Cheap Apartments for Rent in the Central Gardens Neighborhood of Memphis, TN from $500 (65 Rentals)

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

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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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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property at 1162 Peabody Ave

1162 Peabody Ave

MemphisTN38104
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Pulse
Studio to 2 Bedroom Apartments

Pulse

57 N Somerville StMemphis, TN 38104
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35 N Idlewild St
Studio to 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

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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Kimbrough Towers
Studio to 3 Bedroom Apartments

Kimbrough Towers

172 Kimbrough PlMemphis, 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 Melrose Court Apartments priced from $695. Village Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. 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 #31BR,1BA$725
144 N. Belvedere2 BR, 1 BA2BR,1BA$750
Central GardensStudio One Bath1BR,1BA$775
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
PulseA11BR,1BA$779
Kimbrough TowersA21BR,1BA$800
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$849
Parkside Poplar Apartments1 Bedroom1BR,1BA$850
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$850

Best Value Apartments for Rent in Central Gardens, TN

As of September 21, 2025 the best value apartment in the Central Gardens area is the $1.00 price per square foot 41 S McLean Blvd Model at 41 S McLean Blvd, Unit #3 upstairs in the in the East Memphis neighborhood starting from $1,300. The second greatest value Central Gardens apartment is the 2 Bed 1.5 Bath Model at Stonewall Apartments starting at $895 with a $0.81 price per square foot in the Midtown 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.
41 S McLean Blvd, Unit #3 upstairs41 S McLean Blvd2BR,2BA$1.00
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
164 N McLean Blvd, Unit 5164 N McLean Blvd2BR,2BA$0.95
Park Terrace2 x 12BR,1BA$1.03
1855 Poplar Ave, Unit 41855 Poplar Ave2BR,2BA$1.00
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$1.03
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
144 N. Belvedere2 BR, 1 BA2BR,1BA$1.00
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$1.16

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Pet Friendly Lifestyle
Central Gardens, Memphis, TN

Ranked #15

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

Pet Friendliness Lifestyle Score

3.5
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 $850.

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

The cheapest apartment in Central Gardens is Melrose Court Apartments which is listed at $695, while the average apartment in Central Gardens costs $12,483.

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 24 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.