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Apartments Under $1,200 in Memphis, TN

1 - 30 of 585 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
31
$910 - 1,150
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
35
$935 - 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
$915 - 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
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
17
$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
12
$750 - 850
Hawthorne Street
190 Hawthorne St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$825
Berclair
Memphis, TN
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
20
$899
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Jun. 10, 2026
Contact
Dog Friendly
Cat Friendly
9
$700
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
5
$1,090
Poplar Pines
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
8
$625 - 900
Springdale Apartments
Memphis, TN
1 - 4 BR | Available Now
Contact
10
$925
Allison Gardens Apartments
427 N Graham Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$1,120
Mason Homes
900 S 4th St Memphis, TN
2 BR | Available Now
Contact
1
$1,090
Poplar Pines West
1867 Poplar Pines Dr Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,050
Newly Renovated House On A Quiet Street
1467 Oberle Memphis, TN
4 BR | Available Now
Contact
House
1
$1,095
Great Property In Quite Neighborhood
3679 Ladue St Memphis, TN
3 BR | Available Now
Contact
House
1
$1,200
236 South Watkins
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$899
Studio Rasa - Bldg 211
211 Cochran Pl Memphis, TN
Studio | Available Now
Contact
1
$1,009 - 1,070
Annex Lofts
345 S Front St Memphis, TN
1 BR | Jun. 15, 2026
Contact
South Forum
0
$895
972-336 Peabody/S Dudley
Memphis, TN
2 BR | Available Now
Contact
1
$1,200
The Residence - Bldg 25
25 S Morrison St Memphis, TN
2 BR | Available Now
Contact
1
$899 - 1,125
Studio Rasa - Bldg 1030
1030 Poplar Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
1
$995
Jefferson Place Apartment Homes Is The Best Of Both Worlds Waiting For You.
560 S Jefferson Pl Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
19
$995 - 1,050
Townhomes W/ W/d Included! Gated 2 Bed / 1.5 Bath Townhomes Near Shelby Dr!
1500 E Shelby Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
14
$1,168 - 1,395
Highland Row
Deal
395 S Highland St Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
Pool
13
$725 - 875
Overton Place
414 N Claybrook St #1 Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
23
$1,124 - 1,537
The Edge of Germantown
1730 Hunters Trace Dr Memphis, TN
1 BR | May. 29, 2026
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
4
$825
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Jun. 10, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1 - 30 of 585 Results
  1. Home
  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 585 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 2,520 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 3,800 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. South Forum
  2. Orange Mound
  3. Downtown Memphis
  4. High Point Terrace
  5. Voillintine-Evergreen

Apartments Under $1,200 in Memphis, TN: May 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 15 30 45 60 <$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 $1,020, with the majority falling between $650 and $1,630. Out of the 4,337 one-bedroom apartments currently on the market in Memphis, 2,432 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
West Memphis, AR
Marion, AR
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
596
8
5
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 May, 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 622 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 May M/M % Change
Memphis, TN 597 +1.0%
Southaven, MS 9 +1.02%
West Memphis, AR 6 +1.21%
Marion, AR 6 +1.15%
Millington, TN 5 +1.0%
Cordova, TN 5 +1.12%
Robinsonville, MS 5 +0.96%
Horn Lake, MS 3 +1.17%
Collierville, TN 3 +1.12%
Walls, MS 1 +1.12%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,927
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 318
Pet friendly 1,027
Utilities included 258
Furnished 51
1 Bedroom 500
2 Bedroom 700
3 Bedroom 218

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Orange mound, Downtown memphis, High point terrace, Voillintine-evergreen
South Forum 5
Orange Mound 5
Downtown Memphis 3
High Point Terrace 3
Voillintine-Evergreen 3
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