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Apartments Under $1,200 in Memphis, TN

151 - 180 of 554 Results
1
$1,145
6680 Whispering Oaks #2
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
1
$675
1304 Court Ave
Memphis, TN
Studio | Available Now
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Storage
Disability Access
1
$999
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
8
$950 - 1,150
266 Lofts Phase II
276 S Front St Memphis, TN
1 BR | Available Now
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South Forum
18
$1,075
3816 Ford Rd
Memphis, TN
3 BR | Available Now
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House
25
$1,095
4767 Bradford Dr
Memphis, TN
3 BR | Available Now
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House
16
$895
1541 Roosevelt Ave
Memphis, TN
3 BR | Available Now
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House
26
$895
639 Mississippi Blvd
Memphis, TN
2 BR | Available Now
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South Forum
1
$800
2659 Windsor
Memphis, TN
2 BR | Available Now
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House
0
$750 - 975
Country View
3990 Stephanie Ln Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
15
$750
3035 Juca Ln
Memphis, TN
1 BR | Available Now
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Dog Friendly
Air Conditioning
6
$695
1463 Boxwood St
Memphis, TN
2 BR | Available Now
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House
9
$1,025
580 Blackhawk Rd
Memphis, TN
3 BR | Available Now
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House
21
$995
1922 Coventry Dr
Memphis, TN
3 BR | Available Now
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House
15
$820
3179 Jackson Ave
Memphis, TN
2 BR | Available Now
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House
15
$890
1162 Peabody Ave
Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
21
$895
639 Mississippi Blvd
Memphis, TN
2 BR | Available Now
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South Forum
5
$899
1677 Dena Dr
Memphis, TN
1 BR | Available Now
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House
10
$750
3066 Juca Ln
Memphis, TN
1 BR | Available Now
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Dog Friendly
Air Conditioning
11
$1,150
2096 Court Ave, Unit 1
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
1
$795
Imperial Arms
3636-3646 Spottswood Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$965
Madison Gardens
1655 Madison Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
3
$750
147 Stonewall St
Memphis, TN
2 BR | Aug. 31, 2026
Contact
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
16
$725
Wildhorse 839
839 Pearce St Memphis, TN
2 BR | Nov. 20, 2026
Contact
Dog Friendly
Cat Friendly
12
$750 - 850
Macon Crossing Apartments
1092-3655 Homer/Macon Memphis, TN
1 - 2 BR | Aug. 21, 2026
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Dog Friendly
Cat Friendly
Dishwasher
Downtown Memphis
1
$550
165 N Merton
165 N Merton Ave Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$900
4 Success Is Offering This Spacious 3-bedroom 2 Bath Home Rental Offering Updated The Perfect Blend Of Comfort And Style. This Well-maintained Home Features Modern Fixtures Throughout, Creating A Fresh And Inviting Living Space.
1620 Pennsylvania St Memphis, TN
3 BR | Available Now
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House
1
$900
1195 Dorothy Pl
Memphis, TN
1 BR | Available Now
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Air Conditioning
Disability Access
13
$1,095
916 Crockett Pl
Memphis, TN
3 BR | Available Now
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House
151 - 180 of 554 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 554 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 179 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 2,765 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 4,122 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: August 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 $1,630. Out of the 4,598 one-bedroom apartments currently on the market in Memphis, 2,715 are priced below $1,200, accounting for 59% 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
Robinsonville, MS
Millington, TN
Cordova, TN
575
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 August, 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 619 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 August M/M % Change
Memphis, TN 575 +1.0%
Southaven, MS 7 +1.0%
West Memphis, AR 7 +0.85%
Marion, AR 7 +0.89%
Robinsonville, MS 5 +0.96%
Millington, TN 4 +1.04%
Cordova, TN 4 +0.69%
Horn Lake, MS 3 +1.0%
Collierville, TN 1 +1.14%
Walls, MS 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,551
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 312
Pet friendly 1,041
Utilities included 276
Furnished 48
1 Bedroom 542
2 Bedroom 682
3 Bedroom 232

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 10
Voillintine-Evergreen 9
Downtown Memphis 4
Orange Mound 3
Mud Island 2
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