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Apartments Under $1,200 in Memphis, TN

571 - 589 of 589 Results
2
$940 - 1,155
Miller Creek At Germantown
5.0
3769 Skipping Stone Trace Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
3
$425
The Peach Apartments
1330 Peach Ave Memphis, TN
1 BR | Available Now
Contact
1
$350
660 Jennette
Memphis, TN
2 BR | Available Now
Contact
House
1
$499
2109 Farrington
Memphis, TN
2 BR | Available Now
Contact
House
1
$775
Fantastic Whitehaven Apartment!
4016 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$650
2119 Benford St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Den
1
$775
3948 Royal Oaks Dr
Memphis, TN
2 BR | Ask for Availability
Contact
1
$599
786 Carson
Memphis, TN
3 BR | Available Now
Contact
House
1
$475
3803 Given
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
1
$775
Fantastic Whitehaven Apartment!
3949 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$400
1493 Gaither St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$675
Mayflower Apartments
35 N. Mclean Memphis, TN
1 BR | Available Now
Contact
$575
865 N Bingham St
Memphis, TN
1 BR | Ask for Availability
Contact
$895
Macon Crossing
1092-3655 Homer/Macon Memphis, TN
2 BR | Available Now
Contact
Downtown Memphis
$595 - 650
The Woodlands
1301 Goodbar Ave Memphis, TN
2 BR | Available Now
$825
4439 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
$1,134
1810 Poplar Ave Unit 05
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
$825
4447 Powell Ave
Memphis, TN
2 BR | Ask for Availability
Contact
$995
4116 Leroy Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
571 - 589 of 589 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 589 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 136 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 2,400 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 3,930 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 20 40 60 80 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,040, with the majority falling between $650 and $1,620. Out of the 4,445 one-bedroom apartments currently on the market in Memphis, 2,318 are priced below $1,200, accounting for 52% of the total available one-bedroom units in Memphis.

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

Memphis, TN
Southaven, MS
Marion, AR
West Memphis, AR
Millington, TN
Robinsonville, MS
575
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 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 618 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 576 +1.01%
Southaven, MS 7 +1.13%
Marion, AR 6 +0.91%
West Memphis, AR 6 +0.83%
Millington, TN 4 +1.19%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 3 +1.0%
Cordova, TN 3 +1.24%
Collierville, TN 1 +1.36%
Walls, MS 1 +1.14%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,020
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 207
Pet friendly 1,088
Utilities included 307
Furnished 48
1 Bedroom 540
2 Bedroom 710
3 Bedroom 225

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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