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Apartments Under $1,200 in Memphis, TN

421 - 450 of 562 Results
1
$935
Welcome To 1558 Tayner Street! Section 8 Welcome
1558 Tayner St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,150
1679 Parktown Pl
Memphis, TN
2 BR | Available Now
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House
1
$1,100
Renovated House In Quite Neighborhood
4016 Rhodes Ave Memphis, TN
3 BR | Available Now
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House
1
$1,050
3652 Carrington
Memphis, TN
2 BR | Available Now
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House
2
$1,200
4537 Aldridge Dr
Memphis, TN
3 BR | Available Now
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House
Air Conditioning
Storage
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
1
$795
3173-3175 Jackson Ave
Memphis, TN
2 BR | Ask for Availability
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2
$1,195
Charming 3-bedroom Brick Home With Carport & Fenced Backyard
5253 Bitter Creek Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
3
$737
1425 Taylor St
Memphis, TN
2 BR | Ask for Availability
Contact
3
$782
1360 E. Alcy
Memphis, TN
1 BR | Ask for Availability
Contact
3
$910
3571 S Third St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$845
1776 Brown Ave
Memphis, TN
2 BR | Ask for Availability
Voillintine-Evergreen
2
$750
3605 Mynders Ave
Memphis, TN
1 BR | Ask for Availability
Contact
0
$1,195
Spacious Split-level Home With Fireplace, Bonus Room & Outdoor Living
1965 The Elms Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
0
$895
Coming Soon! Beautiful 2 Bedroom, 1 Bathroom Duplex Home!
1359 Chadwick Cir Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
2
$1,195
Charming 3-bedroom Home With Fireplace, Carport & Fenced Backyard
3783 Alma Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
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
10
$710
Forum Flats
5.0
290 Turley Ste. 128 Memphis, TN
1 BR | Available Now
Contact
Income Restricted
Balcony/Deck/Patio
Fitness Center
Dishwasher
42
$810 - 1,110
The Nova
6355 Briar Patch Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Cat Friendly
Virtual Tour
Luxury
Section 8
Air Conditioning
5
$1,000 - 1,175
Main Street Flats
3.0
99-105 South Main Street Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
36
$795 - 1,050
The Local
3251 Knight Trails Circle Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
9
$1,100 - 1,250
The Embassy Apartments
505 South Perkins Road Memphis, TN
2 BR | Available Now
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Heat Included
Luxury
Covered Parking
Storage
Pool
16
$525 - 820
The Woods At Ridgeway
1.2
6277 Lake Arbor Dr. Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
28
$1,000 - 1,250
266 Lofts
2.6
266 S Front St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
12
$950 - 1,155
King's Reserve Memphis - 55+ Senior
1550 N Pkwy Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony/Deck/Patio
15
$525 - 1,200
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
10
$795
The Historic Almadura
2.5
175 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Disability Access
Dishwasher
8
$775 - 1,100
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
11
$925 - 1,100
The W. L. Apartments
5.0
267 South Main St Memphis, TN
Studio - 2 BR | Ask for Availability
Contact
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
421 - 450 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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