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Apartments Under $1,200 in Memphis, TN

1 - 30 of 552 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
26
$1,199
Memphis - Cordova
Deal
8110 Cordova Centre Dr Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
34
3D Tour
$950 - 1,050
Allentown
4912 Raleigh-millington Road Memphis, TN
Studio - 3 BR | Sep. 1, 2026
Contact
Virtual Tour
In Unit Laundry
Fitness Center
Storage
Dishwasher
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
31
$775 - 1,120
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
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
29
3D Tour
$950 - 1,200
Memphis Blues
1401 Memphis Blues Ave Memphis, TN
2 - 3 BR | Sep. 1, 2026
Contact
House
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 - 1,110
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
5
$700 - 825
Berclair
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$900
45-47 humes
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
9
$925
Perfect Midtown Location
2780 Madison Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$935 - 1,120
Mason Homes
900 S 4th St Memphis, TN
2 BR | Available Now
Contact
5
$1,025 - 1,090
Poplar Pines
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
1
$895 - 1,150
Jefferson Place Apartment Homes Is The Best Of Both Worlds Waiting For You.
560 S Jefferson Pl Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$925
Allison Gardens Apartments
427 N Graham Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,100
432 N Montgomery
Memphis, TN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
1
$995
Newly Renovated Unit In Heart Of Memphis
45 W Gage Ave Memphis, TN
3 BR | Available Now
Contact
House
1
$995 - 1,090
Poplar Pines West
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$800
Annex Lofts
345 S Front St Memphis, TN
1 BR | Available Now
Contact
South Forum
0
$899
Studio Rasa - Bldg 211
211 Cochran Pl Memphis, TN
Studio | Available Now
Contact
$995
The Wendell
2038-2046 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
Cooper-Young
64
$1,056 - 1,659
Iris Luxury Apartments
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
4
$725
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
16
$680 - 799
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
23
$1,110 - 1,303
Madison Shelby Farms
330 N Humphreys Blvd Memphis, TN
1 BR | Sep. 7, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
30
$1,200
The Tennessee Brewery Apartments
Deal
495 Tennessee St Memphis, TN
Studio | Sep. 27, 2026
Contact
Air Conditioning
Fitness Center
Dishwasher
Pool
4
$950 - 1,090
Peabody Falls
2017 Peabody Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
33
$915 - 2,261
Link Apartments® Broad Ave
Deal
2540 Broad Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Luxury
Air Conditioning
Fitness Center
Dishwasher
Pool
1 - 30 of 552 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 552 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 179 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 2,765 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 4,120 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. Voillintine-Evergreen
  3. Downtown Memphis
  4. Orange Mound
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: August 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 20 40 60 80 <$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 $1,040, with the majority falling between $650 and $1,630. Out of the 4,598 one-bedroom apartments currently on the market in Memphis, 2,706 are priced below $1,200, accounting for 59% of the total available one-bedroom units in Memphis.

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

Memphis, TN
Southaven, MS
West Memphis, AR
Marion, AR
Robinsonville, MS
Millington, TN
Cordova, TN
575
6
6
6
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 August, 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 619 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 August M/M % Change
Memphis, TN 575 +1.0%
Southaven, MS 7 +1.0%
West Memphis, AR 7 +0.85%
Marion, AR 7 +0.89%
Robinsonville, MS 5 +0.96%
Millington, TN 4 +1.04%
Cordova, TN 4 +0.69%
Horn Lake, MS 3 +1.0%
Collierville, TN 1 +1.14%
Walls, MS 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,551
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 312
Pet friendly 1,041
Utilities included 276
Furnished 48
1 Bedroom 542
2 Bedroom 682
3 Bedroom 232

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 10
Voillintine-Evergreen 9
Downtown Memphis 4
Orange Mound 3
Mud Island 2
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