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Apartments Under $1,200 in Memphis, TN

91 - 120 of 554 Results
6
$1,150
1517 Madison Ave Unit Madison
Memphis, TN
1 BR | Sep. 1, 2026
Contact
Cat Friendly
Dishwasher
17
$750
1450 Oaklawn St
Memphis, TN
1 BR | Available Now
Contact
House
0
$760 - 907
Jamesbridge
3815 N Advantage Way Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
13
$975
Merton Manor
171 N Merton Memphis, TN
2 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
$750
1280 Harbert #3
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
8
$725
220 S Cleveland St
Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$995
1bd/1ba Condo Located On The Germantown/memphis Line!
6692 Whispering Oak Pl Apt 3 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
13
$792
Brandywine Cv
Memphis, TN
1 BR | Ask for Availability
Contact
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
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
Contact
Income Restricted
10
$1,025
4 Bed 1 Bath For Rent!!!
3411 Hallbrook St Memphis, TN
4 BR | Ask for Availability
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House
10
$750
Three Bedroom House For Rent
3542 Ashford Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
12
$1,195
Charming Single-story Brick Home With Fenced Yard & Storage
1247 Vistaview Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
16
$1,145
Charming 3-bedroom Home With Fenced Yard & Convenient Layout
5362 Breckenwood Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
10
$1,095
3 Bedroom Section 8 Approved In 38109
3718 Canary Cv W Memphis, TN
4 BR | Ask for Availability
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House
20
$995
1598 Marianna St
Memphis, TN
2 BR | Ask for Availability
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House
Orange Mound
7
$725
Great Small Home Ready Now!
2718 Windsor Pkwy Memphis, TN
2 BR | Ask for Availability
Contact
House
1
$575
791 Maury
Memphis, TN
2 BR | Nov. 20, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$995
611 Patterson
Memphis, TN
2 BR | Nov. 20, 2026
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Dog Friendly
Cat Friendly
House
Air Conditioning
Surface Parking
1
$695
1229 Vinton
1229 Vinton Ave Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$950
1436 Austin St
Memphis, TN
3 BR | Available Now
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House
9
$875
914 Restbrook Ave
Memphis, TN
3 BR | Available Now
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House
26
$749
821 Maury
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Voillintine-Evergreen
27
$1,050
3238 Walnut Grove Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$775
619 Patterson #5
Memphis, TN
1 BR | Available Now
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House
Storage
9
$875
442 Jacklyn Ave
Memphis, TN
2 BR | Available Now
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House
21
$1,050
4235 Argonne St
Memphis, TN
3 BR | Available Now
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House
10
$625
847 Ayers St
Memphis, TN
1 BR | Available Now
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House
15
$975
447 Delta Rd
Memphis, TN
3 BR | Available Now
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House
18
$1,190
66 S Front St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
91 - 120 of 554 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 554 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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