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Apartments Under $1,200 in Memphis, TN

121 - 150 of 563 Results
10
$1,025
4 Bed 1 Bath For Rent!!!
3411 Hallbrook St Memphis, TN
4 BR | Ask for Availability
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House
20
$675
482 E Mclemore Ave Unit Memphis
Memphis, TN
2 BR | Available Now
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House
19
$795
3612 Overton Crossing St
Memphis, TN
2 BR | Available Now
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House
11
$995
6695 Whispering Oak Pl
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
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9
$960
3930 Allenbrooke Cv
Memphis, TN
2 BR | Ask for Availability
Contact
27
$599
1767 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
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Dog Friendly
10
$795
Cute 2/1 Mha Approved Duplex
754 Breedlove St Memphis, TN
2 BR | Ask for Availability
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House
0
$785 - 975
Epping Way
2690 Drury Way Ln Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
11
$945
Charming Brick Home With Quaint Front Porch & Classic Layout
3464 Point Pleasant Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
11
$1,195
2931 Morningview Dr
Memphis, TN
3 BR | Ask for Availability
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House
16
$975
Beautiful 3-bedroom, 1-bath Home
3647 Baine Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
8
$1,195
Charming 3-bed, 1-bath Home With Carport
1627 Mount Moriah Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
28
$995
1141 Catalina Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
1
$850
The Marie
160 Hayden Pl Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$895
26 Mcneil
26 Mcneil St Memphis, TN
2 BR | Dec. 18, 2026
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Dog Friendly
Cat Friendly
24
$840 - 850
Imogene Apartments
2107 Imogene St Memphis, TN
2 BR | Available Now
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14
$1,100
4733 Queens Lace Ct
Memphis, TN
2 BR | Oct. 15, 2026
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House
Storage
Dishwasher
12
$1,000
62 N Main St Unit 1
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
Downtown Memphis
11
$800
635 Patterson St Apt 4
Memphis, TN
1 BR | Available Now
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House
Balcony/Deck/Patio
Dishwasher
18
$1,090
4783 Lynn Avenue
Memphis, TN
2 BR | Available Now
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Dog Friendly
House
Storage
Dishwasher
1
$995
5293 Cedar Bluff Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
19
$1,195
Welcome To Marathon Management, Where We Are In It For The Long Run!
1997 Driftwood Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
9
$800
2br Townhouse In Memphis
3761 Station Way Memphis, TN
2 BR | Ask for Availability
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House
18
$1,025
3807 Masterson St
Memphis, TN
3 BR | Available Now
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House
2
$795
1632 Monroe Ave.
1632 Monroe St Memphis, TN
1 BR | Dec. 18, 2026
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
1
$650
97 N Belvedere
97 N Belvedere St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
6
$745
708 Hastings
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
10
$1,175
148 Clark Pl Unit Clark Ter #7
Memphis, TN
1 BR | Available Now
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Cat Friendly
1
$825
410/412 N Bellevue Blvd
Memphis, TN
1 BR | Available Now
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121 - 150 of 563 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 563 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 161 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 2,562 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 3,997 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: October 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 $1,600. Out of the 4,579 one-bedroom apartments currently on the market in Memphis, 2,524 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
Marion, AR
West Memphis, AR
Southaven, MS
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
575
8
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 October, 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 589 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 October M/M % Change
Memphis, TN 576 +1.01%
Marion, AR 8 +0.91%
West Memphis, AR 6 +1.07%
Southaven, MS 6 +1.05%
Millington, TN 6 +0.72%
Cordova, TN 5 +0.94%
Robinsonville, MS 5 +1.01%
Horn Lake, MS 3 +1.0%
Walls, MS 1 +1.0%
Collierville, TN 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,490
Top amenities Fitness Center, Air Conditioning, Dishwasher, Refrigerator, Pool
Deals 268
Pet friendly 989
Utilities included 330
Furnished 49
1 Bedroom 528
2 Bedroom 616
3 Bedroom 214

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 9
Voillintine-Evergreen 6
Downtown Memphis 3
Orange Mound 3
Mud Island 2
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