Cheap Apartments for Rent in the Central Gardens Neighborhood of Memphis, TN from $500 (122 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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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 2 Beds unit found at Overton Garden Apartments priced from $500. 1298 Carr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Central Gardens apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Overton Garden ApartmentsBritton Manor2BR, 1BA$500
1298 Carr1BR/1.0BA1BR, 1BA$595
The Pulse ApartmentsStudio 1 BathroomStudio, 1BA$634
97 N Belvedere1BR/1.0BA1BR, 1BA$650
148 Stonewall Pl1 BR, 1 BA1BR, 1BA$650
Melrose Court Apartments1 Bed, 1 bath1BR, 1BA$695
31 S McLean BlvdStudioStudio, 1BA$725
1626 Monroe Ave.1BR/1.0BA1BR, 1BA$725
1302 Court Ave0BR/1.0BAStudio, 1BA$745

Best Value Apartments for Rent in Central Gardens, TN

As of September 25, 2026 the best value apartment in the Central Gardens area is the $1.04 price per square foot 2 Beds, 2 Baths Model at 201-203 Stonewall St in the Midtown Memphis neighborhood starting from $2,150. The second greatest value Central Gardens apartment is the FCA1968 Model at First Congo Apartments in the Medical District neighborhood starting at $1,965 with a $1.00 price per square foot. 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.
201-203 Stonewall St2 Beds, 2 Baths2BR, 2BA$1.04
First Congo ApartmentsFCA19682BR, 2.5BA$1.00
Cgient Properties LLC-32BR/1.5BA2BR, 1.5BA$0.84
Stonewall Apartments2 Bed 1.5 Bath2BR, 1.5BA$0.81
Overton Garden ApartmentsPlayhouse2BR, 1BA$1.04
57 N Belvedere Blvd, Unit Unit 157 N Belvedere Blvd2BR, 1BA$1.03
Goodbar Townhomes2BR/1.0BA2BR, 1BA$1.04
1101 S Rembert St, Unit 11011101 S Rembert St1BR, 1BA$0.78
Parkside Poplar Apartments1 Bedroom1BR, 1BA$1.02
148 Stonewall Pl1 BR, 1 BA1BR, 1BA$1.00

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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Navigating the Rental Market: Tips for First-Time Renters

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Central Gardens, Memphis, TN

Ranked #12

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 $745.

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

The cheapest apartment in Central Gardens is 1298 Carr which is listed at $595, while the average apartment in Central Gardens costs $1,195.

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 82 regular apartments in Central Gardens that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Central Gardens?

Cheap apartments in Central Gardens have an average cost of $753 which is $442 cheaper than the average rent for all rentals in Central Gardens.

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.

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