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Apartments Under $1,200 in Memphis, TN

121 - 150 of 587 Results
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
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Storage
Disability Access
15
$1,150
148 Clark Pl Unit 5
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$800
3609 Mynders Ave
Memphis, TN
1 BR | Available Now
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Disability Access
Dishwasher
20
$1,200
88 N Willett St Unit 3
Memphis, TN
2 BR | Available Now
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Cat Friendly
Dishwasher
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
1
$925
328 Buntyn St
Memphis, TN
2 BR | Jul. 10, 2026
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Storage
Disability Access
2
$795
1632 Monroe Ave.
1632 Monroe St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
1
$1,150
3566 Bristerwood
Memphis, TN
2 BR | Available Now
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Air Conditioning
Storage
Disability Access
Dishwasher
2
$1,095
3523 Barwood Cir
Memphis, TN
2 BR | Jun. 12, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
9
$799
1735 Delano Ave Unit 21
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
6
$999
1596 Dena Dr
Memphis, TN
2 BR | Available Now
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House
7
$650
Move-in Special In 38112
3102 Allison Ave Memphis, TN
1 BR | Ask for Availability
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House
7
$882
Briar Cv
Memphis, TN
1 BR | Ask for Availability
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11
$995
2100 Stovall Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
4
$1,145
Bright & Spacious 3-bedroom Home With Private Suite & Fenced Yard
2184 Stephanie Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
1
$995 - 1,150
Hollywood Square
170 N Hollywood St Memphis, TN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
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
1
$695
2412 Charjean
2412 Charjean St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$799
The Kendall
1018 N 7th St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$925
The Biltmore-mcalpin
1812-1820 Madison Ave Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$1,150
Urban Loft Co. Memphis
440 Monroe Ave Memphis, TN
1 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Dishwasher
1
$675 - 695
148 Stonewall Pl
Memphis, TN
1 BR | May. 21, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$875
2051 Peabody Ave
2051 Peabody St Memphis, TN
1 BR | Available Now
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Storage
5
$1,195
2208 Cassie Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
15
$990
1954 Manila Avenue - 1954 Manila Ave
Memphis, TN
2 BR | Available Now
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Furnished
Cooper-Young
14
$1,195
4547 Angel Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
6
$1,195
Mha/section 8 Approved 3/1 In 38114
2531 Frisco Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
18
$1,075
676 Marshall Ave
Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
5
$995
Southern Grove Apartments
3440 Southern Ave Memphis, TN
1 BR | Available Now
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Dishwasher
121 - 150 of 587 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 587 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 163 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 2,510 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 3,832 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. Downtown Memphis
  3. High Point Terrace
  4. Voillintine-Evergreen
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: May 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
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,030, with the majority falling between $640 and $1,640. Out of the 4,296 one-bedroom apartments currently on the market in Memphis, 2,561 are priced below $1,200, accounting for 60% 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
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
596
8
5
5
5
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 May, 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 622 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 May M/M % Change
Memphis, TN 597 +1.0%
Southaven, MS 9 +1.02%
West Memphis, AR 6 +1.21%
Marion, AR 6 +1.15%
Millington, TN 5 +1.0%
Cordova, TN 5 +1.12%
Robinsonville, MS 5 +0.96%
Horn Lake, MS 3 +1.17%
Collierville, TN 3 +1.12%
Walls, MS 1 +1.12%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,927
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 318
Pet friendly 1,027
Utilities included 258
Furnished 51
1 Bedroom 500
2 Bedroom 700
3 Bedroom 218

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Downtown memphis, High point terrace, Voillintine-evergreen, Mud island
South Forum 5
Downtown Memphis 3
High Point Terrace 3
Voillintine-Evergreen 3
Mud Island 2
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