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Apartments Under $1,200 in Memphis, TN

361 - 390 of 587 Results
1
$1,105
Welcome To 755 E. Mckeller Ave!
755 E Mckeller Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
McKeller
2
$696
3155 Sharpe Ave
Memphis, TN
1 BR | Ask for Availability
Contact
0
$699 - 1,100
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
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1
$595
Come See This Newly Renovated Duplex In Hyde Park Area
1445 Britton St Memphis, TN
1 BR | Available Now
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House
1
$1,025
Nice Home In The U Of M Area
3781 Barron Ave Memphis, TN
2 BR | Available Now
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House
Dishwasher
1
$1,135
Welcome To 158 Pickett Road!
158 Pickett Rd Memphis, TN
4 BR | Jul. 15, 2026
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Dog Friendly
Cat Friendly
House
1
$1,190
Welcome To 2986 Lake Park Road!
2986 Lake Park Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,050
1445 Luverne St
Memphis, TN
3 BR | Aug. 3, 2026
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House
1
$915
Welcome To 4496 Range Line Road!
4496 Range Line Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$850
720 Frayser Dr
Memphis, TN
2 BR | Available Now
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House
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
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
$1,195
1154 Springdale St
Memphis, TN
3 BR | Available Now
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House
1
$1,150
2692 Select Ave
Memphis, TN
3 BR | Ask for Availability
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House
Orange Mound
1
$1,100
761 Goodwyn St
Memphis, TN
2 BR | Available Now
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1
$1,132
2131 Wilson Rd
Memphis, TN
1 BR | Ask for Availability
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1
$725 - 1,100
Camelot Manor
3167 Ashwood St Memphis, TN
1 - 3 BR | Available Now
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0
$679 - 749
Scenic Hills
3108 New Allen Rd Memphis, TN
1 - 2 BR | Available Now
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0
$890
Welcome To 996 S. Highland Street! Half Off First Month Rent!
996 S Highland St Memphis, TN
2 BR | Available Now
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Dishwasher
0
$825 - 1,050
Stonebrook Apartments
6371 Winchester Rd Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
1
$850
Single-family Rental
3329 Madewell Dr Memphis, TN
2 BR | Available Now
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House
0
$865
First Month Rent Free!! Welcome To 2655 Whitman!
2655 Whitman Ave Memphis, TN
2 BR | Available Now
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1
$1,025
Adorable Renovation
3060 Guernsey Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,025
Spacious 3 Bedroom Home In Memphis - 3666 Bluff Wood Dr.
3666 Bluff Wood Rd Memphis, TN
3 BR | Available Now
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House
1
$895
310 Jones St
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,135
Welcome To 3575 Kensett Drive!
3575 Kensett Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$695
Charming 2 Bedroom 1 Bath Duplex - Open To Section 8
1463 Boxwood St Memphis, TN
2 BR | Available Now
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House
1
$850
Charming 2 Bedroom 1 Bath Home
1507 Hamilton St Memphis, TN
2 BR | Available Now
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House
Orange Mound
0
$940
Welcome To 2045 Lamar Ave! $200 Off Your First Full Month's Rent.
2045 Lamar Ave Memphis, TN
2 BR | Available Now
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1
$925
Very Nice Newly Rehabbed Home In Frayser
3164 Madeline Cir Memphis, TN
3 BR | Available Now
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House
361 - 390 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 166 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 2,566 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 4,010 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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