Rent in Germantown, TN
Across Germantown's 3 ZIP codes, a 2-bedroom typically rents for about $1,825 a month, with figures from $1,300–$1,950. The highest typical rent is in 38139 ($1,950) and the lowest in 38183 ($1,300). Owner-occupied homes in Shelby County pay about 0.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,570 | $1,090–$1,640 | 3 |
| 1 bed | $1,710 | $1,190–$1,780 | 3 |
| 2 beds | $1,825 | $1,300–$1,950 | 3 |
| 3 beds | $2,124 | $1,717–$2,570 | 3 |
| 4 beds | $2,710 | $1,980–$2,970 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Germantown ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Germantown, TN?
- About $1,825 a month: the median of the typical rents in 3 ZIP codes, which range from $1,300–$1,950. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Germantown, TN?
- About $1,710 a month: the median of the typical rents in 3 ZIP codes, which range from $1,190–$1,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Germantown, TN?
- About $2,124 a month: the median of the typical rents in 3 ZIP codes, which range from $1,717–$2,570. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Germantown, TN?
- About $1,570 a month: the median of the typical rents in 3 ZIP codes, which range from $1,090–$1,640. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Germantown, TN?
- About $2,710 a month: the median of the typical rents in 3 ZIP codes, which range from $1,980–$2,970. Figures are gross rent (rent plus tenant-paid utilities).
- Which Germantown ZIP code has the highest rent?
- For a 2-bedroom, 38139 has the highest typical rent at $1,950 a month, and 38183 the lowest at $1,300.
- What is the property tax rate in Germantown, TN?
- Owner-occupied homes in Shelby County pay a typical 0.98% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Germantown rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).