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Apartments Under $1,200 in Memphis, TN

391 - 420 of 562 Results
1
$825
3607 GALLOWAY
Memphis, TN
1 BR | Available Now
Contact
House
High Point Terrace
1
$1,135
Welcome To 3489 Overton Crossing St In Memphis, Tn!
3489 Overton Crossing St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,100
One Block From Gaisman Park
940 Vaughn Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,190
Welcome To 5320 Plover Dr!
5320 Plover Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,035
Welcome To 1340 Paullus Ave!
1340 Paullus Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
0
$935
Welcome To 2188 Jackson Ave!
2188 Jackson Ave Memphis, TN
1 BR | Oct. 15, 2026
Contact
Dishwasher
1
$935
Welcome To 156 S. Parkway E.!
156 S Pkwy Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,100
Available Now!
3241 Cedar Springs Dr Memphis, TN
4 BR | Available Now
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House
1
$1,150
Beautiful Brick Home Minutes From Uofm And Midtown!
111 Eastview Dr Memphis, TN
2 BR | Available Now
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Cat Friendly
House
0
$995
First And Last Month's Rent Free
695 Miles Dr Memphis, TN
2 BR | Available Now
Contact
House
Dishwasher
1
$800
East Memphis Duplex For Rent
166 Eastview Dr Memphis, TN
2 BR | Available Now
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House
1
$1,175
Court Square
62 N Main St Memphis, TN
1 BR | Available Now
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Downtown Memphis
0
$650
3755 Fairmont Ave
Memphis, TN
1 BR | Ask for Availability
0
$925
3 Bed 1 Bath For Rent!!!@
5132 Blacksmith Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
12
$1,000
Pembroke Square
5.0
125 Gayoso Ave Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
6
$1,020 - 1,150
Radio Center Flats
5.0
66 South Main Street Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
Fitness Center
1
$1,135
One Month Free! Welcome To 5286 Broken Oak Drive!
5286 Broken Oak Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
2
$696
3155 Sharpe Ave
Memphis, TN
1 BR | Ask for Availability
Contact
2
$588
3395 Steele Rd
Memphis, TN
3 BR | Ask for Availability
Contact
1
$995
Beautiful 2 Bedroom, 2 Bathroom Home For Rent!
3404 Adeline St Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
7
$850 - 950
Colonial Apartments
3.3
5480 Poplar Avenue Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Storage
7
$1,050
32 N McLean
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
Dishwasher
$935
Welcome To 607 Burlington Circle!
607 Burlington Cir Memphis, TN
2 BR | Dec. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,195
Fantastic 3 Bed 2 Bath Home!
3694 Hanna Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
0
$890
Welcome To 3774 Hyacinth Dr!
3774 Hyacinth Dr Memphis, TN
2 BR | Oct. 16, 2026
Contact
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 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
$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
391 - 420 of 562 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 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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