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Apartments Under $1,200 in Memphis, TN

31 - 60 of 563 Results
9
$1,163
2nd Street Flats
275 S Second St Memphis, TN
2 BR | Oct. 5, 2026
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
South Forum
14
$1,195 - 1,492
Highland Row
395 S Highland St Memphis, TN
1 BR | Jan. 7, 2027
Contact
Air Conditioning
Covered Parking
In Unit Laundry
Fitness Center
Dishwasher
20
$1,000 - 1,150
Idlewild 45
Deal
45 S Idlewild St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
13
$725 - 875
Overton Place
414 N Claybrook St #1 Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
37
$1,092 - 1,394
The Edge of Germantown
1730 Hunters Trace Dr Memphis, TN
1 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
14
$805 - 950
Getwell Pointe Apartments
2973-3007 Getwell Rd Memphis, TN
2 BR | Oct. 10, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
14
$973 - 1,163
Forum Flats
290 Turley St Memphis, TN
1 - 2 BR | Available Now
Contact
Balcony/Deck/Patio
South Forum
37
$696 - 984
Summer Trace Apts
3.2
6015 Summer Trace Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
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
32
$779 - 1,878
The Junction
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
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
37
$1,140 - 1,200
Harbor Side at Conwood Flats Apartments
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
29
$987 - 1,181
Tillman Cove
3000 Binghampton Sq Ste 107 Memphis, TN
1 - 2 BR | Oct. 5, 2026
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
39
$955 - 1,141
Foote Park at South City Apartments
410 S Danny Thomas Blvd Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
46
$769 - 1,677
Greenbrook at Shelby Farms
Deal
4.6
1400 Greenbrook Parkway Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
18
$1,197 - 1,491
Arbors Harbor Town
671 Harbor Edge Dr Memphis, TN
1 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
23
$940 - 1,015
Conwood Flats Apartment Homes
711 N Front St Memphis, TN
1 BR | Oct. 31, 2026
Contact
Air Conditioning
In Unit Laundry
Mud Island
29
$844 - 1,555
The Summit Apartments
4981 Hidden Lake Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Heat Included
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
4
$725
1626 Monroe Ave.
1626 Monroe Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
16
$680 - 799
1938-2006 E Raines/Bonnie
Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
14
$599 - 695
Tiger Estates
3875 Spottswood Ave Memphis, TN
1 BR | Available Now
Furnished
Storage
Disability Access
Dishwasher
4
$795 - 810
Parkside Poplar Apartments
1969-1973 Poplar Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
64
$956 - 1,592
Iris Luxury Apartments
810 Washington Ave Memphis, TN
Studio - 1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Fitness Center
30
$1,049
The Tennessee Brewery Apartments
Deal
495 Tennessee St Memphis, TN
Studio | Oct. 7, 2026
Contact
Air Conditioning
Fitness Center
Dishwasher
Pool
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
4
$1,090
Peabody Falls
2017 Peabody Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
33
$1,016 - 1,893
Link Apartments® Broad Ave
Deal
2540 Broad Ave Memphis, TN
Studio | Dec. 11, 2026
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
10
$985
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
Dishwasher
31 - 60 of 563 Results
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Frequently Asked Questions

How many apartments under $1,200 are available in Memphis, TN on Rentable.co?

There are 563 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 161 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 2,562 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 3,997 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. Voillintine-Evergreen
  3. Downtown Memphis
  4. Orange Mound
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: October 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 $1,040, with the majority falling between $650 and $1,600. Out of the 4,579 one-bedroom apartments currently on the market in Memphis, 2,524 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
Marion, AR
West Memphis, AR
Southaven, MS
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
575
8
6
6
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 October, 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 589 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 October M/M % Change
Memphis, TN 576 +1.01%
Marion, AR 8 +0.91%
West Memphis, AR 6 +1.07%
Southaven, MS 6 +1.05%
Millington, TN 6 +0.72%
Cordova, TN 5 +0.94%
Robinsonville, MS 5 +1.01%
Horn Lake, MS 3 +1.0%
Walls, MS 1 +1.0%
Collierville, TN 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,490
Top amenities Fitness Center, Air Conditioning, Dishwasher, Refrigerator, Pool
Deals 268
Pet friendly 989
Utilities included 330
Furnished 49
1 Bedroom 528
2 Bedroom 616
3 Bedroom 214

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 9
Voillintine-Evergreen 6
Downtown Memphis 3
Orange Mound 3
Mud Island 2
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