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Apartments Under $1,200 in Memphis, TN

301 - 330 of 587 Results
36
$1,020 - 1,165
Vantage At Germantown
7885 Silver Spur Circle Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
0
$800
2 Bedroom / 1.5 Bath Apartment At Raleigh Pines Apartments
2789 Beverly Hills Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,135
Welcome To 3710 Dorado Cv!
3710 Dorado Cv Memphis, TN
3 BR | Available Now
Contact
House
1
$1,050
4082 Archer
4082 Archer Dr Memphis, TN
3 BR | Jul. 16, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,050
Beautifully Updated 3 Bedroom 2 Bath Home
3518 Venable Rd Memphis, TN
3 BR | Available Now
Contact
House
0
$839
Welcome To 2659 Whitman Ave In Memphis, Tn!
2659 Whitman Ave Memphis, TN
2 BR | Available Now
Contact
1
$1,190
Welcome To 3230 Sweet Springs Drive!
3230 Sweet Springs Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,190
Welcome To 297 Eastview Street!
297 Eastview St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$625
Delightful 2 Bedroom 1 Bath Duplex - Open To Section 8 - $99 Move In Specail
1133 Gerard St Memphis, TN
2 BR | Available Now
Contact
House
1
$1,195
1885 Dessa Dr -- Free Tv At Move In!
1885 Dessa Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$600
500 Simpson Ave Unit 6
Memphis, TN
2 BR | Available Now
Contact
1
$1,165
Welcome To 4148 Double Tree St!
4148 Double Tree Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
$490 - 650
Ashton Hills
4183 Troost Drive Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Covered Parking
2
$995
Charming 2-bed, 2-bath Single-story Home With Modern Comforts
3225 Park Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
2
$995
Charming Single-story Home With Front Porch & Fenced Backyard
5387 Beaverton Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
$649 - 749
Cane Creek
1528 Ragan Street Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
0
$725
Spacious 2 Bed / 1.5 Bath Apartment At Raleigh Pines
2789 Beverly Hills Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,100
4605 Verne
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,000
1629 S. Lauderdale
Memphis, TN
3 BR | Available Now
Contact
House
0
$1,035
Welcome To 3385 Barbwood Drive!
3385 Barbwood Dr Memphis, TN
2 BR | Available Now
Contact
1
$1,045
Charming 3-bedroom Home In Memphis Comfort & Convenience Await!
2858 Phyllis Cv Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$985
Welcome To 3733 Miami Ave!
3733 Miami Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
3
$782
1360 E. Alcy
Memphis, TN
1 BR | Ask for Availability
Contact
3
$737
1425 Taylor St
Memphis, TN
2 BR | Ask for Availability
Contact
1
$1,190
Welcome To 5126 Brushwood Drive!
5126 Brushwood Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$795
Crockett Place
888 Crockett Pl Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$875
Charming 2-bedroom Home For Rent
442 Jacklyn Ave Memphis, TN
2 BR | Available Now
Contact
House
1
$895
2158 Pueblo Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,175
Freshly Transformed 3 Bedroom Home - Open To Section 8
3208 Cookie Cv Memphis, TN
3 BR | Available Now
Contact
House
1
$1,100
Now Leasing – 3514 Hallbrook St, Memphis | 3 Bed / 1 Bath
3514 Hallbrook St Memphis, TN
3 BR | Available Now
Contact
House
301 - 330 of 587 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 587 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 135 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 2,397 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 3,928 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. Orange Mound
  3. Voillintine-Evergreen
  4. Cooper-Young
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: July 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 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,040, with the majority falling between $650 and $1,620. Out of the 4,445 one-bedroom apartments currently on the market in Memphis, 2,318 are priced below $1,200, accounting for 52% of the total available one-bedroom units in Memphis.

Available Apartments Under $1,200: Memphis vs. Surrounding Areas

Memphis, TN
Southaven, MS
Marion, AR
West Memphis, AR
Millington, TN
Robinsonville, MS
575
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 July, 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 618 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 July M/M % Change
Memphis, TN 576 +1.01%
Southaven, MS 7 +1.13%
Marion, AR 6 +0.91%
West Memphis, AR 6 +0.83%
Millington, TN 4 +1.19%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 3 +1.0%
Cordova, TN 3 +1.24%
Collierville, TN 1 +1.36%
Walls, MS 1 +1.14%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,020
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 207
Pet friendly 1,088
Utilities included 307
Furnished 48
1 Bedroom 540
2 Bedroom 710
3 Bedroom 225

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Orange mound, Voillintine-evergreen, Cooper-young, Downtown memphis
South Forum 6
Orange Mound 6
Voillintine-Evergreen 5
Cooper-Young 4
Downtown Memphis 2
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