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Apartments Under $1,200 in Memphis, TN

361 - 390 of 562 Results
1
$1,195
Beautiful 2-bedroom Home In Chickasaw Gardens - Prime Location!
129 S Holmes St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$950
32 N Belvedere #21
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,125
Affordable Home In Memphis-comfort & Convenience Await!
4719 Lynn Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
1
$1,135
Welcome To 4177 University St!
4177 University St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,135
Welcome To 721 Western Park Dr!
721 Western Park Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$695
525 N Waldran Blvd Unit 4
Memphis, TN
1 BR | Available Now
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1
$975
Half Off 1st Full Months Rent Special !!! Welcome To 2189 Pueblo Ave
2189 Pueblo Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$1,035
Welcome To 3385 Barbwood Drive!
3385 Barbwood Dr Memphis, TN
2 BR | Oct. 30, 2026
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1
$1,050
1445 Luverne St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,195
3 Bedroom 1.5 Bathroom
252 E Shelby Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
0
$699 - 1,025
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
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1
$1,125
1 Block From Chickasaw Gardens
400 S Fenwick Rd Memphis, TN
2 BR | Oct. 10, 2026
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,065
Welcome To 1841 S. Sutton Drive!
1841 S Sutton Dr Memphis, TN
3 BR | Oct. 15, 2026
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House
0
$990
Welcome To 3992 Ashview Cove!
3992 Ashview Cv Memphis, TN
2 BR | Available Now
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1
$865
Welcome To 4496 Range Line Road! Half Off First Month Rent!!
4496 Range Line Rd Memphis, TN
3 BR | Available Now
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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
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
$1,135
Welcome To 3301 Sunrise Street!
3301 Sunrise St Memphis, TN
3 BR | Available Now
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House
Dishwasher
1
$950
1bd/1ba Condo Located On The Germantown/memphis Line!
6687-3 Whispering Oak Pl Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$700
609-611 Mallory
Memphis, TN
2 BR | Available Now
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McKeller
0
$995
Two Months Free!
684 Hobbs Dr Memphis, TN
2 BR | Available Now
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House
Dishwasher
1
$965
Welcome To 3982 Overton Crossing Street!
3982 Overton Crossing St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,110
Welcome To 1616 Winston Drive!
1616 Winston Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$575
Tiger - 3516
3516 Carnes Ave Memphis, TN
1 BR | Available Now
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1
$1,185
Welcome To 964 Brower Street!
964 Brower St Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$790
First Full Month Free! Welcome To 2972 Hale Ave!
2972 Hale Ave Memphis, TN
2 BR | Available Now
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1
$1,135
First Full Month Free! Welcome To 504 Elmfield Cove!
504 Elmfield Cv Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$895
Marilyn On Monroe
1639 Monroe Ave Memphis, TN
1 BR | Available Now
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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
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361 - 390 of 562 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 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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