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Apartments Under $1,200 in Memphis, TN

301 - 330 of 579 Results
1
$1,090
Welcome To 3733 Vernon Ave!
3733 Vernon Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$895
Available Now!!!! Move In Special $100 Off First Months Rent!!
3607 Stcroix Pl Memphis, TN
2 BR | Available Now
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House
1
$925
Beautiful House In Quite Neighborhood
2206 Hillside Ave Memphis, TN
3 BR | Available Now
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House
1
$695
Renovated 2 Bedroom 1 Bath Duplex - Open To Section 8 - $99 Move In Special
1917 Farrington St Memphis, TN
2 BR | Available Now
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House
0
$750
Welcome To 1423 Todds Creek Cove!
1423 Todds Creek Cv Memphis, TN
2 BR | Available Now
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1
$1,090
Welcome To 3627 Royal Wood Drive!
3627 Royal Wood Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$625
Charming 2 Bedroom 1 Bathroom Apartment
1025 S Wellington St Unit 3 Memphis, TN
2 BR | Available Now
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House
1
$775
820 Maury St
Memphis, TN
1 BR | Available Now
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Voillintine-Evergreen
3
$600
3063 Lyndale Ave Unit Duplex
Memphis, TN
2 BR | Available Now
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1
$995
2370 Larose Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$875
Raleigh Living: Updated 2-bedroom With Modern Finishes
2789 Beverly Hills Rd #8 Memphis, TN
2 BR | Available Now
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House
1
$1,015
Welcome To 3572 Suzanne Dr!
3572 Suzanne Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,025
3430 Shiloh Dr
3430 Shiloh St Memphis, TN
3 BR | Available Now
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Cat Friendly
House
1
$990
Welcome To 426 Delta Road!
426 Delta Rd Memphis, TN
3 BR | Apr. 17, 2026
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Dog Friendly
Cat Friendly
House
1
$1,175
Charming 3br Home With Large Backyard – Section 8 Welcome
1622 Alta Vista Ave Memphis, TN
3 BR | Available Now
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House
1
$935
Welcome To 2551 Dakar Ave!
2551 Dakar Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$935
Welcome To 996 University Street!
996 University St Memphis, TN
2 BR | Available Now
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Balcony/Deck/Patio
Voillintine-Evergreen
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
1
$1,195
Midtown Memphis - 495 Dickinson St., 38112 - Move In Special
495 / 495 DICKINSON Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,200
Section 8 Approved - Now Available For Lease – 3 Bed / 2 Bath Home
2283 Poe Ave Memphis, TN
3 BR | Available Now
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House
0
$699 - 1,100
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
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1
$595
1435 Madison Ave.
1435 Madison Ave #5 Memphis, TN
Studio | May. 15, 2026
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1
$1,135
Welcome To 837 Carrolton Road!
837 Carrolton Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$990
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
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
0
$890
Welcome To 1742 Brown Ave In Memphis, Tn!
1742 Brown Ave Memphis, TN
2 BR | Available Now
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Voillintine-Evergreen
1
$1,025
Charming 3-bedroom Home With Carport In Memphis
4327 Mountain Terrace St Memphis, TN
3 BR | Available Now
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House
1
$725
Charming Midtown 2 Bedroom - 1 Bath | Freshly Updated | Open To Section 8
1537 Standridge St Memphis, TN
2 BR | Available Now
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House
1
$1,000
3br 1ba Home W/ Fenced Backyard & Patio • Stove-ready Kitchen • Carport In Memphis
2237 Gayle Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
1
$1,190
Half Off First Month Rent!! Welcome To 3220 Alta Rd!
3220 Alta Rd Memphis, TN
4 BR | Available Now
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House
301 - 330 of 579 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 579 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 2,251 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 3,569 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 $1,090, with the majority falling between $630 and $1,690. Out of the 3,823 one-bedroom apartments currently on the market in Memphis, 2,043 are priced below $1,200, accounting for 53% 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 3
Central Gardens 3
Orange Mound 3
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