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Apartments Under $1,200 in Memphis, TN

301 - 330 of 608 Results
1
$775
2 Bed, 1 Bath Ground Floor Condo
105 N Belvedere Blvd Apt 9 Memphis, TN
2 BR | Ask for Availability
Contact
House
0
$890
Half Off First Full Months Rent !! Welcome To 846 Biggs Street!
846 Biggs St Memphis, TN
2 BR | Available Now
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1
$1,040
Welcome To 1408 Alamo St!
1408 Alamo St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$975
Cozy 3 Bedroom 1 Bath Home - Open To Section 8
3279 Amselle Cir Memphis, TN
3 BR | Available Now
Contact
House
1
$699 - 999
Redwood Estates Homes
4144 Thomas St Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
1
$995
The Broadmoor Apartments
306 S Cleveland St Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$995
Goodbar Townhomes
1300 Goodbar Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$975 - 1,140
Ridgeway Commons
6033 Bangalore Ct Memphis, TN
1 - 2 BR | Available Now
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1
$825
605 E Mclemore Ave
Memphis, TN
2 BR | Available Now
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1
$695
Very Nice Duplex In Berclair
1007 National St Memphis, TN
2 BR | Available Now
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House
1
$850
Newly Remodeled 2 Bdrm, 1 Bath 
90 E Trigg Ave Memphis, TN
2 BR | Available Now
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House
1
$1,185
Welcome To 1274 Parkrose Ave!
1274 Parkrose Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
House
Dishwasher
1
$875
Renovated House In Quite Neighborhood
1507 Wilson St Memphis, TN
2 BR | Available Now
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Cat Friendly
House
1
$965
Welcome To 3740 Marvin St!
3740 Marvin St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,200
Stunning 3 Bedroom 1.5 Bath Home - Open To Section 8
2783 Ridgeview Rd Memphis, TN
3 BR | Available Now
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House
1
$995
The Marilyn On Monroe
1639 Monroe Ave Memphis, TN
1 BR | Available Now
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Dishwasher
Central Gardens
0
$995
314 S. Cleveland #4
Memphis, TN
2 BR | Available Now
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Dishwasher
1
$935
Half Off First Month Rent! Welcome To 1872 Portland Avenue!
1872 Portland Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$895
Spacious 3 Bedroom 1 Bath Home - Open To Section 8 -$99 Move In Special
2158 Pueblo Ave Memphis, TN
3 BR | Available Now
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House
2
$895
49 S. Morrison
Memphis, TN
2 BR | Available Now
Contact
1
$950
3br 1ba Home W/ Central A/c • W/d Hookups • Off-street Parking In Memphis
3110 Sunrise St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$850
1323 W Victor Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,090
157-159 Roberta Dr
Memphis, TN
2 BR | Available Now
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0
$965
Welcome To 91 Eastview Drive!
91 Eastview Dr Memphis, TN
2 BR | Mar. 9, 2026
Contact
1
$1,150
Stonerose Apartments, Bldg 104
104 N Cooper St Memphis, TN
2 BR | Available Now
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1
$850 - 975
1307 Vinton Ave
Memphis, TN
2 BR | Available Now
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1
$1,200
Available Now! Move In Special $200 Off First Months Rent!! This Property Is Section 8 Friendly!
1612 May St Memphis, TN
4 BR | Available Now
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House
1
$790
Welcome To 2917 Yale Ave!
2917 Yale Ave Memphis, TN
1 BR | Available Now
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House
1
$950
3680 Moccasin Cv
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$525
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
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Dishwasher
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 151 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 2,140 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 3,392 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 $39,000.

Which neighborhoods have the most apartments under $1,200 for rent in Memphis, TN?

  1. Voillintine-Evergreen
  2. Central Gardens
  3. Orange Mound
  4. South Forum
  5. New Chicago

Apartments Under $1,200 in Memphis, TN: February 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 $1,050, with the majority falling between $630 and $1,620. Out of the 3,765 one-bedroom apartments currently on the market in Memphis, 2,085 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
West Memphis, AR
Marion, AR
Southaven, MS
Millington, TN
Horn Lake, MS
Cordova, TN
Robinsonville, MS
568
9
7
7
4
4
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 February, 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 653 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 February M/M % Change
Memphis, TN 568 +0.98%
West Memphis, AR 9 +1.04%
Marion, AR 7 +0.98%
Southaven, MS 7 +0.95%
Millington, TN 5 +0.6%
Horn Lake, MS 4 +0.8%
Cordova, TN 4 +0.8%
Robinsonville, MS 4 +1.0%
Collierville, TN 2 +0.82%
Walls, MS 2 +1.31%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,270
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 389
Pet friendly 1,006
Utilities included 239
Furnished 47
1 Bedroom 500
2 Bedroom 616
3 Bedroom 231
Square footage 357 - 1,301

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Central gardens, Orange mound, South forum, New chicago
Voillintine-Evergreen 9
Central Gardens 4
Orange Mound 4
South Forum 3
New Chicago 3
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