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Apartments Under $1,200 in Memphis, TN

91 - 120 of 609 Results
11
$1,025
1892 Coventry Dr
Memphis, TN
4 BR | Ask for Availability
Contact
House
12
$695
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
0
$850 - 875
Parkway Place Apartments
2342 Parkway Pl Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
0
$850
Peabody Place Apartments
1896 Peabody Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
41
$1,075 - 1,165
Sherwood Flats
3667 Rhodes Ave Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
3
$760 - 920
PER
ROOM
The Nine at Memphis
3565 Mynders Ave Memphis, TN
2 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Fitness Center
1
$1,150
3128 Sinclair
Memphis, TN
3 BR | Mar. 13, 2026
Contact
Dog Friendly
Cat Friendly
House
Storage
11
$1,025 - 1,050
The Summereast
770-850 Barlett Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
18
$475
1765 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
12
$795
4651 Royal Ridge Dr
Memphis, TN
1 BR | Available Now
Contact
15
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
17
$1,000
3111 Josibpet Ln
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Air Conditioning
14
$1,145
3109 Christine Rd
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
14
$850
887 Par Ave
Memphis, TN
2 BR | Available Now
Contact
House
19
$900
Renovated House For Rent
5239 Corkwood Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
10
$1,025
3411 Hallbrook St
Memphis, TN
4 BR | Ask for Availability
Contact
House
10
$1,150
Charming 3-bedroom, 2-bath Home With Carport & Fenced Backyard
1845 Blair Hunt Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
8
$1,075
3431 Forrester Rd
Memphis, TN
3 BR | Ask for Availability
Contact
House
27
$1,095
Great Condo In Quiet Area
3759 Wyndance Cir Memphis, TN
2 BR | Ask for Availability
Contact
House
1
$995 - 1,150
Hollywood Square
170 N Hollywood St Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
0
$850 - 975
The Biltmore-mcalpin
1812-1820 Madison Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
15
$1,000
3053 St Cloud Pl Unit 50
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
11
$950
2932 Hale Ave
Memphis, TN
2 BR | Available Now
Contact
House
1
$925
663 Watson (duplex)
663 Watson St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$815
The Kendall
1018 N 7th St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$999
1614 Via Roma
Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
House
10
$725
2922 Hale Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
12
$750
Great 2 Bedroom Apartment In Midtown!
147 Stonewall St #11 Memphis, TN
2 BR | Feb. 16, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
10
$1,195
3007 Waverly Ave
Memphis, TN
4 BR | Available Now
Contact
House
14
$1,100
517 S Barksdale St Unit 517
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
91 - 120 of 609 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 609 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 151 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 2,140 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 3,392 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 $39,000.

Which neighborhoods have the most apartments under $1,200 for rent in Memphis, TN?

  1. Voillintine-Evergreen
  2. Central Gardens
  3. Orange Mound
  4. South Forum
  5. New Chicago

Apartments Under $1,200 in Memphis, TN: February 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 $1,050, with the majority falling between $630 and $1,620. Out of the 3,765 one-bedroom apartments currently on the market in Memphis, 2,085 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
West Memphis, AR
Marion, AR
Southaven, MS
Millington, TN
Horn Lake, MS
Cordova, TN
Robinsonville, MS
568
9
7
7
4
4
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 February, 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 653 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 February M/M % Change
Memphis, TN 568 +0.98%
West Memphis, AR 9 +1.04%
Marion, AR 7 +0.98%
Southaven, MS 7 +0.95%
Millington, TN 5 +0.6%
Horn Lake, MS 4 +0.8%
Cordova, TN 4 +0.8%
Robinsonville, MS 4 +1.0%
Collierville, TN 2 +0.82%
Walls, MS 2 +1.31%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,270
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 389
Pet friendly 1,006
Utilities included 239
Furnished 47
1 Bedroom 500
2 Bedroom 616
3 Bedroom 231
Square footage 357 - 1,301

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Central gardens, Orange mound, South forum, New chicago
Voillintine-Evergreen 9
Central Gardens 4
Orange Mound 4
South Forum 3
New Chicago 3
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