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Apartments Under $1,200 in Memphis, TN

301 - 330 of 562 Results
1
$665 - 775
1415 Breedlove St
Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
2
$557
3384 Harmony Ct
Memphis, TN
3 BR | Ask for Availability
Contact
1
$795
3173-3175 Jackson Ave
Memphis, TN
2 BR | Ask for Availability
Contact
2
$1,195
Charming 3-bedroom Brick Home With Carport & Fenced Backyard
5253 Bitter Creek Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
3
$910
3571 S Third St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$1,190
Welcome To 1304 Oak Street! Section 8 Welcome
1304 Oak St Memphis, TN
3 BR | Oct. 30, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,110
Welcome To 2108 Curry Ave In Memphis, Tn!
2108 Curry Ave Memphis, TN
3 BR | Available Now
Contact
House
1
$750
515 Carpenter
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$990
Welcome To 4450 Sunny View Drive!
4450 Sunny View Dr Memphis, TN
3 BR | Available Now
Contact
House
1
$795
Crockett Place
888 Crockett Pl Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$990
Welcome To 5197 Chantilly Dr In Memphis, Tn!
5197 Chantilly Dr Memphis, TN
3 BR | Available Now
Contact
House
0
$849 - 899
1306 Carr
1306 Carr Ave Memphis, TN
1 BR | Available Now
Contact
1
$1,100
Now Leasing – 3514 Hallbrook St, Memphis | 3 Bed / 1 Bath
3514 Hallbrook St Memphis, TN
3 BR | Available Now
Contact
House
0
$865
Ruby Oaks Apartments
2464 Ruby Oaks Dr Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$690
820 Maury St
Memphis, TN
1 BR | Available Now
Contact
Voillintine-Evergreen
1
$1,135
First Full Month Free!! Welcome To 3575 Kensett Drive!
3575 Kensett Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$715 - 1,075
Camelot Manor
3167 Ashwood St Memphis, TN
1 - 3 BR | Available Now
Contact
0
$679 - 749
Scenic Hills
3108 New Allen Rd Memphis, TN
1 - 2 BR | Available Now
Contact
1
$1,030
Welcome To 3581 Kensett Drive!
3581 Kensett Dr Memphis, TN
3 BR | Oct. 9, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,035
Welcome To 3909 University!
3909 University St Memphis, TN
3 BR | Available Now
Contact
House
0
$995
Affordable Housing Close To U Of M & Highland
3450 Spottswood Ave Memphis, TN
2 BR | Available Now
Contact
House
Dishwasher
1
$650 - 775
Campbell 322
322 Hodges St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$550
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
Contact
1
$1,135
Welcome To 2449 Labonte Drive!
2449 Labonte Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,135
!!rent Special!! Half Off First Month Rent!! Welcome To 1023 Waring Road!
1023 Waring Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$865
First Month Rent Free!! Welcome To 2655 Whitman!
2655 Whitman Ave Memphis, TN
2 BR | Available Now
Contact
1
$740
Welcome To 2917 Yale Ave! Move In Special Half Off First Months Rent!!!!
2917 Yale Ave Memphis, TN
1 BR | Available Now
Contact
House
0
$699 - 1,025
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
Contact
1
$1,125
1 Block From Chickasaw Gardens
400 S Fenwick Rd Memphis, TN
2 BR | Oct. 10, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,065
Welcome To 1841 S. Sutton Drive!
1841 S Sutton Dr Memphis, TN
3 BR | Oct. 15, 2026
Contact
House
301 - 330 of 562 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 562 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 161 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 2,562 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 3,997 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. Voillintine-Evergreen
  3. Downtown Memphis
  4. Orange Mound
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: October 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 $1,040, with the majority falling between $650 and $1,600. Out of the 4,579 one-bedroom apartments currently on the market in Memphis, 2,524 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
Marion, AR
West Memphis, AR
Southaven, MS
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
575
8
6
6
6
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 October, 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 589 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 October M/M % Change
Memphis, TN 576 +1.01%
Marion, AR 8 +0.91%
West Memphis, AR 6 +1.07%
Southaven, MS 6 +1.05%
Millington, TN 6 +0.72%
Cordova, TN 5 +0.94%
Robinsonville, MS 5 +1.01%
Horn Lake, MS 3 +1.0%
Walls, MS 1 +1.0%
Collierville, TN 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,490
Top amenities Fitness Center, Air Conditioning, Dishwasher, Refrigerator, Pool
Deals 268
Pet friendly 989
Utilities included 330
Furnished 49
1 Bedroom 528
2 Bedroom 616
3 Bedroom 214

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 9
Voillintine-Evergreen 6
Downtown Memphis 3
Orange Mound 3
Mud Island 2
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