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Apartments Under $1,200 in Memphis, TN

361 - 390 of 561 Results
0
$840
Half Off 1st Full Months Rent Special !! Welcome To 848 Biggs Street!
848 Biggs St Memphis, TN
2 BR | Available Now
Contact
1
$950
Goodbar Townhomes
1300 Goodbar Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,005
Welcome To 151 Clower Road!
151 Clower Rd Memphis, TN
2 BR | Sep. 4, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,190
Welcome To 2278 Arlene Ave!
2278 Arlene Ave Memphis, TN
3 BR | Sep. 4, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$885
Campbell 2562
2562 Quail Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,165
Welcome To 1863 Burnham Ave!
1863 Burnham Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$940
Welcome To 598 Orchard Ave!
598 Orchard Ave Memphis, TN
3 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$795
3173-3175 Jackson Ave
Memphis, TN
2 BR | Ask for Availability
Contact
3
$910
3571 S Third St
Memphis, TN
1 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
Welcome To 3301 Sunrise Street!
3301 Sunrise St Memphis, TN
3 BR | Aug. 26, 2026
Contact
House
Dishwasher
1
$950
1bd/1ba Condo Located On The Germantown/memphis Line!
6687-3 Whispering Oak Pl Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$775
609-611 Mallory
Memphis, TN
2 BR | Available Now
Contact
McKeller
0
$825 - 900
Stonebrook Apartments
6371 Winchester Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,190
Welcome To 4360 Walnut Hill Drive!
4360 Walnut Hill Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,195
1679 Parktown Pl
Memphis, TN
2 BR | Available Now
Contact
House
1
$999
2 Bedroom 1 Bath In Midtown Near Peabody And Cooper
2020 Courtland Pl Memphis, TN
2 BR | Available Now
Contact
House
Dishwasher
1
$995
Newly Renovated House On A Quiet Street
1467 Oberle Memphis, TN
4 BR | Available Now
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House
1
$645
1591 Locust
Memphis, TN
1 BR | Available Now
Contact
0
$995
Affordable Housing Close To U Of M & Highland
684 Hobbs Dr Memphis, TN
2 BR | Available Now
Contact
House
Dishwasher
1
$750
Tiger - 3516
3516 Carnes Ave Memphis, TN
1 BR | Sep. 18, 2026
Contact
0
$790
First Full Month Free! Welcome To 2972 Hale Ave!
2972 Hale Ave Memphis, TN
2 BR | Available Now
Contact
0
$650
3755 Fairmont Ave
Memphis, TN
1 BR | Ask for Availability
0
$950
3 Bed 1 Bath For Rent!!!@
5132 Blacksmith Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
2
$696
3155 Sharpe Ave
Memphis, TN
1 BR | Ask for Availability
Contact
0
$699 - 1,025
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
Contact
1
$1,150
Welcome To 3573 Wickcliff Ln!
3753 Wickcliff Ln Memphis, TN
3 BR | Sep. 15, 2026
Contact
House
Dishwasher
1
$905
Welcome To 1532 Barton Street!
1532 Barton St Memphis, TN
2 BR | Aug. 28, 2026
Contact
House
Dishwasher
1
$865
Welcome To 4496 Range Line Road! Half Off First Month Rent!!
4496 Range Line Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
361 - 390 of 561 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 561 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 179 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 2,899 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 4,383 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: August 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 $1,060, with the majority falling between $650 and $1,630. Out of the 4,620 one-bedroom apartments currently on the market in Memphis, 2,715 are priced below $1,200, accounting for 59% 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
Robinsonville, MS
Millington, TN
Cordova, TN
575
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 August, 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 619 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 August M/M % Change
Memphis, TN 575 +1.0%
Southaven, MS 7 +1.0%
West Memphis, AR 7 +0.85%
Marion, AR 7 +0.89%
Robinsonville, MS 5 +0.96%
Millington, TN 4 +1.04%
Cordova, TN 4 +0.69%
Horn Lake, MS 3 +1.0%
Collierville, TN 1 +1.14%
Walls, MS 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,551
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 312
Pet friendly 1,041
Utilities included 276
Furnished 48
1 Bedroom 542
2 Bedroom 682
3 Bedroom 232

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 10
Voillintine-Evergreen 9
Downtown Memphis 4
Orange Mound 3
Mud Island 2
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