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Apartments Under $1,200 in Memphis, TN

31 - 60 of 582 Results
1
$1,199
Annex Lofts
345 S Front St Memphis, TN
1 BR | Available Now
Contact
South Forum
0
$895 - 950
972-336 Peabody/S Dudley
Memphis, TN
2 BR | Available Now
Contact
1
$1,050
Nice Quite Neighborhood
3272 Spring Valley Cv Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$845
2225 Riley Ave
2225 Riley Aly Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
$995 - 1,195
The Wendell
2038-2046 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dishwasher
Cooper-Young
4
$850
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
19
$925
4448 Powell Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
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
64
$986 - 1,467
Iris Luxury Apartments
Deal
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
4
$775 - 875
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 - 2 BR | Dec. 19, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
16
$695 - 849
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
11
$850
1353 Vance Ave
1353 Vance Memphis, TN
2 BR | Dec. 19, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
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
37
$720 - 1,040
Summer Trace Apartments
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
$890 - 985
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
39
$900 - 1,145
Covington Hills
Deal
4800 Raleigh Lagrange Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
10
$900 - 1,050
Gorgeous Renovated 1 & 2 Bedroom Apartment @ 1512 Court
1512 Court Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
33
$881 - 1,564
Link Apartments® Broad Ave
2540 Broad Ave Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Fitness Center
17
$1,060 - 1,130
99 Front Apartments
Deal
99 S Front St Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
$1,095 - 1,175
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
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
19
$995
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
14
$1,160 - 1,253
Highland Row
395 S Highland St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Pool
24
$750 - 900
Lakes At Ridgeway
5995 Waterstone Oak Way Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
25
$810 - 2,120
The Junction
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
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
12
$1,149
Century Apartments
Deal
777 Mt Moriah Rd Memphis, TN
1 BR | Feb. 7, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
24
$1,149 - 1,498
Kiwi Goji
Deal
197 Windover Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
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
12
$900
Spottswood Manor Townhomes
Spottswood Manor Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
31 - 60 of 582 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 582 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 173 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 2,085 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 3,412 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. South Forum
  3. Cooper-Young
  4. Orange Mound
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: December 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 12 25 37 50 <$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 $1,070, with the majority falling between $630 and $1,570. Out of the 3,479 one-bedroom apartments currently on the market in Memphis, 2,017 are priced below $1,200, accounting for 58% 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
Walls, MS
Robinsonville, MS
Horn Lake, MS
529
9
7
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 December, 2025. 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 628 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 December M/M % Change
Memphis, TN 530 +0.96%
West Memphis, AR 9 +1.02%
Marion, AR 8 +1.04%
Southaven, MS 7 +1.0%
Walls, MS 4 +1.25%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 4 +1.21%
Cordova, TN 3 +0.93%
Millington, TN 2 +0.73%
Bartlett, TN 1 -0.33%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,022
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 120
Pet friendly 917
Utilities included 203
Furnished 46
1 Bedroom 443
2 Bedroom 591
3 Bedroom 220
Square footage 311 - 1,310

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, South forum, Cooper-young, Orange mound, Downtown memphis
Voillintine-Evergreen 8
South Forum 5
Cooper-Young 3
Orange Mound 3
Downtown Memphis 2
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