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Apartments Under $1,200 in Memphis, TN

61 - 90 of 555 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
22
$1,000 - 1,412
Enclave at Wolfchase
1810 W Wolfchase Cir Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
6
$750
1640 Monroe
1640 Monroe St Memphis, TN
1 BR | Available Now
Contact
Disability Access
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
32
$808 - 1,946
The Junction
Deal
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Dishwasher
9
$900 - 1,175
Kings Reserve Memphis
Deal
1550 N Pkwy Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Dishwasher
24
$1,131 - 2,113
Walnut Hill Apartments
4.2
8920 Walnut Grove Road Memphis, TN
1 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
17
3D Tour
$908 - 1,173
MAA Southwind
Deal
8345 Championship Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
1
$950
6772 Quail Hollow Ct
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
5
$1,150
Urban Loft Co. Memphis
440 Monroe Ave Memphis, TN
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
1
$650 - 675
148 Stonewall Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
8
$625 - 800
Springdale Apartments
Memphis, TN
1 - 3 BR | Available Now
Contact
1
$1,195
2bd/2ba Condo Located On The Germantown/memphis Line!
6680-3 Whispering Oaks Pl Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
5
$995
Southern Grove Apartments
3440 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
11
$875
1816 Forest
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,145
6680 Whispering Oaks #2
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
38
$919 - 1,863
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
5
$899
1653 Dena Dr
Memphis, TN
1 BR | Available Now
Contact
House
10
$795
Cute 2/1 Mha Approved Duplex
754 Breedlove St Memphis, TN
2 BR | Ask for Availability
Contact
House
0
$785 - 975
Epping Way
2690 Drury Way Ln Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
11
$1,045
Charming Brick Home With Quaint Front Porch & Classic Layout
3464 Point Pleasant Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
16
$975
Coming Soon: Beautiful 3-bedroom, 1-bath Home
3647 Baine Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
1
$965
Madison Gardens
1655 Madison Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
16
$725
Wildhorse 839
839 Pearce St Memphis, TN
2 BR | Nov. 20, 2026
Contact
Dog Friendly
Cat Friendly
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
11
$1,150
2096 Court Ave, Unit 1
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
1
$910
Parkway Place Apartments
2342 Parkway Pl Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$970
The Summereast Apartments
770-850 Barlett Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
41
$795 - 1,025
Sherwood Flats
3667 Rhodes Ave Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$745
1302 Court Ave
Memphis, TN
Studio | Available Now
Contact
Storage
Disability Access
61 - 90 of 555 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 555 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 179 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 2,765 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 4,122 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: August 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 $1,630. Out of the 4,598 one-bedroom apartments currently on the market in Memphis, 2,715 are priced below $1,200, accounting for 59% 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
Robinsonville, MS
Millington, TN
Cordova, TN
575
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 August, 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 619 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 August M/M % Change
Memphis, TN 575 +1.0%
Southaven, MS 7 +1.0%
West Memphis, AR 7 +0.85%
Marion, AR 7 +0.89%
Robinsonville, MS 5 +0.96%
Millington, TN 4 +1.04%
Cordova, TN 4 +0.69%
Horn Lake, MS 3 +1.0%
Collierville, TN 1 +1.14%
Walls, MS 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,551
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 312
Pet friendly 1,041
Utilities included 276
Furnished 48
1 Bedroom 542
2 Bedroom 682
3 Bedroom 232

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 10
Voillintine-Evergreen 9
Downtown Memphis 4
Orange Mound 3
Mud Island 2
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