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Apartments Under $1,200 in Memphis, TN

151 - 180 of 608 Results
12
$825
1032 N Evergreen St
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Voillintine-Evergreen
12
$1,015
4224 Philsdale Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
19
$1,000
2545 Spottswood Ave
Memphis, TN
2 BR | Mar. 1, 2026
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Dog Friendly
Cat Friendly
House
9
$975
5280 Beaverton Dr
Memphis, TN
3 BR | Ask for Availability
Contact
House
10
$1,150
Charming 3-bedroom, 2-bath Home With Carport & Fenced Backyard
1845 Blair Hunt Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
10
$1,025
3411 Hallbrook St
Memphis, TN
4 BR | Ask for Availability
Contact
House
1
$775
Section 8 Accepted!!
3068 Harvester Ln Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
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
$1,195
2380 Forrest
2380 Forrest Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
1
$850
6 W. Byfield
Memphis, TN
3 BR | Feb. 21, 2026
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Dog Friendly
Cat Friendly
House
1
$850
1202/1204 Tutwiler
1202 1204 Tutwiler Ave Memphis, TN
1 BR | Available Now
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Air Conditioning
Disability Access
12
$995
Bickford Square Apartments
281 Bickford Ave Memphis, TN
3 BR | Available Now
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Dishwasher
5
$695 - 699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
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1
$600
3580 BRISTERWOOD
Memphis, TN
1 BR | Available Now
Contact
Dishwasher
32
$899
Holmes Pointe Apartments
1594-1636 E Holmes Rd Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
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
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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
9
$799
1735 Delano Ave Unit 21
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
5
$699
1629 Dena Dr
Memphis, TN
1 BR | Available Now
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Dog Friendly
House
15
$685
3039 Josibpet Ln
Memphis, TN
1 BR | Available Now
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Dog Friendly
Air Conditioning
13
$1,025
3659 Kimball Ave
Memphis, TN
3 BR | Available Now
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House
Air Conditioning
Dishwasher
17
$1,195
2499 Larose Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
34
$475
1767 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
6
$1,095
3446 Spottswood Ave
Memphis, TN
2 BR | Available Now
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17
$950
4302 Knight Arnold Rd
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
13
$799
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
9
$990
Newly Remodeled House In The 38109 Area.
4353 Ford Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
14
$1,150
4860 Leonard Rd
Memphis, TN
4 BR | Ask for Availability
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House
151 - 180 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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