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Apartments Under $1,200 in Memphis, TN

91 - 120 of 583 Results
10
$900
1043 Whitaker Dr Unit 21
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
21
$1,195
Comfortable & Convenient 3-bedroom Home With Fenced Yard And Fireplace
760 S Prescott St Memphis, TN
3 BR | Ask for Availability
Contact
House
11
$975
837 Candace Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
6
$850
1323 W Victor Dr
Memphis, TN
3 BR | Dec. 23, 2025
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Dog Friendly
Cat Friendly
House
10
$1,200
3156 Clarendon Rd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
13
$995
Flats At Overton Square
2320 S Germantown Rd Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$705
1 Bed, 1 Bath (new Appliances) In Berclair
3727 Faxon Ave Memphis, TN
1 BR | Available Now
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House
11
$1,025 - 1,050
The Summereast
770-850 Barlett Rd Memphis, TN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Dishwasher
13
$1,075 - 1,165
Sherwood Flats
3667 Rhodes Ave Memphis, TN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
1
$895
Peabody Place Apartments
1896 Peabody Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
1
$895 - 950
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
2
$775
148 Stonewall Pl
Memphis, TN
1 BR | Dec. 19, 2025
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$925
2 Bdrm, 1.5 Bath Townhome | Hickory Ridge
3754 Cambridge Station Dr Memphis, TN
2 BR | Available Now
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House
13
$1,195
3205 Choctaw Ave
Memphis, TN
3 BR | Ask for Availability
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House
6
$995
1863 Burnham Ave
Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
17
$549
1765 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
8
$975
681 Northaven Dr
Memphis, TN
3 BR | Ask for Availability
Contact
House
23
$995
Section 8 Home Available Now.
822 Kippley St Memphis, TN
3 BR | Ask for Availability
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House
5
$699
1633 Dena Dr
Memphis, TN
1 BR | Ask for Availability
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Dog Friendly
House
8
$895
1/2 Off 1st Month's Rent!!!
3311 Baskin St Memphis, TN
3 BR | Ask for Availability
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House
60
$995
O
Memphis, TN
2 BR | Available Now
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31
$675
865 Dillworth
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,095
Bright & Modern 3-bedroom Home In Memphis – Half Off First Month!
4280 Emily Ave Memphis, TN
3 BR | Available Now
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House
Air Conditioning
Storage
Disability Access
1
$895 - 900
U Of M Area! Fully Renovated One Bedroom Apartments Now Available!
461 S Highland St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
17
$1,175
40 S Morrison St Unit 16
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
7
$1,050
3156 Given Ave
Memphis, TN
4 BR | Available Now
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House
1
$950
Newly Rehabbed Home In Frayser - $99 Move In Special
3580 Steele St Memphis, TN
3 BR | Available Now
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House
1
$1,095
Charming 3-bedroom Home In Memphis, Tn — Move-in Special!
328 Hodges St Memphis, TN
3 BR | Available Now
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House
Air Conditioning
Disability Access
1
$1,100
1294 Vinton Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
4
$795
1280 Harbert #1
Memphis, TN
2 BR | Dec. 12, 2025
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Dog Friendly
Cat Friendly
91 - 120 of 583 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 583 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 173 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 2,087 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 3,414 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. Voillintine-Evergreen
  2. South Forum
  3. Cooper-Young
  4. Orange Mound
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: December 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 12 25 37 50 <$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 $1,070, with the majority falling between $630 and $1,570. Out of the 3,479 one-bedroom apartments currently on the market in Memphis, 2,017 are priced below $1,200, accounting for 58% 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
Walls, MS
Robinsonville, MS
Horn Lake, MS
529
9
7
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 December, 2025. 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 628 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 December M/M % Change
Memphis, TN 530 +0.96%
West Memphis, AR 9 +1.02%
Marion, AR 8 +1.04%
Southaven, MS 7 +1.0%
Walls, MS 4 +1.25%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 4 +1.21%
Cordova, TN 3 +0.93%
Millington, TN 2 +0.73%
Bartlett, TN 1 -0.33%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,022
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 120
Pet friendly 917
Utilities included 203
Furnished 46
1 Bedroom 443
2 Bedroom 591
3 Bedroom 220
Square footage 311 - 1,310

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, South forum, Cooper-young, Orange mound, Downtown memphis
Voillintine-Evergreen 8
South Forum 5
Cooper-Young 3
Orange Mound 3
Downtown Memphis 2
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