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Apartments Under $1,200 in Memphis, TN

91 - 120 of 588 Results
23
$1,150
924 Sumter St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
House
Storage
1
$950
585 N Avalon S
Memphis, TN
1 BR | Available Now
Contact
House
Storage
Dishwasher
0
$600
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
Contact
1
$750
Cloverdale At Highland
3471 Douglass Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
1
$950
Very Nice Home In Frayser - 1/2 Off The 1st Months Rent
2901 Lake Park RD Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$895 - 995
U Of M Area - Southernwood Apartments
592-600 Patterson St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
13
$1,000
1529 Madison Ave Unit 7
Memphis, TN
1 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
Dishwasher
9
$699
1735 Delano Ave Unit 11
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
12
$795
Newly Renovate In 2022 - 2 Bedroom 1 Bathroom
147 Stonewall St #01 Memphis, TN
2 BR | Jun. 19, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
12
$995
Bickford Square Apartments
281 Bickford Ave Memphis, TN
3 BR | Available Now
Contact
Dishwasher
32
$899 - 950
Holmes Pointe Apartments
1594-1636 E Holmes Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
5
$695 - 699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
Contact
17
$1,175
148 Clark Pl Unit 7
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
15
$1,095
Comfy 3-bed Home With Functional Layout & Connected Bath Design
5018 Deneen Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
5
$825
1278 Saxon Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$699
1614 Via Roma
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
House
27
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$995
Cozy Single-story 3-bedroom Home With Hardwood Floors & Fenced Yard
2927 Gruber Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
5
$1,050
1734 Wildrose St
Memphis, TN
4 BR | May. 25, 2026
Contact
Dog Friendly
Cat Friendly
House
5
$995
4700 Berta RD
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
10
$695
2922 Hale Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
10
$995
2370 Larose Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
11
$1,025
4 Bed 1.5 Bath For Rent!!!
1892 Coventry Dr Memphis, TN
4 BR | Ask for Availability
Contact
House
12
$749
Charming 2-bedroom Brick Home With Bright Character And Natural Light
815 Lucille Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
12
$1,090
1892 Capri St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
11
$850
3509 Brantley RD
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
8
$1,195
3724 Hillridge St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$750 - 975
Country View
Deal
3990 Stephanie Ln Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
11
$995
3430 Shiloh St
Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
8
$1,195
Charming Single-story Home With Spacious Kitchen & Fenced Backyard
3245 Sinclair St Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
91 - 120 of 588 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 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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