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Apartments Under $1,200 in Memphis, TN

1 - 30 of 586 Results
10
$860 - 1,175
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio - 2 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
15
$799 - 1,199
The Canopy 2200
Deal
5770 Tangle Oaks Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
35
$760 - 1,190
The Park at Paisley
Deal
4.2
3315 Ridgeway Road Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
22
$875 - 1,170
The Park at Hollyford
Deal
2.6
6555 North Country Oaks Circle Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
31
$810 - 1,175
The Tower at Kent
Deal
366 S Highland St Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
34
3D Tour
$700 - 1,100
Allentown
4912 Raleigh-millington Road Memphis, TN
1 - 3 BR | Available Now
Contact
Virtual Tour
In Unit Laundry
Fitness Center
Storage
Dishwasher
17
$800 - 1,200
The Park at New Castle
Deal
6860 Quince Road Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
20
$899 - 950
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Aug. 11, 2026
Contact
Dog Friendly
Cat Friendly
14
$935 - 1,120
Mason Homes
900 S 4th St Memphis, TN
2 BR | Available Now
Contact
8
$625 - 800
Springdale Apartments
Memphis, TN
1 - 3 BR | Available Now
Contact
10
$925
Allison Gardens Apartments
427 N Graham Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$1,025
Poplar Pines
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
1
$825 - 1,125
Studio Rasa - Bldg 1030
1030 Poplar Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
1
$1,175
The Residence - Bldg 25
25 S Morrison St Memphis, TN
2 BR | Available Now
Contact
1
$925
Charming 3br Home – Open To Section 8
3172 Woodrow St Memphis, TN
3 BR | Available Now
Contact
House
0
$899
Studio Rasa - Bldg 211
211 Cochran Pl Memphis, TN
Studio | Available Now
Contact
1
$1,200
236 South Watkins
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,009 - 1,070
Annex Lofts
345 S Front St Memphis, TN
1 BR | Available Now
Contact
South Forum
1
$1,090
Poplar Pines West
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
29
$828 - 1,610
The Summit Apartments
Deal
4981 Hidden Lake Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Pool
39
$955 - 1,141
Foote Park at South City Apartments
410 S Danny Thomas Blvd Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
29
$813 - 1,122
Tillman Cove
3000 Binghampton Sq Ste 107 Memphis, TN
1 - 3 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
33
$803 - 1,937
The Junction
Deal
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
18
$659 - 920
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
6
$750
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Available Now
Contact
Disability Access
Dishwasher
13
$725 - 875
Overton Place
414 N Claybrook St #1 Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
23
$1,200 - 1,665
The Edge of Germantown
1730 Hunters Trace Dr Memphis, TN
1 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
19
$950 - 1,045
Shelby Pointe Townhomes
1500 E Shelby Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
64
$1,056 - 1,810
Iris Luxury Apartments
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
1 - 30 of 586 Results
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  2. Memphis
  3. Apartments Under $1,200
Frequently Asked Questions

How many apartments under $1,200 are available in Memphis, TN on Rentable.co?

There are 586 apartments under $1,200 in Memphis currently available for rent on Rentable.co.

How many studio apartments under $1,200 are available in Memphis?

Rentable.co has 135 studio apartments under $1,200 available for rent in Memphis.

How many one-bedroom apartments under $1,200 are available in Memphis?

Rentable.co has 2,488 one-bedroom apartments under $1,200 available for rent in Memphis.

How many two-bedroom apartments under $1,200 are available in Memphis?

Rentable.co has 4,054 two-bedroom apartments under $1,200 available for rent in Memphis.

Can I afford a apartment under $1,200 in Memphis, TN?

To comfortably afford a apartment under $1,200 in Memphis based on average rent prices, a household would need an annual income of $38,000.

Which neighborhoods have the most apartments under $1,200 for rent in Memphis, TN?

  1. South Forum
  2. Orange Mound
  3. Voillintine-Evergreen
  4. Cooper-Young
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: July Rental Information

Welcome to the January 2023 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 2023 key findings and figures for the Memphis rental landscape.

Our experts analyze the inventory trends for apartments under $1,200 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Memphis and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $1,200 in Memphis.
0 17 35 52 70 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 >$1,600
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,030, with the majority falling between $650 and $1,620. Out of the 4,459 one-bedroom apartments currently on the market in Memphis, 2,478 are priced below $1,200, accounting for 56% of the total available one-bedroom units in Memphis.

Available Apartments Under $1,200: Memphis vs. Surrounding Areas

Memphis, TN
Southaven, MS
Millington, TN
Marion, AR
West Memphis, AR
Robinsonville, MS
Cordova, TN
583
7
5
5
4
4
3
The chart above provides an overview of the number of available apartments under $1,200 in Memphis, TN and its surrounding cities as of July, 2026. These cities include West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit. Currently, there are a total of 616 apartments within the Memphis, TN metro area that fall within this affordable price range.

Apartments Under $1,200 Now vs. Last Month: Memphis and Surrounding Areas

City Apartments Under $1,200 in July M/M % Change
Memphis, TN 583 +1.02%
Southaven, MS 8 +1.1%
Millington, TN 5 +1.0%
Marion, AR 5 +1.03%
West Memphis, AR 5 +1.15%
Robinsonville, MS 5 +1.04%
Cordova, TN 4 +1.28%
Horn Lake, MS 3 +1.2%
Collierville, TN 2 +1.27%
Walls, MS 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,233
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 289
Pet friendly 1,078
Utilities included 317
Furnished 49
1 Bedroom 549
2 Bedroom 691
3 Bedroom 222

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Orange mound, Voillintine-evergreen, Cooper-young, Downtown memphis
South Forum 6
Orange Mound 6
Voillintine-Evergreen 5
Cooper-Young 4
Downtown Memphis 2
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