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Apartments Under $1,200 in Memphis, TN

421 - 450 of 558 Results
1
$995
Section 8 Accepted
714 Goodwyn St Memphis, TN
2 BR | Aug. 28, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,200
Newly Renovated 3 Bedroom, 2 Bath Home
1947 N Clovia Ln Memphis, TN
3 BR | Available Now
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House
1
$940
Welcome To 901 Restbrook Ave!
901 Restbrook Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$695
888 Kerr Ave
Memphis, TN
2 BR | Available Now
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1
$1,025
Just Off Waring, North Of Summer
4291 Zelda Ln Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$840
Welcome To 1778 Marjorie Street!
1778 Marjorie St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$790
Welcome To 2970 Hale Ave! Move-in Special
2970 Hale Ave Memphis, TN
2 BR | Available Now
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1
$725
2225 Riley Ave
2225 Riley Aly Memphis, TN
3 BR | Available Now
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Cat Friendly
House
0
$850
Section 8 Approved 2/1.5
5193 Flowering Peach Dr Memphis, TN
2 BR | Ask for Availability
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House
2
$1,150
595 Brister St
Memphis, TN
2 BR | Ask for Availability
Contact
2
$1,095
Cozy 3-bedroom Home With Open Dining Area
4767 Percy Rd Memphis, TN
3 BR | Ask for Availability
Contact
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
Contact
House
Air Conditioning
1
$1,190
Welcome To 5320 Plover Dr!
5320 Plover Dr Memphis, TN
3 BR | Sep. 11, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
0
$895
Cozy Duplex Living With Fenced Backyard & Charming Front Porch
1357 Chadwick Cir Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
3
$782
1360 E. Alcy
Memphis, TN
1 BR | Ask for Availability
Contact
3
$737
1425 Taylor St
Memphis, TN
2 BR | Ask for Availability
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3
$1,143
60 N Montgomery St
Memphis, TN
1 BR | Ask for Availability
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1
$599
Te - Spottswoodave3885
3885 Spottswood Ave Memphis, TN
1 BR | Available Now
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1
$950
Section 8 Accepted
1882 E Person Ave Memphis, TN
3 BR | Nov. 20, 2026
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Dog Friendly
Cat Friendly
House
1
$990
Welcome To 2961 Southwall Street! Reduced Rate!!
2961 Southwall St Memphis, TN
3 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
$720
151 N Belvedere Blvd
Memphis, TN
2 BR | Available Now
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1
$795
Newly Renovated Unit In Heart Of Memphis
291 Red Oak St Memphis, TN
2 BR | Available Now
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House
1
$895
Newly Renovated Unit In Heart Of Memphis
2812 Amsden Ave Memphis, TN
3 BR | Available Now
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House
1
$1,065
Adenst3203
3203 Aden St Memphis, TN
3 BR | Available Now
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1
$745
1179 Longcrest
Memphis, TN
2 BR | Available Now
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House
3
$950
Adorable 2-bed, 1-bath Home!
1393 Ridgewood Park Rd Memphis, TN
2 BR | Ask for Availability
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House
Air Conditioning
1
$950
215 Radar Rd
Memphis, TN
2 BR | Ask for Availability
Contact
House
5
$615 - 749
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Pool
12
$935 - 1,321
The Estates At River Pointe
1.0
1445 River Estates Drive Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Section 8
In Unit Laundry
421 - 450 of 558 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 558 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 2,860 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 4,320 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 3
Orange Mound 3
Mud Island 2
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