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Apartments Under $1,200 in Memphis, TN

121 - 150 of 575 Results
5
$1,025
3430 Shiloh St
Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
12
$750
Great 2 Bedroom Apartment In Midtown!
147 Stonewall St #11 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
12
$1,150
5423 Bannock St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$950
3194 Walnut Grove Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,195
6680 Whispering Oaks #2
Memphis, TN
2 BR | Apr. 10, 2026
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Dog Friendly
Cat Friendly
Storage
Dishwasher
5
$995
Southern Grove Apartments
3440 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
5
$850
1304 Snowden Ave
Memphis, TN
2 BR | Apr. 16, 2026
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Dog Friendly
Cat Friendly
1
$750
Renovated 2 Bedroom Duplex Now Available!! ~ Minutes From Midtown/downtown Memphis
651 Walnut St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
16
$1,075
1534 North Pkwy Unit 2
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
17
$1,140
124 Monroe Ave
Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Downtown Memphis
1
$975
Studio W/ In-unit Laundry Near Tom Lee Park
720 Litty Ct Apt 102 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
Pool
1
$995
2 Bed / 2 Bath Memphis Condo
3962 Grahamdale Cir Unit A Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
Pool
1
$795
31 N Evergreen
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$850
3602- 3616 Spottswood
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
1
$950
The Marie
160 Hayden Pl Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$895
Peabody Apartments
1261 Peabody Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
0
$750 - 925
Country View
3990 Stephanie Ln Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
11
$859
3151 Ashwood Rd
Memphis, TN
1 BR | Ask for Availability
Contact
Air Conditioning
Dishwasher
20
$670
770 Brower St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$1,195
1050 Dora Cv
Memphis, TN
3 BR | Apr. 8, 2026
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Dog Friendly
Cat Friendly
House
39
$990
66 Monroe Ave
Memphis, TN
Studio | Available Now
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House
Fitness Center
Dishwasher
Downtown Memphis
14
$995
Charming 3-bedroom Single-story Home With Fenced Yard & Storage Shed
5221 Braden Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
5
$1,095
Amazing Remodel In 38128
3724 Longmont Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
9
$699
1735 Delano Ave Unit 11
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
5
$900
1628 Via Roma
Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
House
1
$750
Cloverdale At Highland
3471 Douglass Ave Memphis, TN
2 BR | Apr. 6, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
10
$750
2br Condo In Memphis
5217 Flowering Peach Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
1
$1,150
First Month Free!!! Newly Renovated 3 Bedroom Home!
3284 Mckell St Memphis, TN
3 BR | Jun. 19, 2026
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Dog Friendly
Cat Friendly
House
1
$600
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
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1
$750
The Summer Oaks Apartments
4030 Summer Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
121 - 150 of 575 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 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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