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Apartments Under $1,200 in Memphis, TN

91 - 120 of 575 Results
1
$1,075
Newly Fully Renovated Home In Frayser - **open To Section 8**
1411 Frayser Blvd Memphis, TN
3 BR | Available Now
Contact
House
Disability Access
15
$725
Section 8 Accepted 2 Bedroom 1 Bath Apartment!
800 Maury St #2 Memphis, TN
2 BR | May. 10, 2026
Contact
Dog Friendly
Cat Friendly
Voillintine-Evergreen
1
$850
Evergreen Terrace
1796 1800 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$675 - 775
1304 Court Ave
Memphis, TN
1 BR | Available Now
Contact
Storage
Disability Access
1
$850
3609 Mynders Ave
Memphis, TN
1 BR | Available Now
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Disability Access
Dishwasher
8
$995
1348 Austin St
Memphis, TN
3 BR | Ask for Availability
Contact
House
18
$1,125
676 Marshall Ave
Memphis, TN
Studio | Apr. 15, 2026
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Dog Friendly
Cat Friendly
Dishwasher
32
$990
1954 Manila Avenue - 1954 Manila Ave
Memphis, TN
2 BR | Available Now
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Furnished
Cooper-Young
15
$625
964 Joseph Pl
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
13
$799
3357 Winchester Pl
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Dishwasher
13
$1,000
2-bed, 2-bath Duplex With Smart Layout And Modern Comforts
3375 Cristil St Memphis, TN
2 BR | Ask for Availability
Contact
House
13
$1,195
Cozy 2-bedroom Single-story Home With Fenced Backyard
1552 Rebecca St Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
12
$850
Charming 3-bed, 1-bath Single-story Home!
827 Par Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
4
$1,195
Huge 4/2 In 38122
3455 Farmville Ave Memphis, TN
4 BR | Ask for Availability
Contact
House
6
$775
244 S. Cleveland
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,150
3566 Bristerwood
Memphis, TN
2 BR | Apr. 15, 2026
Contact
Air Conditioning
Storage
Disability Access
Dishwasher
2
$795
1632 Monroe Ave.
1632 Monroe St Memphis, TN
1 BR | Apr. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
5
$800
Student Lofts At Brister, Bldg 103
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$895
 spacious 2 Bedroom, 1 Bath | Binghampton - Open To Section 8
3043 Coleman Ave Memphis, TN
2 BR | Available Now
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House
5
$1,025
5655 Myers RD
Memphis, TN
2 BR | Apr. 17, 2026
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Dog Friendly
Cat Friendly
House
5
$800
137 N Willett St, Unit 201
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
8
$799
1735 Delano Ave Unit 21
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
8
$775
Vernon Ave Unit 0
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
9
$771
Brownbark Dr
Memphis, TN
1 BR | Ask for Availability
Contact
9
$850
Section 8 Home Available Now.
4427 Ryan St Memphis, TN
3 BR | Ask for Availability
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House
2
$1,095
282 Garland St
282 Garland Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
1
$1,175
Newly Renovated In Mt Pisgah - Open To Section 8
580 Blackhawk Rd Memphis, TN
3 BR | Available Now
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House
14
$1,140
670 Madison Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
15
$850
3656 Kearney Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
10
$900
3300 Benjestown Rd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
91 - 120 of 575 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 575 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 167 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 2,219 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 3,530 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. Cooper-Young
  3. Downtown Memphis
  4. Central Gardens
  5. Orange Mound

Apartments Under $1,200 in Memphis, TN: April 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 $1,680
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,070, with the majority falling between $630 and $1,700. Out of the 3,925 one-bedroom apartments currently on the market in Memphis, 2,143 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
Southaven, MS
West Memphis, AR
Marion, AR
Cordova, TN
Millington, TN
Robinsonville, MS
Horn Lake, MS
598
8
7
6
5
5
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 April, 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 608 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 April M/M % Change
Memphis, TN 599 +0.98%
Southaven, MS 9 +0.84%
West Memphis, AR 7 +1.19%
Marion, AR 7 +1.09%
Cordova, TN 6 +0.9%
Millington, TN 5 +0.97%
Robinsonville, MS 5 +0.92%
Horn Lake, MS 4 +1.08%
Collierville, TN 3 +0.87%
Walls, MS 1 +1.11%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,488
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 248
Pet friendly 986
Utilities included 237
Furnished 48
1 Bedroom 494
2 Bedroom 683
3 Bedroom 202

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Cooper-young, Downtown memphis, Central gardens, Orange mound
Voillintine-Evergreen 7
Cooper-Young 5
Downtown Memphis 4
Central Gardens 3
Orange Mound 3
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