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Apartments Under $1,200 in Memphis, TN

301 - 330 of 608 Results
1
$1,150
Spacious 2 Bedroom 2.5 Bath Townhome For Lease
2782 W Hickory Blf Memphis, TN
2 BR | Dec. 30, 2025
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House
Dishwasher
0
$1,145
3109 Christine
3109 Christine Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,035
Welcome To 1560 Cane Road!
1560 Cane Rd Memphis, TN
3 BR | Available Now
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House
2
$1,095
Inviting 3-bed Single-story Home With Natural Light & Modern Updates
4440 Range Line Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
0
$835
Duplex Near Summer Ave.
3385 Vernon Ave Memphis, TN
2 BR | Available Now
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1
$1,035
Welcome To 2302 Alameda Ave!
2302 Alameda Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,040
Welcome To 858 Brandywine Blvd In Memphis, Tn!
858 Brandywine Blvd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$750
3181 Radford
Memphis, TN
2 BR | Available Now
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House
1
$1,010
Welcome To 858 Alaska St! 1/2 Off First Months Rent!
858 Alaska St Memphis, TN
3 BR | Jan. 19, 2026
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Dog Friendly
Cat Friendly
House
1
$995
3447 Cook Rd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$935
Welcome To 3772 Hyacinth Drive!
3772 Hyacinth Dr Memphis, TN
2 BR | Jan. 2, 2026
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0
$1,040
Welcome To 2268 Jackson Ave!
2268 Jackson Ave Memphis, TN
2 BR | Available Now
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Dishwasher
1
$800
Renovated 2 Bdrm 1 Bath | Duplex | Open To Section 8 | $99 Move In Special
1919 Farrington St Memphis, TN
2 BR | Available Now
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House
1
$990
Welcome To 745 Harahan Road!
745 Harahan Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,150
Move In By 01/15/2026 Get Half Off First Month Rent! Welcome To 965 Dillworth Street!
965 Dillworth St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,110
First Month Free; Adorable Duplex In Crosstown Area!
1511 Jackson Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
Fireplace
1
$1,125
Free Full First Months Rent !! Welcome To 1253 Dogwood Drive!
1253 Dogwood Dr Memphis, TN
3 BR | Available Now
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House
Dishwasher
1
$1,200
Newly Renovated Home For Rent In Parkway Village - $99 Move In Special
4134 Berrywood Ave Memphis, TN
3 BR | Available Now
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House
1
$1,090
Move In By 01/015/2026- Get Half Off First Month Rent! Welcome To 871 Freeman St!
871 Freeman St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,150
4773 Northfield Cir
Memphis, TN
3 BR | Ask for Availability
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House
1
$1,135
Welcome To 745 Margie Dr!
745 Margie Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$995
Bright & Comfortable 2br Duplex Home In East Memphis
2949 Carnes Ave Memphis, TN
2 BR | Ask for Availability
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House
Air Conditioning
3
$1,045
Charming 3-bedroom Bungalow With Backyard Oasis And Bonus Studio Space
3771 Sturgeon Ave Memphis, TN
3 BR | Ask for Availability
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House
2
$1,150
Charming 3-bedroom Home With Natural Light & Modern Finishes
214 Radar Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
0
$1,095
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
$840
3034-3036 Sinclair St
Memphis, TN
2 BR | Jan. 16, 2026
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1
$985
Welcome To 220 Elder Rd!
220 Elder Rd Memphis, TN
3 BR | Jan. 2, 2026
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House
1
$975
Move-in Special 1/2 Off 1st Month's Rent!!
4117 Chippewa Dr Memphis, TN
3 BR | Available Now
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House
1
$1,050
Nice Quite Neighborhood
3272 Spring Valley Cv Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$825
Welcome To 2970 Hale Ave!
2970 Hale Ave Memphis, TN
2 BR | Available Now
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301 - 330 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 169 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 2,166 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 3,437 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. South Forum
  3. Orange Mound
  4. New Chicago
  5. Cooper-Young

Apartments Under $1,200 in Memphis, TN: December 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 12 25 37 50 <$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 $1,070, with the majority falling between $620 and $1,700. Out of the 3,625 one-bedroom apartments currently on the market in Memphis, 2,112 are priced below $1,200, accounting for 58% 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
Walls, MS
Robinsonville, MS
Horn Lake, MS
529
9
7
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 December, 2025. 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 631 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 December M/M % Change
Memphis, TN 530 +0.96%
West Memphis, AR 9 +1.02%
Marion, AR 8 +1.04%
Southaven, MS 7 +1.0%
Walls, MS 4 +1.25%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 4 +1.21%
Cordova, TN 3 +0.93%
Millington, TN 2 +0.73%
Bartlett, TN 1 -0.33%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,022
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 120
Pet friendly 917
Utilities included 203
Furnished 46
1 Bedroom 443
2 Bedroom 591
3 Bedroom 220
Square footage 311 - 1,310

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, South forum, Orange mound, New chicago, Cooper-young
Voillintine-Evergreen 7
South Forum 4
Orange Mound 4
New Chicago 3
Cooper-Young 3
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