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Apartments Under $1,200 in Memphis, TN

31 - 60 of 586 Results
23
$1,200 - 1,665
The Edge of Germantown
1730 Hunters Trace Dr Memphis, TN
1 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
19
$950 - 1,045
Shelby Pointe Townhomes
1500 E Shelby Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
9
$1,163
2nd Street Flats
275 S Second St Memphis, TN
2 BR | Aug. 5, 2026
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
South Forum
20
$1,000 - 1,150
Idlewild 45
45 S Idlewild St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
64
$1,056 - 1,810
Iris Luxury Apartments
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
23
$1,171 - 1,471
Madison Shelby Farms
330 N Humphreys Blvd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
16
$680 - 799
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
33
$1,001 - 2,045
Link Apartments® Broad Ave
2540 Broad Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Luxury
Air Conditioning
Fitness Center
Dishwasher
Pool
29
$1,008
University Place Apartments
3.3
1045 East Eh Crump Blvd Memphis, TN
1 BR | Available Now
Contact
Heat Included
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Fitness Center
4
$950 - 1,190
Peabody Falls
2017 Peabody Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$1,000 - 1,125
Quimby Plaza Apartments
198 N Pauline St Memphis, TN
1 - 2 BR | Available Now
Contact
Covered Parking
Surface Parking
Fitness Center
Dishwasher
Pool
10
$750
2436 Charjean
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$775 - 875
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$973
Uptown Flats
645 N Main St Memphis, TN
1 BR | Available Now
Contact
In Unit Laundry
Balcony/Deck/Patio
24
$1,164 - 2,123
Walnut Hill Apartments
4.2
8920 Walnut Grove Road Memphis, TN
1 BR | Jul. 9, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
15
$799 - 1,167
Crescent Bluff
46 Crescent Bluff Ct Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
11
$1,167
Patterson Flats
250 E GE Patterson Memphis, TN
2 BR | Available Now
Contact
In Unit Laundry
Balcony/Deck/Patio
South Forum
37
$1,005 - 1,200
Harbor Side at Conwood Flats Apartments
Deal
645 N Front St Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Dishwasher
13
$1,000 - 1,125
Legends Park Apartments
2.8
198 N Pauline St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
4
$750
1280 Harbert Ave.
1280 Harbert Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
9
$850
1353 Vance Ave
1353 Vance Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
33
$803 - 1,937
The Junction
Deal
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
6
$750
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Available Now
Contact
Disability Access
Dishwasher
18
$659 - 920
University Gardens Manor
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
22
$888 - 2,021
Enclave at Wolfchase
Deal
1810 W Wolfchase Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
9
$800 - 1,175
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Dishwasher
15
$900 - 1,000
Faronia Square
1350 S Faronia Sq Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Dishwasher
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
5
$1 - 900
Greenbriar Apartments
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
31 - 60 of 586 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 586 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 135 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 2,488 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 4,054 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 17 35 52 70 <$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 $1,030, with the majority falling between $650 and $1,620. Out of the 4,459 one-bedroom apartments currently on the market in Memphis, 2,478 are priced below $1,200, accounting for 56% of the total available one-bedroom units in Memphis.

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

Memphis, TN
Southaven, MS
Millington, TN
Marion, AR
West Memphis, AR
Robinsonville, MS
Cordova, TN
583
7
5
5
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 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 616 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 583 +1.02%
Southaven, MS 8 +1.1%
Millington, TN 5 +1.0%
Marion, AR 5 +1.03%
West Memphis, AR 5 +1.15%
Robinsonville, MS 5 +1.04%
Cordova, TN 4 +1.28%
Horn Lake, MS 3 +1.2%
Collierville, TN 2 +1.27%
Walls, MS 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,233
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 289
Pet friendly 1,078
Utilities included 317
Furnished 49
1 Bedroom 549
2 Bedroom 691
3 Bedroom 222

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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