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Apartments Under $1,200 in Memphis, TN

391 - 420 of 587 Results
1
$1,175
Freshly Transformed 3 Bedroom Home - Open To Section 8
3208 Cookie Cv Memphis, TN
3 BR | Available Now
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House
1
$1,100
Now Leasing – 3514 Hallbrook St, Memphis | 3 Bed / 1 Bath
3514 Hallbrook St Memphis, TN
3 BR | Available Now
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House
0
$865
Ruby Oaks Apartments
2464 Ruby Oaks Dr Memphis, TN
2 BR | Available Now
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Dishwasher
1
$695
Renovated 2 Bedroom 1 Bath Duplex - Open To Section 8 - $99 Move In Special
1917 Farrington St Memphis, TN
2 BR | Available Now
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House
1
$625
Charming 2 Bedroom 1 Bathroom Apartment
1025 S Wellington St Unit 3 Memphis, TN
2 BR | Available Now
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House
1
$725
820 Maury St
Memphis, TN
1 BR | Available Now
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Voillintine-Evergreen
1
$990
Welcome To 5203 Black Diamond Cv!
5203 Black Diamond Cv Memphis, TN
3 BR | Jul. 15, 2026
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Dog Friendly
Cat Friendly
House
1
$950
3585 Mayfair Ave
Memphis, TN
3 BR | Available Now
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House
1
$1,075
3338 Covington Pike
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
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1
$995
2 Bedroom Townhome In Berclair - 975 N. White Station Rd.
975 N White Station Rd Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$840
Welcome To 1778 Marjorie Street!
1778 Marjorie St Memphis, TN
2 BR | Jul. 24, 2026
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Dog Friendly
Cat Friendly
House
1
$1,135
Welcome To 2076 Willow Wood Ave!
2076 Willow Wood Ave Memphis, TN
3 BR | Jul. 10, 2026
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,190
Welcome To 344 E Shelby Drive!
344 E Shelby Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,075
Move-in Ready! Charming 3 Bdrm - 2 Bath | Freshly Painted & Updated
4407 Howardcrest Dr Memphis, TN
3 BR | Available Now
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House
0
$695
3044 Sinclair St
Memphis, TN
2 BR | Ask for Availability
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1
$995
Cozy Single-story Home With Bright Living Spaces
3645 Allandale Rd Memphis, TN
2 BR | Ask for Availability
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House
Air Conditioning
0
$790
Welcome To 2970 Hale Ave! Move-in Special
2970 Hale Ave Memphis, TN
2 BR | Available Now
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1
$725
2225 Riley Ave
2225 Riley Aly Memphis, TN
3 BR | Available Now
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Cat Friendly
House
1
$950
Reduced Rent ~ Charming 3br Memphis Home With Bright Living Space & Backyard Retreat
2673 Midland Ave Memphis, TN
3 BR | Available Now
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House
1
$850
1304 1306 Snowden Ave
Memphis, TN
2 BR | Jul. 6, 2026
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Dog Friendly
Cat Friendly
0
$755
Grainge Hill
2281 Ketchum Rd Memphis, TN
2 BR | Available Now
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1
$1,170
1050 Dora Cv -- Half Off First Month's Rent!
1050 Dora Cv Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$945
Great Property In Quite Neighborhood
632 Harahan Rd Memphis, TN
4 BR | Available Now
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House
1
$1,000
The Den Apartments, Bldg 3570
3570 Mynders Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
0
$890
Welcome To 93 Eastview!
93 Eastview Dr Memphis, TN
2 BR | Available Now
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1
$1,155
Welcome To 4557 Spring Valley Drive!
4557 Spring Valley Dr Memphis, TN
4 BR | Jul. 31, 2026
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Dog Friendly
Cat Friendly
House
1
$1,025
Welcome To 2853 Sage!
2853 Sage Rd Memphis, TN
3 BR | Available Now
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House
1
$1,035
Welcome To 1271 Chickamauga Avenue!
1271 Chickamauga Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,090
Welcome To 2771 Northmeade Ave!
2771 Northmeade Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
391 - 420 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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