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Apartments Under $1,200 in Memphis, TN

91 - 120 of 581 Results
1
$995
Very Nice Newly Rehabbed Home In Frayser - Open To Section 8
3614 Steele St Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Disability Access
5
$1,125 - 1,170
Wilson Crossing Townhomes: Your Spacious, Two-story Home In Whitehaven, Memphis!
4907 Autumn Leaf Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
22
$875
1753 Bismark St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
8
$895
215 N Bellevue Blvd
Memphis, TN
2 BR | Ask for Availability
13
$1,015
1190 Inman Cv
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
10
$1,125
938 Bramblewood Ln
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
38
$1,021 - 1,537
Park at Forest Hill
8285 Irene Blvd Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Dishwasher
Pool
35
$1,165 - 1,493
The Villas at Germantown Apartments
Deal
5.0
3750 Moraine St Memphis, TN
Studio | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
1
$995 - 1,075
Hollywood Square
170 N Hollywood St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
1
$925 - 950
The Biltmore-mcalpin
1812-1820 Madison Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$895
Under Repair
4583 Range Line RD Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$650 - 695
2412 Charjean
2412 Charjean St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$950
Beautiful Home For Rent | Now Taking Applications
4346 Falcon St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
36
$795 - 1,050
The Local
3251 Knight Trails Circle Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
5
$825
1278 Saxon Ave
Memphis, TN
3 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
24
$1,000
1685 S Goodlett St
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
12
$995
1734 Wildrose St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
5
$950
3717 Deerwood Cv
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
10
$995
4700 Berta RD
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
27
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
4
$635 - 890
Hedgerow
4733 Heather Row Memphis, TN
1 BR | Available Now
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Income Restricted
Section 8
Pool
1
$1,050
Evergreen Terrace
1796 1800 Poplar Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
15
$695
Section 8 Accepted 2 Bedroom 1 Bath Apartment!
800 Maury St #2 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Voillintine-Evergreen
1
$1,195
Spacious 2 Bedroom, 2 Bath Town Home For Lease
4380 Forest Valley Cv Memphis, TN
2 BR | Jul. 3, 2026
Contact
House
Disability Access
Dishwasher
1
$895
1541 Roosevelt Ave
Memphis, TN
3 BR | Available Now
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House
1
$800
2659 Windsor
Memphis, TN
2 BR | Available Now
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House
1
$1,100
Charming 3br/1ba Home With Spacious Yard & Great Location
1017 Gordon St Memphis, TN
3 BR | Available Now
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House
Storage
1
$675 - 775
1304 Court Ave
Memphis, TN
1 BR | Available Now
Contact
Storage
Disability Access
1
$1,095
Newly Renovated In Mt Pisgah - Open To Section 8
580 Blackhawk Rd Memphis, TN
3 BR | Available Now
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House
91 - 120 of 581 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 581 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 135 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 2,371 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 3,879 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. Orange Mound
  3. Voillintine-Evergreen
  4. Cooper-Young
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: July 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 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,040, with the majority falling between $650 and $1,620. Out of the 4,445 one-bedroom apartments currently on the market in Memphis, 2,478 are priced below $1,200, accounting for 56% of the total available one-bedroom units in Memphis.

Available Apartments Under $1,200: Memphis vs. Surrounding Areas

Memphis, TN
Southaven, MS
Marion, AR
West Memphis, AR
Millington, TN
Robinsonville, MS
575
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 July, 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 618 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 July M/M % Change
Memphis, TN 576 +1.01%
Southaven, MS 7 +1.13%
Marion, AR 6 +0.91%
West Memphis, AR 6 +0.83%
Millington, TN 4 +1.19%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 3 +1.0%
Cordova, TN 3 +1.24%
Collierville, TN 1 +1.36%
Walls, MS 1 +1.14%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,020
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 207
Pet friendly 1,088
Utilities included 307
Furnished 48
1 Bedroom 540
2 Bedroom 710
3 Bedroom 225

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Orange mound, Voillintine-evergreen, Cooper-young, Downtown memphis
South Forum 6
Orange Mound 6
Voillintine-Evergreen 5
Cooper-Young 4
Downtown Memphis 2
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