Long-term Rental Rates — August 2026 · ZIPs: 38138,38139
Local market data by Estaite
As of August 2026, rental prices in Germantown, TN range from $1,256 to $2,710 per month depending on property type and bedroom count.
The largest year-over-year change was a 7.34% decrease for 1-bedroom condo/townhome rents in Germantown, TN.
For 4-bedroom units, single-family homes have a higher median rent at $2,710 compared to condo/townhomes at $2,397.
What is the typical rent range for apartments, condos/townhomes, and single-family rentals in Germantown, TN as of August 2026?
As of August 2026, rents in Germantown, TN span from $1,256 for a 1-bedroom condo/townhome to $2,710 for a 4-bedroom single-family home.
How much more do renters pay for single-family homes compared to condo/townhomes for 3-bedroom and 4-bedroom units in Germantown, TN?
In August 2026, 3-bedroom single-family homes rent for $1,996 versus $2,013 for condos/townhomes, while 4-bedroom single-family homes rent for $2,710 compared to $2,397 for condos/townhomes.
Which Germantown, TN rental segment had the largest month-over-month rent change in August 2026?
1-bedroom apartments saw the largest month-over-month change with a 3.52% increase in August 2026 in Germantown, TN.
For which bedroom count does one property type clearly outperform the others in Germantown, TN?
For 4-bedroom units, single-family homes have the highest median rent at $2,710, outperforming both apartments at $2,305 and condo/townhomes at $2,397 in Germantown, TN in August 2026.
Germantown, TN
August 2026
38138,38139
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,248 – $1,285
3.52%
-0.22%
2-Bedroom
$1,426 – $1,491
-0.48%
-3.32%
3-Bedroom
$1,837 – $1,932
2.95%
-2.67%
4-Bedroom
$2,278 – $2,362
0.64%
1.70%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,220 – $1,282
1.15%
-7.72%
2-Bedroom
$1,458 – $1,555
-3.15%
-3.33%
3-Bedroom
$1,963 – $2,063
-0.82%
-1.11%
4-Bedroom
$2,342 – $2,456
0.73%
2.24%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,346 – $1,406
0.66%
3.93%
2-Bedroom
$1,416 – $1,460
2.13%
1.34%
3-Bedroom
$1,962 – $2,092
2.72%
3.80%
4-Bedroom
$2,587 – $2,888
0.07%
6.41%
Data updated: September 22, 2026
Germantown Rental Trends
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.