Cheap Homes for Rent in Central Gardens Neighborhood of Memphis, TN from $700 (16 Rentals)

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Search the lowest-cost Homes 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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The Art of the Rental Viewing: What to look for during a property tour

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

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 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

Best Value Apartments for Rent in Central Gardens, TN

As of July 30, 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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Frequently Asked Questions about Central Gardens

What type of rentals are currently available in Central Gardens?

There are currently 380 Apartments for Rent in Central Gardens, TN with pricing that ranges from $725 to $13,180. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Gardens ranging from $795 to $5,000.

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 $795 to $5,000 with an average monthly rent of $2,552.

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 $1,950 to $3,755, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $3,000. Four Bedroom Single-Family rentals are also available starting from $3,490 and Four Bedroom Apartments start at $2,100.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.