Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $1,200 in Memphis, TN

541 - 570 of 608 Results
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
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
11
$695
The Granville House
4.0
157 Stonewall St. Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
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
$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
5
$975
3161 Josibpet Ln
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Air Conditioning
8
$775
1214 Laudeen Dr
Memphis, TN
2 BR | Ask for Availability
Contact
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
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
7
$809
3060 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
4
$545
1686 Kansas St
Memphis, TN
1 BR | Ask for Availability
Contact
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
1
$695
Vsa - Bldg 10
2054 Jefferson St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
2
$599 - 949
Emerald Pointe Apartment
3315 Hickory Hill Road Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Storage
11
$500
2105 Swift
Memphis, TN
2 BR | Available Now
Contact
House
Den
3
$699
Mimosa Gardens
461 S Highland St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Storage
14
$1,175
Freshly Renovated With All Appliances Included
3519 Carrington RD Memphis, TN
3 BR | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
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
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
4
$635 - 890
Hedgerow
4733 Heather Row Memphis, TN
1 BR | Available Now
Contact
Income Restricted
Section 8
Pool
541 - 570 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
Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code