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Apartments Under $1,200 in Memphis, TN

271 - 300 of 608 Results
3
$1,024
Charming 3-bedroom Bungalow With Backyard Oasis And Bonus Studio Space
3771 Sturgeon Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
2
$1,095
Charming 3-bedroom Home With Natural Light & Modern Finishes
214 Radar Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
0
$995
Charming 2-bedroom, 1.5-bath Condo With Fireplace & Convenient Layout
2967 Huntington Trail Dr Memphis, TN
2 BR | Ask for Availability
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House
Air Conditioning
1
$1,025
Well-maintained 2br/1.5ba Duplex Units With Central Hvac – Memphis - Open To Section 8
3753 Ironwood Dr Memphis, TN
2 BR | Available Now
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House
1
$1,055
Welcome To 3733 Miami Ave!
3733 Miami Ave Memphis, TN
3 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$895
The Den Apartments, Bldg 3571
3571 Midland Ave Memphis, TN
1 BR | Available Now
Contact
1
$950
1315 1317 Halcomb Ln
Memphis, TN
2 BR | Available Now
Contact
1
$1,165
Welcome To 2474 Corning Ave In Memphis, Tn!
2474 Corning Ave Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$850
Move In By 02/17 To Get First Full Month Rent Free!! Welcome To 1078 N Evergreen St!
1078 N Evergreen St Memphis, TN
2 BR | Available Now
Contact
Voillintine-Evergreen
1
$950
Charming 3-bedroom Home In Memphis – Affordable Comfort & Great Location!
1318 Glenn St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,025
Newly Renovated Home In U Of M Area
1271 Dogwood Dr Memphis, TN
3 BR | Available Now
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House
1
$1,150
Spacious 3 Bedroom 2 Bath Duplex |  Open To Section 8
3205 Cookie Cv Memphis, TN
3 BR | Available Now
Contact
House
1
$975
Welcome To 2551 Dakar Ave!
2551 Dakar Ave Memphis, TN
3 BR | Mar. 6, 2026
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Dog Friendly
Cat Friendly
House
1
$1,035
2370 Larose Ave
Memphis, TN
2 BR | Feb. 18, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$990
Welcome To 3704 Irma Street!
3704 Irma St Memphis, TN
3 BR | Available Now
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House
1
$795
Newly Renovated 1br/1ba Duplex Near U Of M
3221 Choctaw Ave Memphis, TN
1 BR | Available Now
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House
0
$890
Welcome To 929 Maple Drive! Great Deal!!
929 Maple Dr Memphis, TN
2 BR | Available Now
Contact
1
$1,090
Welcome To 718 Northaven!
718 Northaven Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$925
Cozy 2‑bed, 1‑bath Home With Great Location
504 Marianna St Memphis, TN
2 BR | Available Now
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House
1
$1,195
Newly Renovated 3 Bedroom 1 Bath Home - Open To Section 8
3310 N Watkins St Memphis, TN
3 BR | Available Now
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House
1
$965
Welcome To 1273 Capital Ave!
1273 Capital Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
New Chicago
1
$975
Move-in Special 1/2 Off 1st Month's Rent!!
2835 Los Gatos Ct #3 Memphis, TN
2 BR | Available Now
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House
1
$1,035
1/2 Off First Month Rent! Welcome To 3159 Saint Charles Drive!
3159 Saint Charles Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$850
Move In By 02/17 And Get The First Month Rent Free! Welcome To 1080 N Evergreen St!
1080 N Evergreen St Memphis, TN
2 BR | Available Now
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Voillintine-Evergreen
0
$890
Welcome To 1742 Brown Ave In Memphis, Tn!
1742 Brown Ave Memphis, TN
2 BR | Available Now
Contact
Voillintine-Evergreen
1
$775
25 S. Barksdale
Memphis, TN
1 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
0
$890
Welcome To 977 Pope Street!
977 Pope St Memphis, TN
2 BR | Feb. 25, 2026
Contact
0
$965
Welcome To 3387 Barbwood Dr!
3387 Barbwood Dr Memphis, TN
2 BR | Mar. 6, 2026
Contact
Dishwasher
1
$1,095
The Den Apartments, Bldg 3570
3570 Mynders Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,195
5423 Bannock St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
271 - 300 of 608 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 608 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 151 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 2,140 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 3,392 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. Central Gardens
  3. Orange Mound
  4. South Forum
  5. New Chicago

Apartments Under $1,200 in Memphis, TN: February 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 $1,050, with the majority falling between $630 and $1,620. Out of the 3,765 one-bedroom apartments currently on the market in Memphis, 2,085 are priced below $1,200, accounting for 55% of the total available one-bedroom units in Memphis.

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

Memphis, TN
West Memphis, AR
Marion, AR
Southaven, MS
Millington, TN
Horn Lake, MS
Cordova, TN
Robinsonville, MS
568
9
7
7
4
4
4
4
The chart above provides an overview of the number of available apartments under $1,200 in Memphis, TN and its surrounding cities as of February, 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 653 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 February M/M % Change
Memphis, TN 568 +0.98%
West Memphis, AR 9 +1.04%
Marion, AR 7 +0.98%
Southaven, MS 7 +0.95%
Millington, TN 5 +0.6%
Horn Lake, MS 4 +0.8%
Cordova, TN 4 +0.8%
Robinsonville, MS 4 +1.0%
Collierville, TN 2 +0.82%
Walls, MS 2 +1.31%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,270
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 389
Pet friendly 1,006
Utilities included 239
Furnished 47
1 Bedroom 500
2 Bedroom 616
3 Bedroom 231
Square footage 357 - 1,301

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Central gardens, Orange mound, South forum, New chicago
Voillintine-Evergreen 9
Central Gardens 4
Orange Mound 4
South Forum 3
New Chicago 3
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