Cheap Apartments for Rent in the Central Gardens Neighborhood of Memphis, TN from $500 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Gardens area of Memphis.

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The Midline
$1,0102 Bedroom Apartments Contact Us For Availability

The Midline

40 S Morrison StMemphis, TN 38104
Affordability
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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35 N Idlewild St
Studio to 2 Bedroom Apartments

35 N Idlewild St

35 N Idlewild StMemphis, TN 38104
Corporate Housing
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Idlewild Terrace
1 Bedroom Apartments

Idlewild Terrace

32 Idlewild StMemphis, TN 38104
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144 N. Belvedere
2 Bedroom Apartments

144 N. Belvedere

144 N Belvedere BlvdMemphis, TN 38104
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Monroe Flats
1 Bedroom Apartments

Monroe Flats

1490 Monroe AveMemphis, TN 38104

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Central Gardens, Memphis, TN Local Guide

Cheapest Available Central Gardens Apartments for Rent

 

The cheapest available apartment rental in the Central Gardens area of Memphis, TN is a 1 Bed unit found at Melrose Court Apartments priced from $695. Village Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Central Gardens apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
Village Square2054 #11BR,1BA$715
31 S McLean BlvdStudioStudio,1BA$725
The Pulse Apartments1 Bedroom 1 Bathroom1BR,1BA$779
Cherokee ArmsStandard StudioStudio,1BA$789
Parkside Poplar Apartments1 Bedroom1BR,1BA$795
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$799
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$799
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$800
The Flats @ Cooper YoungStudioStudio,1BA$825

Best Value Apartments for Rent in Central Gardens, TN

As of February 07, 2026 the best value apartment in the Central Gardens area is the $0.65 price per square foot 4 Bedroom Model at Barksdale Flats in the in the East Memphis neighborhood starting from $1,500. The second greatest value Central Gardens apartment is the 37 S McLean Blvd Model at 37 S McLean Blvd, Unit 3 starting at $1,550 with a $0.91 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Central Gardens apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Barksdale Flats4 Bedroom4BR,2BA$0.65
37 S McLean Blvd, Unit 337 S McLean Blvd3BR,1.5BA$0.91
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Urban Peddler2BR 1BA2BR,1BA$1.02
The MidtownerMidTowner2BR,1BA$1.05
The Broadmoor Apartments2BR/1.0BA2BR,1BA$1.05
Parkside Poplar Apartments1 Bedroom1BR,1BA$0.98
Peabody PlaceO5 0ne Bedroom1BR,1BA$1.06
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$1.04
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$1.04

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Central Gardens, Memphis, TN

Ranked #14

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.