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Apartments Under $1,200 in Memphis, TN

31 - 60 of 575 Results
1
$725
2225 Riley Ave
2225 Riley Aly Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
1
$1,075
3236 Sunrise
Memphis, TN
4 BR | Available Now
Contact
House
0
$899
Studio Rasa - Bldg 211
211 Cochran Pl Memphis, TN
Studio | Available Now
Contact
1
$925
Beautiful House In Quite Neighborhood
2206 Hillside Ave Memphis, TN
3 BR | Available Now
Contact
House
1
$945 - 975
Cgient Properties Llc-4
123 Stonewall St Memphis, TN
1 BR | Available Now
Contact
1
$800
Te - Spottswoodave3885
3885 Spottswood Ave Memphis, TN
1 BR | Available Now
Contact
$1,195
The Wendell
2038-2046 Southern Ave Memphis, TN
2 BR | Available Now
Contact
Cooper-Young
1
$995
Jefferson Place Apartment Homes Is The Best Of Both Worlds Waiting For You.
560 S Jefferson Pl Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$890 - 1,180
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
37
$755 - 1,050
Summer Trace Apartments
Deal
3.2
6015 Summer Trace Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
29
$893 - 1,689
The Summit Apartments
Deal
4981 Hidden Lake Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Pool
20
$899
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$1,000 - 1,125
Quimby Plaza Apartments
Deal
198 N Pauline St Memphis, TN
1 - 2 BR | Available Now
Contact
Covered Parking
Surface Parking
Fitness Center
Dishwasher
Pool
23
$940 - 1,200
Conwood Flats Apartment Homes
711 N Front St Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Mud Island
64
$1,024 - 1,713
Iris Luxury Apartments
Deal
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
13
$1,099
The Melrose Midtown
775 Melrose St Memphis, TN
Studio | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
30
$1,049 - 1,200
The Tennessee Brewery Apartments
Deal
495 Tennessee St Memphis, TN
Studio - 1 BR | Apr. 18, 2026
Contact
Air Conditioning
Fitness Center
Dishwasher
Pool
16
$695 - 849
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
$795
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
25
$748 - 1,969
The Junction
3341 Southern Ave Memphis, TN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
6
$795
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Jun. 12, 2026
Contact
Disability Access
Dishwasher
9
$695
1535 Jackson Ave
Memphis, TN
1 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
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
37
$1,140 - 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
Deal
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
1 - 2 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
4
$750
1353 Vance Ave
1353 Vance Memphis, TN
1 BR | May. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
33
$1,186 - 2,205
Link Apartments® Broad Ave
2540 Broad Ave Memphis, TN
Studio | May. 28, 2026
Contact
Luxury
Air Conditioning
Fitness Center
Dishwasher
Pool
4
$950 - 1,090
Peabody Falls
2017 Peabody Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
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
31 - 60 of 575 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 575 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 2,218 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 3,530 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 $1,070, with the majority falling between $630 and $1,700. Out of the 3,925 one-bedroom apartments currently on the market in Memphis, 2,143 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
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 7
Cooper-Young 5
Downtown Memphis 4
Central Gardens 3
Orange Mound 3
Browse Memphis Apartments
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