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Apartments Under $1,200 in Memphis, TN

61 - 90 of 588 Results
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
20
$1,000 - 1,150
Idlewild 45
45 S Idlewild St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
17
3D Tour
$983 - 1,193
MAA Southwind
Deal
8345 Championship Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
38
$933 - 1,717
Park at Forest Hill
Deal
8285 Irene Blvd Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Dishwasher
Pool
2
$895
1646 Monroe
Memphis, TN
1 BR | Jul. 17, 2026
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Storage
Disability Access
Dishwasher
53
$750
1280 Harbert #8
Memphis, TN
2 BR | Jul. 17, 2026
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Dog Friendly
Cat Friendly
1
$1,125
Charming 4 Bedroom Home With Carport In Memphis! - Open To Section 8
1926 Alta Vista Dr Memphis, TN
3 BR | Available Now
Contact
House
11
$930 - 1,070
The Summereast
770-850 Barlett Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
41
$849 - 1,175
Sherwood Flats
3667 Rhodes Ave Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$800 - 895
Parkway Place Apartments
2342 Parkway Pl Memphis, TN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
5
$1,195
4360 Bluebell St
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$950
720 Frayser Dr
Memphis, TN
2 BR | Available Now
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House
5
$995
310 Jones St
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
20
$995
3554 Vanuys Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
3
$640 - 795
PER
ROOM
The Nine at Memphis
3565 Mynders Ave Memphis, TN
2 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
6
$900
1863 Burnham Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
22
$995
3556 Vanuys Rd
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
5
$995
Updated 2/1 Section 8 Approved
956 Barbara Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
9
$1,099
950 Birch St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
15
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$695
2412 Charjean
2412 Charjean St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$950
Beautiful Home For Rent | Now Taking Applications
4346 Falcon St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$799
The Kendall
1018 N 7th St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$995 - 1,150
Hollywood Square
170 N Hollywood St Memphis, TN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
1
$925
The Biltmore-mcalpin
1812-1820 Madison Ave Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$995
1205 Vance
Memphis, TN
3 BR | Available Now
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Storage
Dishwasher
1
$800
3605 Mynders Ave
Memphis, TN
1 BR | Available Now
Contact
Disability Access
Dishwasher
5
$995
Southern Grove Apartments
3440 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
1
$1,195
6680 Whispering Oaks #2
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
1
3D Tour
$1,200
The Marine Residence
360 Metal Museum Dr Memphis, TN
1 BR | Jun. 9, 2026
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Luxury
61 - 90 of 588 Results
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  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 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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