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Apartments Under $1,200 in Memphis, TN

391 - 420 of 561 Results
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
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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
$1,165
Welcome To 1841 S. Perkins Road!
1841 S Perkins Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
0
$715 - 765
Eden Pointe
4427 Knight Arnold Rd Memphis, TN
1 - 2 BR | Available Now
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0
$950
Beautiful 2 Bedroom Midtown Apartment!!
1300 Goodbar Ave Memphis, TN
2 BR | Oct. 10, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$950
A Charming And Comfortable 2-bedroom, 1-bath Unfurnished Home
432 N Montgomery St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$775
Campbell 952
952 Emmie St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,090
Welcome To 5087 Blacksmith Drive!
5087 Blacksmith Dr Memphis, TN
3 BR | Available Now
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House
1
$975
3307 Adair
3307 Adair Dr Memphis, TN
3 BR | Sep. 18, 2026
Contact
Dog Friendly
Cat Friendly
House
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
1
$665 - 775
1415 Breedlove St
Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Air Conditioning
New Chicago
2
$696
3155 Sharpe Ave
Memphis, TN
1 BR | Ask for Availability
Contact
2
$557
3384 Harmony Ct
Memphis, TN
3 BR | Ask for Availability
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2
$800
3609 Mynders Ave
Memphis, TN
1 BR | Ask for Availability
Contact
1
$895
3 Bed 1 Bath For Rent!!!
3510 Rochester Rd Memphis, TN
3 BR | Ask for Availability
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House
1
$1,132
2131 Wilson Rd
Memphis, TN
1 BR | Ask for Availability
Contact
1
$1,100
761 Goodwyn St
Memphis, TN
2 BR | Available Now
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0
$850
Section 8 Approved 2/1.5
5193 Flowering Peach Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
2
$1,095
Cozy 3-bedroom Home With Open Dining Area
4767 Percy Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
3
$1,145
Spacious 3-bed Home With Fenced Backyard & Flexible Living Spaces
2004 Saint Elmo Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
3
$782
1360 E. Alcy
Memphis, TN
1 BR | Ask for Availability
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3
$737
1425 Taylor St
Memphis, TN
2 BR | Ask for Availability
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1
$775
2 Bed, 1 Bath Ground Floor Condo
105 N Belvedere Blvd Apt 9 Memphis, TN
2 BR | Ask for Availability
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House
1
$745
1179 Longcrest
Memphis, TN
2 BR | Available Now
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House
1
$795
3173-3175 Jackson Ave
Memphis, TN
2 BR | Ask for Availability
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391 - 420 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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