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Apartments Under $1,200 in Memphis, TN

391 - 420 of 580 Results
0
$990
Welcome To 2045 Lamar Ave!
2045 Lamar Ave Memphis, TN
2 BR | Apr. 20, 2026
Contact
1
$1,195
Updated 3 Bedroom 1 Bath Home - Open To Section 8
2506 Thackery Dr Memphis, TN
3 BR | Available Now
Contact
House
1
$1,140
Lochinvardr5572
5572 Lochinvar Dr Memphis, TN
3 BR | Available Now
Contact
1
$950
744 Lester St
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$679 - 749
Scenic Hills
3108 New Allen Rd Memphis, TN
1 - 2 BR | Available Now
Contact
1
$715 - 1,100
Camelot Manor
3167 Ashwood St Memphis, TN
1 - 3 BR | Available Now
Contact
1
$1,055
Welcome To 1401 Alamo St, A Charming 3-bedroom, 1-bathroom Home Located In Memphis, Tn.
1401 Alamo St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$850
Charming 2 Bedroom Home In Memphis - $99 Move In Special
2147 Turner Ave Memphis, TN
2 BR | Available Now
Contact
House
1
$985
Charming 3br Home – Open To Section 8
3172 Woodrow St Memphis, TN
3 BR | Available Now
Contact
House
0
$1,065
Welcome To 3546 Christine Road!
3546 Christine Rd Memphis, TN
2 BR | Available Now
Contact
Dishwasher
Fireplace
0
$965
Welcome To 996 S. Highland Street! Half Off First Month Rent!
996 S Highland St Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$950
3br 1ba Home W/ Central A/c • W/d Hookups • Off-street Parking In Memphis
3110 Sunrise St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
2
$850
49 S. Morrison
Memphis, TN
2 BR | Available Now
Contact
0
$965
Welcome To 91 Eastview Drive!
91 Eastview Dr Memphis, TN
2 BR | Available Now
Contact
1
$1,200
Available Now! Move In Special $200 Off First Months Rent!! This Property Is Section 8 Friendly!
1612 May St Memphis, TN
4 BR | Available Now
Contact
House
1
$1,125
Newly Rehabbed Home In Raleigh - Open To Section 8 - $99 Move In Special
3750 Ridgemont Ave Memphis, TN
3 BR | Available Now
Contact
House
1
$765
Welcome To 2917 Yale Ave!
2917 Yale Ave Memphis, TN
1 BR | Available Now
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House
1
$850 - 950
1307 Vinton Ave
Memphis, TN
2 BR | Available Now
Contact
1
$495
Scott Street Apartments
304 Scott St Memphis, TN
1 BR | Available Now
Contact
Dishwasher
1
$925
585 N Avalon N
Memphis, TN
1 BR | Available Now
Contact
House
1
$1,165
Welcome To 271 W. Levi Rd!
271 W Levi Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,165
Welcome To 3477 Kensett Dr!
3477 Kensett Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,040
157-159 Roberta Dr
Memphis, TN
2 BR | Available Now
Contact
0
$865
First Month Rent Free!! Welcome To 2655 Whitman!
2655 Whitman Ave Memphis, TN
2 BR | Available Now
Contact
1
$590
Freshly Painted Apartment In Memphis
1499-1501 N Merton St Memphis, TN
2 BR | Ask for Availability
Contact
1
$1,135
Welcome To 5338 Cedar Bluff Drive!
5338 Cedar Bluff Dr Memphis, TN
3 BR | Available Now
Contact
House
1
$1,195
Midtown Memphis - 495 Dickinson St., 38112 - Move In Special
495 / 495 DICKINSON Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,200
Section 8 Approved - Now Available For Lease – 3 Bed / 2 Bath Home
2283 Poe Ave Memphis, TN
3 BR | Available Now
Contact
House
0
$699 - 1,100
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
Contact
1
$595
1435 Madison Ave.
1435 Madison Ave #5 Memphis, TN
Studio | May. 15, 2026
Contact
391 - 420 of 580 Results
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  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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