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Apartments Under $1,200 in Memphis, TN

151 - 180 of 587 Results
1
$950
Very Nice Home In Frayser - 1/2 Off The 1st Months Rent
2901 Lake Park RD Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
13
$1,000
1529 Madison Ave Unit 7
Memphis, TN
1 BR | Available Now
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Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$600
1160 SPRINGDALE
Memphis, TN
1 BR | Available Now
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10
$1,025
4 Bed 1 Bath For Rent!!!
3411 Hallbrook St Memphis, TN
4 BR | Ask for Availability
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House
9
$1,095
Coming Soon: Charming 2-bedroom, 1-bathroom Home For Rent
3391 Hadley Rd Memphis, TN
2 BR | Ask for Availability
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House
10
$1,095
Charming 3-bedroom, 2-bath Home With Carport & Fenced Backyard
1845 Blair Hunt Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
12
$1,095
4811 Bradford Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
5
$1,195
4360 Bluebell St
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$950
720 Frayser Dr
Memphis, TN
2 BR | Available Now
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House
5
$995
310 Jones St
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
20
$995
3554 Vanuys Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
3
$640 - 795
PER
ROOM
The Nine at Memphis
3565 Mynders Ave Memphis, TN
2 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
6
$900
1863 Burnham Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
22
$995
3556 Vanuys Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
5
$995
Updated 2/1 Section 8 Approved
956 Barbara Dr Memphis, TN
2 BR | Ask for Availability
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House
9
$1,099
950 Birch St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
15
$685
3023 Josibpet Ln
Memphis, TN
1 BR | Available Now
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Dog Friendly
Air Conditioning
1
$1,125
Newly Renovated In Mt Pisgah - Open To Section 8
580 Blackhawk Rd Memphis, TN
3 BR | Available Now
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House
1
$815
Vsa - Bldg 15
2068 Jefferson St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
15
$1,175
148 Clark Pl Unit 6
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
1
$800
Under Repair
1214 Wilson St Memphis, TN
2 BR | Available Now
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House
1
$1,195
2bd/2ba Condo Located On The Germantown/memphis Line!
6680 Whispering Oak Pl Apt 1 Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
3
$750
147 Stonewall St
Memphis, TN
2 BR | Jun. 19, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$700 - 795
Imperial Arms
3636-3646 Spottswood Ave Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
24
$1,095
Chambliss Village Townhomes
1086-4301 Chambliss Rd Cv Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,050
1 Bedroom, Living Dining Den Near Central And Highland
488 Ellsworth St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
7
$595
1297 S Prescott St
Memphis, TN
1 BR | Ask for Availability
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House
13
$699
Cozy 2-bed, 1 Bath Duplex With Unique Touches & Great Vibes!
3639 Allandale Rd Memphis, TN
2 BR | Ask for Availability
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House
15
$1,150
4493 Westmont RD
Memphis, TN
3 BR | Jun. 8, 2026
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Dog Friendly
Cat Friendly
House
10
$995
2370 Larose Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
151 - 180 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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