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Apartments Under $1,200 in Memphis, TN

511 - 540 of 580 Results
17
$815 - 915
Georgian Woods
4.1
2451 Union Avenue Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
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
5
$960
Number 10 Main
5.0
10 S Main St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
In Unit Laundry
Fitness Center
6
$1,200 - 1,275
Van Fleet Flats
5.0
122 Gayoso Avenue Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Covered Parking
13
3D Tour
$885 - 1,085
South Line
4.5
676 S Front St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
15
$900 - 1,000
Faronia Square
1350 S Faronia Sq Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Dishwasher
$639 - 699
Timber Pines
1764 Gowan Dr Memphis, TN
1 - 2 BR | Available Now
Contact
$650
S Lauderdale St Unit 1664-
Memphis, TN
Studio | Available Now
Contact
11
$900
4748 Harvest Park Drive
Memphis, TN
3 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
12
$840 - 1,795
Waterford Place Luxury Apartments
8037 Waterford Circle Memphis, TN
1 - 3 BR | Available Now
Contact
Section 8
Air Conditioning
Fitness Center
Storage
Pool
1
$475
Melinda Apartments
4332 Melinda Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
4
$795
595 Cadraca Dr
Memphis, TN
2 BR | Ask for Availability
Contact
Section 8
8
$775
1214 Laudeen Dr
Memphis, TN
2 BR | Ask for Availability
Contact
1
$500 - 610
El Dorado Apartments
1.4
2743 Ketchum Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$495
1680 Kansas St
Memphis, TN
Studio - 1 BR | Ask for Availability
Contact
4
$545
1686 Kansas St
Memphis, TN
1 BR | Ask for Availability
Contact
22
$675
Newly Renovated 1-bedroom Downtown!
290 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
Contact
5
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
Contact
Income Restricted
9
$650 - 1,284
Southwind Lakes
8210 Storr Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Section 8
5
$675
3367 Hardin Ave
Memphis, TN
2 BR | Ask for Availability
Contact
Air Conditioning
1
$895
2894 Mimosa
Memphis, TN
2 BR | Available Now
Contact
House
38
$996 - 1,213
The Preserve At Forest Creek
3.2
9230 Thornbury Blvd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Balcony/Deck/Patio
Fitness Center
11
$575
3582 Rockwood
Memphis, TN
2 BR | Available Now
Contact
House
1
$565
Melrose Place Apartments
2.0
3000 Barron Avenue Memphis, TN
2 BR | Available Now
Contact
Student
In Unit Laundry
3
$1,095 - 1,145
Arbors River Oaks
4.4
225 Arbor Commons Circle Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
17
$695
Newly Renovated 2-bedroom Apartment!
302 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
Contact
1
$1,075
6692-1 Whispering Oak Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
4
$450
297 Fields
Memphis, TN
2 BR | Available Now
Contact
House
6
$675
Apartments For Rent In Crosstown!
1177 Linden Ave Apt 1 Memphis, TN
1 BR | Ask for Availability
Contact
9
$975
Newly Renovated By Neighborhood Revival
3554 Vanuys RD Memphis, TN
2 BR | Ask for Availability
Contact
Dishwasher
511 - 540 of 580 Results
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  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 3,571 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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