-family homes.
How does the rent gap between condo/townhome and single-family homes compare for the same bedroom count in Germantown, TN?
For 4BR homes in Germantown, TN, condo/townhomes rent for $2,295 versus $2,629 for single-family, a difference of $334; at 3BR, condo/townhomes rent for $1,969 while single-family homes are $2,043, a gap of $74.
Which segment in Germantown, TN saw the largest month-over-month rent change in April 2026?
Single-family 3BR homes showed the sharpest month-over-month movement with a 4.78% increase in April 2026.
For which bedroom count does a property type significantly outperform the others in Germantown, TN?
At 4BR, single-family homes dramatically outperform apartments ($2,629 vs $2,267) and condo/townhomes ($2,629 vs $2,295) in Germantown, TN.
Germantown, TN
April 2026
38138,38139
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,221 – $1,296
-2.73%
1.57%
2-Bedroom
$1,474 – $1,629
0.49%
8.18%
3-Bedroom
$1,728 – $1,898
-3.69%
-3.44%
4-Bedroom
$2,253 – $2,340
0.20%
4.35%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,290 – $1,348
0.04%
3.69%
2-Bedroom
$1,471 – $1,568
1.77%
3.28%
3-Bedroom
$1,919 – $2,018
1.56%
2.78%
4-Bedroom
$2,268 – $2,368
0.31%
4.04%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,289 – $1,347
0.38%
5.36%
2-Bedroom
$1,344 – $1,385
-1.24%
2.32%
3-Bedroom
$1,971 – $2,114
4.78%
9.34%
4-Bedroom
$2,493 – $2,766
3.10%
5.11%
Data updated: June 2, 2026
In the Germantown (38138, 38139) rental market, 2-bedroom apartments experienced an 8.18% year-over-year increase, with median rents reaching $1,552 in April 2026. This segment recorded the largest annual gain among apartment categories, outperforming the 1.57% rise seen in 1-bedroom apartments.
Rents for 3-bedroom single-family homes in Germantown (38138, 38139) climbed 4.78% month-over-month to $2,043, compared to a 1.56% MoM increase for 3-bedroom condo/townhome units. This dollar gain highlights faster rent growth in detached homes heading into spring.
For 1-bedroom listings, Germantown (38138, 38139) rental trends indicate condos/townhomes outperform apartments, with median rents of $1,319 versus $1,258—a $61 advantage. This difference suggests renters may be paying more for layouts or amenities offered in condo properties.