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Apartments Under $1,200 in Memphis, TN

451 - 480 of 608 Results
1
$995
The Marilyn On Monroe
1639 Monroe Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
Central Gardens
1
$935
Half Off First Month Rent! Welcome To 1872 Portland Avenue!
1872 Portland Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$895
Spacious 3 Bedroom 1 Bath Home - Open To Section 8 -$99 Move In Special
2158 Pueblo Ave Memphis, TN
3 BR | Available Now
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House
0
$995
314 S. Cleveland #4
Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$1,165
Welcome To 4060 Stowe St!
4060 Stowe St Memphis, TN
3 BR | Feb. 18, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$975
Updated 2 Bedroom 1.5 Bath Townhome
5193 Flowering Peach Dr Memphis, TN
2 BR | Available Now
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House
1
$935
Welcome To 3701 Barron Ave!
3701 Barron Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,200
659 Pearce
Memphis, TN
4 BR | Available Now
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House
1
$1,135
Welcome To 2538 Lisa Ave!
2538 Lisa Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,190
Welcome To Downtown Living At Its Finest!
1162 Peabody Ave Unit 101 Memphis, TN
Studio | Available Now
Contact
House
1
$1,190
Welcome To 2712 Fizer Road!
2712 Fizer Rd Memphis, TN
3 BR | Feb. 27, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$990
Welcome To 1155 S Greer Road!
1155 S Greer St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
3
$625
1742 Lawrence Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$725
Beautifully Renovated 2 Bedroom Apartment - Open To Section 8
519 Simpson Ave #2 Memphis, TN
2 BR | Available Now
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House
0
$700 - 1,000
Westside Manor
931 Frayser Blvd Memphis, TN
1 - 3 BR | Available Now
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1
$975
985 Marble Ave
Memphis, TN
2 BR | Available Now
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House
2
$1,195
Classic Charm Meets Modern Comfort ? 3 Bed, 2 Bath Brick Home!
4295 Gladstone St Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$900
4748 Harvest Park Drive
Memphis, TN
3 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
2
$1,095
Cozy Single-story 4-bedroom Home With Fenced Backyard
4270 Arrow Rd Memphis, TN
4 BR | Ask for Availability
Contact
House
0
$1,195
Spacious 4-bedroom Brick Home With Carport And Modern Comforts
3316 Sandy Springs Dr Memphis, TN
4 BR | Ask for Availability
Contact
House
2
$950
Bright & Cozy 3-bed Home With Fenced Yard, Carport & Eat-in Kitchen
814 Archie Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
12
$935 - 1,321
The Estates At River Pointe
1.0
1445 River Estates Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
In Unit Laundry
6
$800
3587 Bayliss Ave,
Memphis, TN
2 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
House
12
$1,068 - 1,272
Belle Harbour
3.8
1298 Mount Hope Drive Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Section 8
13
$559 - 1,139
PER ROOM
& UNIT
The Stratum On Highland
Deal
2.9
510 S Highland St Memphis, TN
Studio - 4 BR | Available Now
Contact
Heat Included
Furnished
Student
Covered Parking
In Unit Laundry
13
$999
The Chisca On Main
4.6
272 S. Main St Memphis, TN
Studio | Ask for Availability
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
5
$615 - 749
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
6
3D Tour
$1,100 - 1,200
South Bluffs Apartments
4.0
4 Riverview Drive W Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Short-term
9
$900
3215 Gina Drive
Memphis, TN
3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
11
$715 - 1,075
Uptown Square
252 North Lauderdale Street Memphis, TN
Studio - 2 BR | Available Now
Contact
Section 8
In Unit Laundry
Fitness Center
Dishwasher
451 - 480 of 608 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 608 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 151 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 2,140 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 3,392 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 $39,000.

Which neighborhoods have the most apartments under $1,200 for rent in Memphis, TN?

  1. Voillintine-Evergreen
  2. Central Gardens
  3. Orange Mound
  4. South Forum
  5. New Chicago

Apartments Under $1,200 in Memphis, TN: February 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 $1,050, with the majority falling between $630 and $1,620. Out of the 3,765 one-bedroom apartments currently on the market in Memphis, 2,085 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
West Memphis, AR
Marion, AR
Southaven, MS
Millington, TN
Horn Lake, MS
Cordova, TN
Robinsonville, MS
568
9
7
7
4
4
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 February, 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 653 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 February M/M % Change
Memphis, TN 568 +0.98%
West Memphis, AR 9 +1.04%
Marion, AR 7 +0.98%
Southaven, MS 7 +0.95%
Millington, TN 5 +0.6%
Horn Lake, MS 4 +0.8%
Cordova, TN 4 +0.8%
Robinsonville, MS 4 +1.0%
Collierville, TN 2 +0.82%
Walls, MS 2 +1.31%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,270
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 389
Pet friendly 1,006
Utilities included 239
Furnished 47
1 Bedroom 500
2 Bedroom 616
3 Bedroom 231
Square footage 357 - 1,301

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Central gardens, Orange mound, South forum, New chicago
Voillintine-Evergreen 9
Central Gardens 4
Orange Mound 4
South Forum 3
New Chicago 3
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