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Apartments Under $1,200 in Memphis, TN

121 - 150 of 608 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
$1,115 - 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
1
$850 - 875
The Flats @ Cooper Young
999 S Cooper St Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
13
$1,050
2-bed, 2-bath Duplex With Smart Layout And Modern Comforts
3375 Cristil St Memphis, TN
2 BR | Ask for Availability
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House
1
$850
6 W. Byfield
Memphis, TN
3 BR | Feb. 21, 2026
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Dog Friendly
Cat Friendly
House
1
$600
3580 BRISTERWOOD
Memphis, TN
1 BR | Available Now
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Dishwasher
5
$795
Student Lofts At Brister, Bldg 103
613 Brister St Memphis, TN
1 BR | Available Now
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Balcony/Deck/Patio
1
$650
328 Buntyn St
Memphis, TN
1 BR | Feb. 20, 2026
Contact
Storage
Disability Access
1
$950
 spacious 2 Bedroom, 1 Bath | Binghampton - Open To Section 8
3043 Coleman Ave Memphis, TN
2 BR | Available Now
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House
7
$950
3398 Carrington Rd
Memphis, TN
2 BR | Available Now
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House
10
$800
1043 Whitaker Dr Unit 11
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
9
$799
1735 Delano Ave Unit 21
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
27
$1,095
Great Condo In Quiet Area
3759 Wyndance Cir Memphis, TN
2 BR | Ask for Availability
Contact
House
8
$1,075
3431 Forrester Rd
Memphis, TN
3 BR | Ask for Availability
Contact
House
15
$775
Section 8 Accepted 2 Bedroom 1 Bath Apartment!
800 Maury St #2 Memphis, TN
2 BR | Mar. 20, 2026
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Dog Friendly
Cat Friendly
Voillintine-Evergreen
1
$750
Vsa - Bldg 03
2028 Jefferson St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
1
$795
Beautiful Duplex | Apply Now!!
869 Pearce St Memphis, TN
2 BR | Available Now
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House
1
$850 - 950
Evergreen Terrace
1796 1800 Poplar Ave Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$685 - 785
1304 Court Ave
Memphis, TN
1 BR | Available Now
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Storage
Disability Access
1
$850
3609 Mynders Ave
Memphis, TN
1 BR | Available Now
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Disability Access
Dishwasher
19
$1,100
1271 Poplar Ave Unit 906
Memphis, TN
1 BR | Available Now
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Dishwasher
17
$1,195
2499 Larose Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
17
$950
4302 Knight Arnold Rd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$995
1348 Austin St
Memphis, TN
3 BR | Ask for Availability
Contact
House
15
$685
3029 Josibpet Ln
Memphis, TN
1 BR | Available Now
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Dog Friendly
Air Conditioning
11
$945
3340 Douglass Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
4
$799
1660 Dena Dr
Memphis, TN
2 BR | Available Now
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Dog Friendly
House
12
$695
Charming 2-bedroom Brick Home With Bright Character And Natural Light
815 Lucille Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
4
$1,195
Inviting Home With Fireplace Eat-in Kitchen & Private Primary Suite
468 Elmfield Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$1,025
1892 Coventry Dr
Memphis, TN
4 BR | Ask for Availability
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House
121 - 150 of 608 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 608 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 151 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 2,140 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 3,392 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 $39,000.

Which neighborhoods have the most apartments under $1,200 for rent in Memphis, TN?

  1. Voillintine-Evergreen
  2. Central Gardens
  3. Orange Mound
  4. South Forum
  5. New Chicago

Apartments Under $1,200 in Memphis, TN: February 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 $1,050, with the majority falling between $630 and $1,620. Out of the 3,765 one-bedroom apartments currently on the market in Memphis, 2,085 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
West Memphis, AR
Marion, AR
Southaven, MS
Millington, TN
Horn Lake, MS
Cordova, TN
Robinsonville, MS
568
9
7
7
4
4
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 February, 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 653 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 February M/M % Change
Memphis, TN 568 +0.98%
West Memphis, AR 9 +1.04%
Marion, AR 7 +0.98%
Southaven, MS 7 +0.95%
Millington, TN 5 +0.6%
Horn Lake, MS 4 +0.8%
Cordova, TN 4 +0.8%
Robinsonville, MS 4 +1.0%
Collierville, TN 2 +0.82%
Walls, MS 2 +1.31%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,270
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 389
Pet friendly 1,006
Utilities included 239
Furnished 47
1 Bedroom 500
2 Bedroom 616
3 Bedroom 231
Square footage 357 - 1,301

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Central gardens, Orange mound, South forum, New chicago
Voillintine-Evergreen 9
Central Gardens 4
Orange Mound 4
South Forum 3
New Chicago 3
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