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Apartments Under $1,200 in Memphis, TN

1 - 30 of 493 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
12
$950 - 1,155
King's Reserve Memphis - 55+ Senior
1550 N Pkwy Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony/Deck/Patio
24
$1,161 - 2,153
Walnut Hill Apartments
Deal
4.2
8920 Walnut Grove Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
31
$970
The Tower at Kent
Deal
366 S Highland St Memphis, TN
1 BR | Sep. 26, 2025
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
16
$835 - 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
$1,199
Memphis - Cordova
8110 Cordova Centre Dr Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
17
$869 - 1,299
Tanglewood
Deal
5770 Tangle Oaks Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Pool
35
$1,025 - 1,200
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
$835 - 1,150
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
3
$1,163
Chapel Place Homes (Affordable Housing; Income Limit Restrictions Apply)
5228 Whistling Duck Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Balcony/Deck/Patio
Dishwasher
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
12
$1,100
Spottswood Manor Townhomes
Spottswood Manor Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
20
$999 - 1,200
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$995
Poplar Pines
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
10
$1,025 - 1,195
Allison Gardens Apartments
427 N Graham Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,200
Colonial Apartments
5140 Wheelis Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$1,040 - 1,059
Mason Homes
900 S 4th St Memphis, TN
2 BR | Available Now
Contact
1
$895
Must See Luxury Condo In The Heart Of Midtown With Updates Throughout.
32 N Belvedere St Memphis, TN
2 BR | Available Now
Contact
House
11
$800
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$1,050
23-25 S. McLean
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,195
Broadmoor Apartments
306 S Cleveland St Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
0
$895 - 950
972-336 Peabody/S Dudley
Memphis, TN
2 BR | Available Now
Contact
1
$750
1530 Monroe Apartments
1530 Monroe Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$995 - 1,095
Goodbar Townhomes
1300 Goodbar Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$1,200
236 South Watkins
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$1,200
628 Madison
628 Madison Ave #101 Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
$995
The Wendell
2038-2046 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
Cooper-Young
13
$1,099
The Melrose Midtown
775 Melrose St Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
48
$1,199 - 1,399
Roxbury
Deal
1300 Lynnfield Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
9
$1,049
Century Apartments
Deal
777 Mt Moriah Rd Memphis, TN
1 BR | Dec. 31, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
1 - 30 of 493 Results
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  3. Apartments Under $1,200
Frequently Asked Questions

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

There are 493 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 184 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 2,061 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 3,541 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 $39,000.

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

  1. Voillintine-Evergreen
  2. Orange Mound
  3. Cooper-Young
  4. South Forum
  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 12 25 37 50 <$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 $1,140, with the majority falling between $570 and $1,870. Out of the 3,296 one-bedroom apartments currently on the market in Memphis, 1,997 are priced below $1,200, accounting for 61% 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
Robinsonville, MS
Horn Lake, MS
Walls, MS
Marion, AR
457
8
4
4
3
3
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, 2025. 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 520 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 457 +1.05%
Southaven, MS 8 +1.14%
West Memphis, AR 5 +1.03%
Robinsonville, MS 4 +0.91%
Horn Lake, MS 4 +0.9%
Walls, MS 4 +0.31%
Marion, AR 3 +0.81%
Cordova, TN 2 +1.07%
Millington, TN 2 +1.17%
Bartlett, TN 1 +1.4%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,086
Top amenities Air Conditioning, Balcony/Deck/Patio, Refrigerator, Pool, Range / Oven
Deals 338
Pet friendly 866
Utilities included 222
Furnished 46
1 Bedroom 445
2 Bedroom 531
3 Bedroom 153
Square footage 275 - 1,257

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Orange mound, Cooper-young, South forum, Downtown memphis
Voillintine-Evergreen 7
Orange Mound 6
Cooper-Young 4
South Forum 3
Downtown Memphis 2
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