Cheap Homes for Rent in Central Gardens Neighborhood of Memphis, TN from $700 (17 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 1271 Poplar Ave

$1,125 - $1,150

2 Bedroom Rentals

Available Now

1271 Poplar Ave

MemphisTN38104

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.

property at 2086 Harbert Ave

$1,370

Total Monthly Price

Total Monthly Price

Base Rent
$1,370

Total Monthly Price
$1,370

2 Bedroom, 1 Bath Home for Rent

Available Now

2086 Harbert Ave

MemphisTN38104
property at 1936 E McLemore Ave

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

3 Bedroom, 1 Bath Home for Rent

Available Now

1936 E McLemore Ave

MemphisTN38114

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.

property at 1544 Court Ave

$1,400 - $3,250

1 To 5 Bedroom Homes for Rent

Available Now

1544 Court Ave

MemphisTN38104

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. The Gilmore Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $699. 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
The Gilmore ApartmentsStudio Available 276sfStudio,1BA$699
31 S McLean BlvdStudioStudio,1BA$725
Village Square2028 #21BR,1BA$750
Central GardensStudio One Bath1BR,1BA$775

Best Value Apartments for Rent in Central Gardens, TN

As of April 27, 2026 the best value apartment in the Central Gardens area is the $1.00 price per square foot 2 Bed 2 Bath Model at 65 N Belvedere Blvd in the in the Midtown Memphis neighborhood starting from $1,350. The second greatest value Central Gardens apartment is the 2BR/1.0BA Model at The Broadmoor Apartments starting at $995 with a $0.90 price per square foot in the Medical District 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.
65 N Belvedere Blvd2 Bed 2 Bath2BR,2BA$1.00
The Broadmoor Apartments2BR/1.0BA2BR,1BA$0.90
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
164 N McLean Blvd164 N McLean Blvd2BR,2BA$0.95
1855 Poplar Ave, Unit 41855 Poplar Ave2BR,1BA$1.00
31 S McLean BlvdOne Bedroom1BR,1BA$1.05
The MidtownerMidTowner2BR,1BA$1.05
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.04
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.02
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$1.04

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 #11

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 Central Gardens

What type of rentals are currently available in Central Gardens?

There are currently 385 Apartments for Rent in Central Gardens, TN with pricing that ranges from $634 to $6,854. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Gardens ranging from $750 to $4,900.

What is the current price range for Rental Homes in Central Gardens?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Gardens ranges from $750 to $4,900 with an average monthly rent of $2,459.

How much are larger Three and Four Bedroom Rentals in Central Gardens?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Gardens range from $825 to $6,854, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $1,500.

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character  article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.