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Apartments Under $1,200 in Memphis, TN

451 - 480 of 588 Results
1
$1,150
3642 Fiat Cv
Memphis, TN
3 BR | Jul. 15, 2026
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Dog Friendly
Cat Friendly
House
1
$950
600 Patterson
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$950
2088 Elzey
2088 Elzey Ave Memphis, TN
1 BR | Jul. 10, 2026
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House
Cooper-Young
1
$850
Very Nice Newly Renovated Home In Glenview
1388 Kyle St Memphis, TN
3 BR | Available Now
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House
1
$995
Charming 3-bedroom Home In Convenient Memphis Location
410 Boston St Memphis, TN
3 BR | Available Now
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House
1
$1,095
Great Property In Quite Neighborhood
3679 Ladue St Memphis, TN
3 BR | Available Now
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House
1
$1,090
Welcome To 3554 N Watkins Street!
3554 N Watkins St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
3
$938
Spanish Mission Bungalow With Backyard Oasis And Bonus Studio Space
3771 Sturgeon Ave Memphis, TN
3 BR | Ask for Availability
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House
0
$1,195
Spacious Split-level Home With Fireplace, Bonus Room & Outdoor Living
1965 The Elms Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
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
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House
Orange Mound
1
$850
720 Frayser Dr
Memphis, TN
2 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
$1,025
Nice Home In The U Of M Area
3781 Barron Ave Memphis, TN
2 BR | Available Now
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House
Dishwasher
1
$595
Come See This Newly Renovated Duplex In Hyde Park Area
1445 Britton St Memphis, TN
1 BR | Available Now
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House
1
$1,135
Welcome To 158 Pickett Road!
158 Pickett Rd Memphis, TN
4 BR | Jul. 15, 2026
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Dog Friendly
Cat Friendly
House
1
$1,190
Welcome To 2986 Lake Park Road!
2986 Lake Park Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$915
Welcome To 4496 Range Line Road!
4496 Range Line Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,050
1445 Luverne St
Memphis, TN
3 BR | Aug. 3, 2026
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House
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
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
$1,132
2131 Wilson Rd
Memphis, TN
1 BR | Ask for Availability
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1
$895
3 Bed 1 Bath For Rent!!!
3510 Rochester Rd Memphis, TN
3 BR | Ask for Availability
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House
1
$1,100
761 Goodwyn St
Memphis, TN
2 BR | Available Now
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1
$600
500 Simpson Ave Unit 6
Memphis, TN
2 BR | Available Now
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1
$625
Delightful 2 Bedroom 1 Bath Duplex - Open To Section 8 - $99 Move In Specail
1133 Gerard St Memphis, TN
2 BR | Available Now
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House
1
$1,195
1885 Dessa Dr -- Free Tv At Move In!
1885 Dessa Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$800
2 Bedroom / 1.5 Bath Apartment At Raleigh Pines Apartments
2789 Beverly Hills Rd Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$1,050
4082 Archer
4082 Archer Dr Memphis, TN
3 BR | Jul. 16, 2026
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Dog Friendly
Cat Friendly
House
1
$1,135
Welcome To 3710 Dorado Cv!
3710 Dorado Cv Memphis, TN
3 BR | Available Now
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House
451 - 480 of 588 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 588 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 136 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 2,400 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 3,929 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. Orange Mound
  3. Voillintine-Evergreen
  4. Cooper-Young
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: July 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 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,040, with the majority falling between $650 and $1,620. Out of the 4,445 one-bedroom apartments currently on the market in Memphis, 2,318 are priced below $1,200, accounting for 52% of the total available one-bedroom units in Memphis.

Available Apartments Under $1,200: Memphis vs. Surrounding Areas

Memphis, TN
Southaven, MS
Marion, AR
West Memphis, AR
Millington, TN
Robinsonville, MS
575
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 July, 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 618 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 July M/M % Change
Memphis, TN 576 +1.01%
Southaven, MS 7 +1.13%
Marion, AR 6 +0.91%
West Memphis, AR 6 +0.83%
Millington, TN 4 +1.19%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 3 +1.0%
Cordova, TN 3 +1.24%
Collierville, TN 1 +1.36%
Walls, MS 1 +1.14%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,020
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 207
Pet friendly 1,088
Utilities included 307
Furnished 48
1 Bedroom 540
2 Bedroom 710
3 Bedroom 225

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Orange mound, Voillintine-evergreen, Cooper-young, Downtown memphis
South Forum 6
Orange Mound 6
Voillintine-Evergreen 5
Cooper-Young 4
Downtown Memphis 2
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