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Apartments Under $1,200 in Memphis, TN

421 - 450 of 580 Results
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
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0
$965
Welcome To 91 Eastview Drive!
91 Eastview Dr Memphis, TN
2 BR | Available Now
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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
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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
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House
1
$590
Freshly Painted Apartment In Memphis
1499-1501 N Merton St Memphis, TN
2 BR | Ask for Availability
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1
$1,135
Welcome To 5338 Cedar Bluff Drive!
5338 Cedar Bluff Dr Memphis, TN
3 BR | Available Now
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House
1
$1,190
Half Off First Month Rent!! Welcome To 3220 Alta Rd!
3220 Alta Rd Memphis, TN
4 BR | Available Now
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House
1
$1,195
1154 Springdale St
Memphis, TN
3 BR | Available Now
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House
1
$1,150
2692 Select Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Orange Mound
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
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House
0
$699 - 1,100
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
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1
$595
1435 Madison Ave.
1435 Madison Ave #5 Memphis, TN
Studio | May. 15, 2026
Contact
1
$1,135
Welcome To 837 Carrolton Road!
837 Carrolton Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,025
Charming 3-bedroom Home With Carport In Memphis
4327 Mountain Terrace St Memphis, TN
3 BR | Available Now
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House
1
$725
Charming Midtown 2 Bedroom - 1 Bath | Freshly Updated | Open To Section 8
1537 Standridge St Memphis, TN
2 BR | Available Now
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House
1
$1,000
3br 1ba Home W/ Fenced Backyard & Patio • Stove-ready Kitchen • Carport In Memphis
2237 Gayle Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
1
$895
3 Bed 1 Bath For Rent!!!
3510 Rochester Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
1
$850
Large 4br For Rent In Memphis
5150 Breckenwood Dr Memphis, TN
4 BR | Ask for Availability
Contact
House
0
$595
244 Garland St
Memphis, TN
1 BR | Ask for Availability
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1
$825 - 850
151 N Belvedere Blvd
Memphis, TN
2 BR | Available Now
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Dishwasher
1
$450
4790 Northwood Hills Dr
Memphis, TN
5 BR | Apr. 30, 2026
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House
Air Conditioning
Storage
Dishwasher
1
$775
635 Patterson #2
Memphis, TN
1 BR | Available Now
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House
1
$1,195
1931 Mignon Ave
1931MIGNON Memphis, TN
2 BR | May. 27, 2026
Contact
1
$1,025
Well-maintained 2br/1.5ba Duplex Units With Central Hvac – Memphis - Open To Section 8
3755 Ironwood Dr Memphis, TN
2 BR | Available Now
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House
1
$725
Charming Midtown 2 Bedroom - 1 Bath | Freshly Updated | Open To Section 8
1531 Standridge St Memphis, TN
2 BR | Available Now
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House
1
$945 - 975
Cgient Properties Llc-4
123 Stonewall St Memphis, TN
1 BR | Available Now
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1
$1,135
Welcome To 2073 Gayle Ave!
2073 Gayle Ave Memphis, TN
3 BR | Available Now
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House
Dishwasher
3
$1,045
Charming 3-bedroom Home With Spacious Patio & Open-flow Living
3464 Suzanne Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
421 - 450 of 580 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 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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