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Apartments Under $1,200 in Memphis, TN

271 - 300 of 587 Results
1
$1,095
480F - 2167 Washington
Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$1,100
Newly Renovated Home In Frayser - Open To Section 8
2583 Derbyshire Ave Memphis, TN
3 BR | Available Now
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House
1
$995
2100 Stovall Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$990
Introducing 5169 Braden Dr!
5169 Braden Dr Memphis, TN
3 BR | Available Now
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House
1
$1,190
Welcome To 3359 Spring Water Cove!
3359 Spring Water Cv Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$825
605 E Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
1
$699 - 999
Redwood Estates Homes
4144 Thomas St Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
1
$950
Goodbar Townhomes
1300 Goodbar Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$895
3 Bed 1 Bath For Rent!!!
3510 Rochester Rd Memphis, TN
3 BR | Ask for Availability
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House
2
$895
Available Now!!
2765 Walnut Rd Memphis, TN
3 BR | Ask for Availability
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House
1
$1,025
Renovated 3-bedroom Gem On A Quiet Residential Street - Open To Section 8
914 Restbrook Ave Memphis, TN
3 BR | Available Now
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House
1
$950
Newly Renovated Unit In Heart Of Memphis
2812 Amsden Ave Memphis, TN
3 BR | Available Now
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House
1
$895
Newly Renovated Unit In Heart Of Memphis
291 Red Oak St Memphis, TN
2 BR | Available Now
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House
1
$1,195
Newly Rehabbed Home In Raleigh - Open To Section 8
3801 Rainford Dr Memphis, TN
3 BR | Available Now
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House
1
$1,065
Adenst3203
3203 Aden St Memphis, TN
3 BR | Available Now
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1
$1,095
1931 Mignon Ave
1931MIGNON Memphis, TN
2 BR | May. 27, 2026
Contact
1
$995
Well-maintained 2br/1.5ba Duplex Units With Central Hvac – Memphis - Open To Section 8
3755 Ironwood Dr Memphis, TN
2 BR | Available Now
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House
1
$725
Charming Midtown 2 Bedroom - 1 Bath | Freshly Updated | Open To Section 8
1531 Standridge St Memphis, TN
2 BR | Available Now
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House
1
$945 - 975
Cgient Properties Llc-4
123 Stonewall St Memphis, TN
1 BR | Available Now
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1
$800
Te - Spottswoodave3885
3885 Spottswood Ave Memphis, TN
1 BR | Available Now
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1
$825 - 850
151 N Belvedere Blvd
Memphis, TN
2 BR | Available Now
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Dishwasher
1
$875
585 E Pkwy
Memphis, TN
2 BR | Jul. 17, 2026
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Dog Friendly
Cat Friendly
House
1
$1,175
Court Square
62 N Main St Memphis, TN
1 BR | Available Now
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Downtown Memphis
1
$525
Newly Refreshed 1 Bedroom 1 Bathroom Duplex - $99 Move In Special
1408 Effie Rd Memphis, TN
1 BR | Available Now
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House
1
$995
Renovated House In Quite Neighborhood
3013 Morningside St Memphis, TN
3 BR | Available Now
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House
1
$940
Welcome To 784 Cherokee Ave! Half Off First Month Rent!!
784 Cherokee Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$650
3755 Fairmont Ave
Memphis, TN
1 BR | Ask for Availability
0
$975
3 Bed 1 Bath For Rent!!!@
5132 Blacksmith Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
3
$800
4br House In Memphis
439 Marlowe Ave Memphis, TN
4 BR | Ask for Availability
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House
Air Conditioning
1
$1,135
Welcome To 5286 Broken Oak Drive!
5286 Broken Oak Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
271 - 300 of 587 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 587 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 163 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 2,510 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 3,832 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. Downtown Memphis
  3. High Point Terrace
  4. Voillintine-Evergreen
  5. Mud Island

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 $1,030, with the majority falling between $640 and $1,640. Out of the 4,296 one-bedroom apartments currently on the market in Memphis, 2,561 are priced below $1,200, accounting for 60% 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, Downtown memphis, High point terrace, Voillintine-evergreen, Mud island
South Forum 5
Downtown Memphis 3
High Point Terrace 3
Voillintine-Evergreen 3
Mud Island 2
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