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Apartments Under $1,200 in Memphis, TN

31 - 60 of 588 Results
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
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
16
$695 - 849
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
64
$906 - 1,891
Iris Luxury Apartments
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
15
$1,141
Uptown Flats
645 N Main St Memphis, TN
2 BR | Available Now
Contact
In Unit Laundry
Balcony/Deck/Patio
39
$955 - 1,141
Foote Park at South City Apartments
Deal
410 S Danny Thomas Blvd Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
29
$991 - 1,184
Tillman Cove
3000 Binghampton Sq Ste 107 Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
13
$999
The Melrose Midtown
775 Melrose St Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
10
$800
Gorgeous Renovated 1 & 2 Bedroom Apartment @ 1512 Court
1512 Court Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
23
$935 - 1,200
Conwood Flats Apartment Homes
Deal
711 N Front St Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Mud Island
6
$795
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Jun. 12, 2026
Contact
Disability Access
Dishwasher
9
$625
1535 Jackson Ave
Memphis, TN
1 BR | Available Now
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
33
$773 - 2,014
The Junction
3341 Southern Ave Memphis, TN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
29
$804 - 2,078
The Summit Apartments
Deal
4981 Hidden Lake Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Heat Included
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Pool
9
$725 - 1,175
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Dishwasher
19
$995 - 1,050
Townhomes W/ W/d Included! Gated 2 Bed / 1.5 Bath Townhomes Near Shelby Dr!
1500 E Shelby Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
13
$725 - 875
Overton Place
414 N Claybrook St #1 Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
14
$1,172 - 1,395
Highland Row
395 S Highland St Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
Pool
23
$1,119 - 1,503
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
37
$695 - 1,090
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
14
$850 - 1,005
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
10
$750
2436 Charjean
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$850 - 995
Graceland Flats – Modern Living In The Heart Of Whitehaven
3990 Barton Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$750
1280 Harbert Ave.
1280 Harbert Memphis, TN
2 BR | Jun. 19, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
9
$750
1353 Vance Ave
1353 Vance Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
14
$955
Forum Flats
290 Turley St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
South Forum
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
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
15
$784 - 1,145
Crescent Bluff
46 Crescent Bluff Ct Memphis, TN
1 - 2 BR | May. 17, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
31 - 60 of 588 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 588 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 163 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 2,511 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 3,832 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. Downtown Memphis
  3. High Point Terrace
  4. Voillintine-Evergreen
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: May 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
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,030, with the majority falling between $640 and $1,640. Out of the 4,296 one-bedroom apartments currently on the market in Memphis, 2,561 are priced below $1,200, accounting for 60% 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
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
596
8
5
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 May, 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 622 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 May M/M % Change
Memphis, TN 597 +1.0%
Southaven, MS 9 +1.02%
West Memphis, AR 6 +1.21%
Marion, AR 6 +1.15%
Millington, TN 5 +1.0%
Cordova, TN 5 +1.12%
Robinsonville, MS 5 +0.96%
Horn Lake, MS 3 +1.17%
Collierville, TN 3 +1.12%
Walls, MS 1 +1.12%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,927
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 318
Pet friendly 1,027
Utilities included 258
Furnished 51
1 Bedroom 500
2 Bedroom 700
3 Bedroom 218

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Downtown memphis, High point terrace, Voillintine-evergreen, Mud island
South Forum 5
Downtown Memphis 3
High Point Terrace 3
Voillintine-Evergreen 3
Mud Island 2
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