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Apartments Under $1,200 in Memphis, TN

361 - 390 of 580 Results
1
$1,025
Well-maintained 2br/1.5ba Duplex Units With Central Hvac – Memphis - Open To Section 8
3755 Ironwood Dr Memphis, TN
2 BR | Available Now
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House
1
$725
Charming Midtown 2 Bedroom - 1 Bath | Freshly Updated | Open To Section 8
1531 Standridge St Memphis, TN
2 BR | Available Now
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House
1
$945 - 975
Cgient Properties Llc-4
123 Stonewall St Memphis, TN
1 BR | Available Now
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1
$1,135
Welcome To 2073 Gayle Ave!
2073 Gayle Ave Memphis, TN
3 BR | Available Now
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House
Dishwasher
1
$825 - 850
151 N Belvedere Blvd
Memphis, TN
2 BR | Available Now
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Dishwasher
1
$450
4790 Northwood Hills Dr
Memphis, TN
5 BR | Apr. 30, 2026
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House
Air Conditioning
Storage
Dishwasher
2
$1,095
Inviting 3-bed Single-story Home With Natural Light & Modern Updates
4440 Range Line Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
1
$1,135
Welcome To 872 Western Park Drive!
872 Western Park Dr Memphis, TN
3 BR | Available Now
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House
1
$1,095
Spacious 4 Bedroom / 2 Bath Home – Fully Updated – Open To Section 8
1319 E Nicholas St Memphis, TN
4 BR | Available Now
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House
1
$925
1572 Harrison
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$995
1892 Eldorado
1892 Eldordado St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$795
1245 Elliston
Memphis, TN
2 BR | Apr. 17, 2026
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House
1
$1,035
Welcome To 2717 Carnes Ave! Half Off First Month Rent!
2717 Carnes Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Orange Mound
1
$625
Newly Renovated House On A Quiet Street
701 Lyman Memphis, TN
2 BR | Available Now
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House
0
$790
Affordable Duplex Near Summer Ave.
3385 Vernon Ave Memphis, TN
2 BR | Available Now
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1
$1,035
Welcome To 2302 Alameda Ave! Full First Month Rent Free!!
2302 Alameda Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
3
$1,131
3764 Healey Rd
Memphis, TN
2 BR | May. 1, 2026
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Dog Friendly
Cat Friendly
House
1
$775
2 Bed, 1 Bath Ground Floor Condo
105 N Belvedere Blvd Apt 9 Memphis, TN
2 BR | Ask for Availability
Contact
House
1
$595
Charming 1 Bed / 1 Bath Home – Open To Section 8
2253 Marble Ave Memphis, TN
1 BR | Available Now
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House
1
$1,150
Newly Renovated Unit In Heart Of Memphis
2577 Select Ave Memphis, TN
4 BR | Available Now
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House
Orange Mound
1
$1,165
Welcome To 2370 Hillside Ave!
2370 Hillside Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$645
1591 Locust
Memphis, TN
1 BR | Available Now
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0
$750
Welcome To 1425 Todds Creek Cove!
1425 Todds Creek Cv Memphis, TN
2 BR | Available Now
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0
$950
Beautiful 2 Bedroom Midtown Apartment!!
1300 Goodbar Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$890
Welcome To 1740 Brown Ave, A Charming Duplex Located In The Vibrant City Of Memphis, Tn.
1740 Brown Ave Memphis, TN
2 BR | Available Now
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Voillintine-Evergreen
0
$825 - 1,050
Stonebrook Apartments
6371 Winchester Rd Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
0
$795
3044 Sinclair St
Memphis, TN
2 BR | Ask for Availability
Contact
1
$850
1304 1306 Snowden Ave
Memphis, TN
2 BR | Apr. 16, 2026
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Dog Friendly
Cat Friendly
0
$749
Grainge Hill
2281 Ketchum Rd Memphis, TN
2 BR | Available Now
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1
$1,195
1050 Dora Cv
Memphis, TN
3 BR | Apr. 8, 2026
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Dog Friendly
Cat Friendly
House
361 - 390 of 580 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 580 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 2,252 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 3,570 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 6
Cooper-Young 5
Downtown Memphis 3
Central Gardens 3
Orange Mound 3
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