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Apartments Under $1,200 in Memphis, TN

151 - 180 of 563 Results
28
$995
1141 Catalina Rd
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
9
$925
3 Bed 1 Bath For Rent!!
5280 Beaverton Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
41
$875 - 945
Sherwood Flats
3667 Rhodes Ave Memphis, TN
2 BR | Nov. 10, 2026
Contact
Dog Friendly
Cat Friendly
1
$825
410/412 N Bellevue Blvd
Memphis, TN
1 BR | Available Now
Contact
Storage
1
$850 - 910
Parkway Place Apartments
2342 Parkway Pl Memphis, TN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$745
1302 Court Ave
Memphis, TN
Studio | Available Now
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Storage
Disability Access
11
$970 - 995
The Summereast Apartments
770-850 Barlett Rd Memphis, TN
2 BR | Oct. 5, 2026
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Dog Friendly
Cat Friendly
Dishwasher
15
$1,030
Madison Midtown
1544 Madison Ave Memphis, TN
1 BR | Available Now
Contact
1
$975
Awesome Duplex For Rent!!!
267 Williford St Memphis, TN
2 BR | Oct. 8, 2026
Contact
Dog Friendly
Cat Friendly
House
25
$925
4048 Leroy Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
2
$550 - 795
PER
ROOM
The Nine at Memphis
Deal
3565 Mynders Ave Memphis, TN
2 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
8
$1,029
875 Doctor Mlk Jr Ave
Memphis, TN
2 BR | Ask for Availability
Contact
15
$1,095
3-bedroom, 1.5-bathroom Home
5343 Clinchport Cir Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
1
$650
1229 Vinton
1229 Vinton Ave Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
15
$850
1633 Orr St
Memphis, TN
2 BR | Available Now
Contact
House
17
$1,199
2032 Hallwood Dr
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Voillintine-Evergreen
14
$1,195
Beautiful 3-bedroom, 1.5-bathroom Home!
3546 Gowan Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$1,025
4 Bed 1.5 Bath For Rent!!!
1892 Coventry Dr Memphis, TN
4 BR | Ask for Availability
Contact
House
27
$1,050
3238 Walnut Grove Rd
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$1,195
3-bed, 2.5 Bath Duplex Unit
2087 Saint James Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
5
$850
3br In Memphis
5356 Beaverton Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
0
$1,195
2bd/2ba Condo Located On The Germantown/memphis Line!
6706-2 Majestic Oaks Pl Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
5
$995
Southern Grove Apartments
3440 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dishwasher
1
$1,095
6680 Whispering Oaks #2
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
10
$800
Townhouse For Rent In Memphis
3786 Cambridge Station Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
16
$995
Cozy 4-bedroom Brick Home With Front Porch Charm
3484 Aaron Rd Memphis, TN
4 BR | Ask for Availability
Contact
House
Air Conditioning
0
$750 - 975
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
8
$1,095
Charming Single-story Home With Spacious Kitchen & Fenced Backyard
3245 Sinclair St Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$1,200
974 E Person Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
33
$895
639 Mississippi Blvd
Memphis, TN
2 BR | Available Now
Contact
South Forum
151 - 180 of 563 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 563 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 161 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 2,562 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 3,997 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. Voillintine-Evergreen
  3. Downtown Memphis
  4. Orange Mound
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: October 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 $1,040, with the majority falling between $650 and $1,600. Out of the 4,579 one-bedroom apartments currently on the market in Memphis, 2,524 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
Marion, AR
West Memphis, AR
Southaven, MS
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
575
8
6
6
6
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 October, 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 589 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 October M/M % Change
Memphis, TN 576 +1.01%
Marion, AR 8 +0.91%
West Memphis, AR 6 +1.07%
Southaven, MS 6 +1.05%
Millington, TN 6 +0.72%
Cordova, TN 5 +0.94%
Robinsonville, MS 5 +1.01%
Horn Lake, MS 3 +1.0%
Walls, MS 1 +1.0%
Collierville, TN 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,490
Top amenities Fitness Center, Air Conditioning, Dishwasher, Refrigerator, Pool
Deals 268
Pet friendly 989
Utilities included 330
Furnished 49
1 Bedroom 528
2 Bedroom 616
3 Bedroom 214

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 9
Voillintine-Evergreen 6
Downtown Memphis 3
Orange Mound 3
Mud Island 2
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