Apartments for Rent in Central Gardens, Memphis, TN

Central Gardens, Memphis apartment availability

Central Gardens offers a good selection of rental listings, with an average of about 39 rentals available each month. The majority of rentals in this neighborhood are 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom apartments and studios also available. Many of these apartments are pet-friendly, with about 67% allowing pets with some restrictions, making Central Gardens a great option for renters with furry friends. With its charming atmosphere and convenient location, Central Gardens is a popular choice for those looking for a rental in Memphis.

Central Gardens, Memphis rental market trends

Central Gardens in Memphis saw a slight decline in average rent prices over the past year, with a 2.4% decrease to $1,506 per month. Breaking it down by bedroom count, 1-bedrooms average $1,375 per month, a 5.5% decrease from the previous year. In contrast, 3-bedrooms experienced a 7.1% increase, now averaging $2,246 per month. Studio apartments saw a modest 4.6% increase, with an average rent of $1,126.

The rental market in Central Gardens tends to fluctuate throughout the year, with October typically seeing the highest rent prices, 7.97% higher than February, the month with the lowest rent. If you're looking for a new apartment, February might be a good time to find a deal. On the other hand, if you're a landlord, October is likely to be the most lucrative month. Keep in mind that these trends can help you navigate the local market and make informed decisions about renting or leasing a property in Central Gardens.

Why Central Gardens, Memphis is a great place to live

Central Gardens stands out as a prime neighborhood for those prioritizing fitness and wellness, as well as a vibrant social life. The area's focus on health is evident in its numerous amenities, including onsite pools and spas, fully equipped gyms, and a variety of fitness classes and wellness programs. Additionally, features like low VOC materials and soundproofing contribute to a healthier living environment. For those who value social interactions, Central Gardens offers an array of restaurants, excellent walkability, well-maintained street infrastructure, convenient public transit options, and a strong emphasis on safety. Whether you're looking to stay active or enjoy the local scene, Central Gardens is an ideal choice.