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Apartments Under $1,200 in Memphis, TN

271 - 300 of 572 Results
1
$895
1315 1317 Halcomb Ln
Memphis, TN
2 BR | Available Now
Contact
1
$1,185
Rent Special!! Half Off First Month Rent!! Welcome To 958 Brandywine Blvd!
958 Brandywine Blvd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$1,195
Spacious 3-bedroom Home With Two Living Areas & Functional Layout
1555 S Perkins Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
1
$1,150
Bright 3br Sfr W/ 2 Car Garage + Eat In Kitchen + Large Patio In Memphis
4183 Argonne St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Fireplace
1
$1,195
Spacious 4 Bedroom 2 Bath Home - Open To Section 8
838 Crockett Pl Memphis, TN
4 BR | Available Now
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House
1
$925
The Marilyn On Monroe
1639 Monroe Ave Memphis, TN
1 BR | Available Now
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Dishwasher
Central Gardens
1
$800
4407 Beacon Hls Dr
Memphis, TN
3 BR | Available Now
Contact
House
1
$1,090
Welcome To 837 Homer Street!
837 Homer St Memphis, TN
2 BR | Apr. 6, 2026
Contact
House
Dishwasher
1
$825
1278 1280 Saxon Ave
Memphis, TN
3 BR | Apr. 8, 2026
Contact
Dog Friendly
Cat Friendly
0
$699 - 749
Eden Pointe
4427 Knight Arnold Rd Memphis, TN
1 - 2 BR | Available Now
Contact
1
$1,095
4644 Huckleberry Cv
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$575
Freshly Renovated 2-bedroom 1 Bath Duplex
925 Lee Ave Memphis, TN
2 BR | Available Now
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House
3
$1,131
3764 Healey Rd
Memphis, TN
2 BR | May. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
2
$1,195
Newly Renovated 3-bedroom Home With Bonus Room & Fenced Backyard
4627 Crystal Springs Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
1
$895
3173-3175 Jackson Ave
Memphis, TN
2 BR | Ask for Availability
Contact
1
$925
Updated 2 Bedroom 1.5 Bath Townhome - Open To Section 8 - $99 Move In Special
5193 Flowering Peach Dr Memphis, TN
2 BR | Available Now
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House
1
$695
Beautifully Renovated 2 Bedroom Apartment - Open To Section 8
519 Simpson Ave #2 Memphis, TN
2 BR | Available Now
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House
1
$1,135
Welcome To 2538 Lisa Ave!
2538 Lisa Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,095
Welcome To Downtown Living At Its Finest! **$99 Move In Special**
1162 Peabody Ave Unit 101 Memphis, TN
Studio | Available Now
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House
0
$700 - 1,000
Westside Manor
931 Frayser Blvd Memphis, TN
1 - 3 BR | Available Now
Contact
1
$975
985 Marble Ave
Memphis, TN
2 BR | Available Now
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House
1
$925
Very Nice Home In Raleigh - Open To Section 8
3764 Windermere Rd Memphis, TN
3 BR | Available Now
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House
0
$990
Welcome To 3990 Ashview Cove!
3990 Ashview Cv Memphis, TN
2 BR | Apr. 20, 2026
Contact
Fireplace
1
$1,175
Well Maintained 3 Bedroom 1 Bath Home - Open To Section 8 - 1st Month's Rent Free
3788 Bishops Bridge Rd Memphis, TN
3 BR | Available Now
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House
1
$995
Welcome To 5387 Cornstalk Cv In Memphis, Tn!
5387 Cornstalk Cv Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$650
1530 Monroe Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$940
Welcome To 784 Cherokee Ave!
784 Cherokee Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$950
Newly Renovated 3 Bedroom 1 Bath Home
3910 Ferdie Cv Memphis, TN
3 BR | Available Now
Contact
House
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
2
$899
Bright & Cozy 3-bed Home With Fenced Yard, Carport & Eat-in Kitchen
814 Archie Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
271 - 300 of 572 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 572 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 167 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 2,219 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 3,532 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. Voillintine-Evergreen
  2. Cooper-Young
  3. Downtown Memphis
  4. Central Gardens
  5. Orange Mound

Apartments Under $1,200 in Memphis, TN: April 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 $1,680
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,070, with the majority falling between $630 and $1,700. Out of the 3,925 one-bedroom apartments currently on the market in Memphis, 2,143 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
Southaven, MS
West Memphis, AR
Marion, AR
Cordova, TN
Millington, TN
Robinsonville, MS
Horn Lake, MS
598
8
7
6
5
5
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 April, 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 608 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 April M/M % Change
Memphis, TN 599 +0.98%
Southaven, MS 9 +0.84%
West Memphis, AR 7 +1.19%
Marion, AR 7 +1.09%
Cordova, TN 6 +0.9%
Millington, TN 5 +0.97%
Robinsonville, MS 5 +0.92%
Horn Lake, MS 4 +1.08%
Collierville, TN 3 +0.87%
Walls, MS 1 +1.11%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,488
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 248
Pet friendly 986
Utilities included 237
Furnished 48
1 Bedroom 494
2 Bedroom 683
3 Bedroom 202

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Cooper-young, Downtown memphis, Central gardens, Orange mound
Voillintine-Evergreen 7
Cooper-Young 5
Downtown Memphis 4
Central Gardens 3
Orange Mound 3
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