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Apartments Under $1,200 in Memphis, TN

541 - 561 of 561 Results
1
$775
1240 Laudeen Dr
Memphis, TN
2 BR | Ask for Availability
Contact
3
$425
The Peach Apartments
1330 Peach Ave Memphis, TN
1 BR | Available Now
Contact
1
$350
660 Jennette
Memphis, TN
2 BR | Available Now
Contact
House
1
$499
2109 Farrington
Memphis, TN
2 BR | Available Now
Contact
House
1
$775
Fantastic Whitehaven Apartment!
4016 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$695
511 513 Boston St
Memphis, TN
1 BR | Available Now
Contact
1
$775
Fantastic Whitehaven Apartment!
3949 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$400
1493 Gaither St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$725
Fantastic Whitehaven Apartment!
4070 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$650
1135 Melrose St
Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
Fantastic Whitehaven Apartment!
4040 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
Fantastic Whitehaven Apartment!
3980 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$599
786 Carson
Memphis, TN
3 BR | Available Now
Contact
House
1
$450
2414-2416 Shasta
Memphis, TN
1 BR | Ask for Availability
Contact
1
$650
2119 Benford St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Den
$825
4447 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
$575
865 N Bingham St
Memphis, TN
1 BR | Ask for Availability
Contact
$595 - 650
The Woodlands
1301 Goodbar Ave Memphis, TN
2 BR | Available Now
$825
4439 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
$995
4116 Leroy Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
$1,134
1810 Poplar Ave Unit 05
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
541 - 561 of 561 Results
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  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 561 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 152 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 2,452 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 3,968 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: October 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 $1,040, with the majority falling between $650 and $1,600. Out of the 4,579 one-bedroom apartments currently on the market in Memphis, 2,526 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
Marion, AR
West Memphis, AR
Southaven, MS
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
575
8
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 October, 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 589 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 October M/M % Change
Memphis, TN 576 +1.01%
Marion, AR 8 +0.91%
West Memphis, AR 6 +1.07%
Southaven, MS 6 +1.05%
Millington, TN 6 +0.72%
Cordova, TN 5 +0.94%
Robinsonville, MS 5 +1.01%
Horn Lake, MS 3 +1.0%
Walls, MS 1 +1.0%
Collierville, TN 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,490
Top amenities Fitness Center, Air Conditioning, Dishwasher, Refrigerator, Pool
Deals 268
Pet friendly 989
Utilities included 330
Furnished 49
1 Bedroom 528
2 Bedroom 616
3 Bedroom 214

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 9
Voillintine-Evergreen 6
Downtown Memphis 3
Orange Mound 3
Mud Island 2
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