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Apartments Under $1,200 in Memphis, TN

331 - 360 of 562 Results
5
$823
Fielder Square
70 S 4th St Memphis, TN
Studio | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Luxury
Section 8
5
$905 - 1,055
Riverset Apartment Homes
100 Riverset Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
5
$830
Madison Place Apartments
1772-1776 Madison Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
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
1
$1,135
First Full Month Free! Welcome To 504 Elmfield Cove!
504 Elmfield Cv Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
0
$895
Marilyn On Monroe
1639 Monroe Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Central Gardens
0
$1,190
Welcome To 1857 S. Perkins Road!
1857 S Perkins Rd Memphis, TN
3 BR | Available Now
Contact
1
$1,050
Reduced Price And End Of Summer Move In Special $250 Off First Months Rent!!!
3427 S Prescott Cir Memphis, TN
2 BR | Available Now
Contact
House
1
$735
1344-1346 Hyde Pk Blvd
Memphis, TN
2 BR | Available Now
Contact
3
$910
3571 S Third St
Memphis, TN
1 BR | Ask for Availability
Contact
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
5
$739
Eton Square Apartments
3315 Ridgeway Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
5
$928
Poplar Place Townhomes
1669 Randolph Pl Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Fitness Center
2
$1,150
3609 Mynders Ave
Memphis, TN
2 BR | Ask for Availability
Contact
1
$875
3 Bed 1 Bath For Rent!!!
3510 Rochester Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
1
$1,132
2131 Wilson Rd
Memphis, TN
1 BR | Ask for Availability
Contact
1
$1,200
25 S. Barksdale
Memphis, TN
3 BR | Oct. 23, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,000
The Den Apartments, Bldg 3570
3570 Mynders Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900
1304 1306 Snowden Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$755
Grainge Hill
2281 Ketchum Rd Memphis, TN
2 BR | Available Now
Contact
1
$1,135
Welcome To 4920 Shayne Cv!
4920 Shayne Cv Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,095
Awesome Home For Rent!!!!
618 Frayser Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,050
2-bedroom, 1 Bath Single Family For Rent In Memphis, Tn | Fenced Backyard & Modern Kitchen
1931 Manila Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Cooper-Young
1
$1,100
Three Bedroom Home Available Now
3243 Benjestown Rd Memphis, TN
3 BR | Available Now
Contact
House
1
$1,090
Welcome To 5158 Breckenwood Drive!
5158 Breckenwood Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,015
Welcome To 4557 Spring Valley Drive!
4557 Spring Valley Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$990
!!rent Special - 1/2 Off First Month Rent!! Welcome To 2771 Northmeade Ave!
2771 Northmeade Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,025
3450 Admore
Memphis, TN
3 BR | Available Now
Contact
House
331 - 360 of 562 Results
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  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, 2,526 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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