Cheap Apartments for Rent in the Central Gardens Neighborhood of Memphis, TN from $500 (56 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

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35 N Idlewild St
2 Bedroom Apartments

35 N Idlewild St

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

Idlewild Terrace

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

144 N. Belvedere

144 N Belvedere BlvdMemphis, TN 38104
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Cherokee Arms
Studio Apartments

Cherokee Arms

1508 Madison AveMemphis, TN 38104
  • Utilities Included

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
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Almadura Apartments
Studio to 2 Bedroom Apartments

Almadura Apartments

175 Stonewall StMemphis, TN 38104
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The Alma
Studio Apartments

The Alma

190 N Auburndale StMemphis, TN 38112
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The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104
Showing Results 1-50, Page 1 of 2

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 Village Square priced from $725. Belvedere Gardens Condominiums has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Central Gardens apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Village Square2054 #31BR,1BA$725
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
144 N. Belvedere2 BR, 1 BA2BR,1BA$775
PulseA11BR,1BA$779
Kimbrough TowersA21BR,1BA$800
Central GardensOne Bedroom One Bath Elevator1BR,1BA$825
Parkside Poplar Apartments1 Bedroom1BR,1BA$850
The Courts MidtownThe Idlewild1BR,1BA$861
Stonewall Apartments2 Bed 1.5 Bath2BR,1BA$895
1058 Peabody Ave1058 Peabody Ave - 121BR,1BA$895

Best Value Apartments for Rent in Central Gardens, TN

As of July 29, 2025 the best value apartment in the Central Gardens area is the $0.81 price per square foot 2 Bed 1.5 Bath Model at Stonewall Apartments in the in the Midtown Memphis neighborhood starting from $895. The second greatest value Central Gardens apartment is the 2BR 1BA Renovated Model at Urban Peddler starting at $1,199 with a $1.23 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.
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Urban Peddler2BR 1BA Renovated2BR,1BA$1.23
Overton Garden Apartments2151 Poplar Ave 1-A2BR,2BA$1.23
1058 Peabody Ave1058 Peabody Ave - 121BR,1BA$1.04
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
23 N Belvedere Blvd, Unit 123 N Belvedere BlvdStudio ,1BA$1.25
144 N. Belvedere2 BR, 1 BA2BR,1BA$1.03
The Biltmore - McAlpin ApartmentsStudio1BR,1BA$1.20
Village Square2036 #21BR,1BA$1.26

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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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Frequently Asked Questions about Cheap Central Gardens Apartments

What is a cheap apartment in Central Gardens?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Gardens is under $895.

What is the price of a cheap apartment in Central Gardens?

The cheapest apartment in Central Gardens is Village Square which is listed at $725, while the average apartment in Central Gardens costs $13,380.

What types of apartments are the cheapest in Central Gardens?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Central Gardens that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.