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Apartments Under $1,200 in Memphis, TN

151 - 180 of 575 Results
1
$1,150
2 Bedroom Townhome
3003 Charlestowne Pl Memphis, TN
2 BR | Jun. 19, 2026
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House
Dishwasher
1
$1,095
1860 1862 Court Ave
Memphis, TN
2 BR | Apr. 10, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
8
$895
220 S Cleveland St
Memphis, TN
2 BR | Apr. 17, 2026
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Dog Friendly
Cat Friendly
Dishwasher
1
$650
Recently Renovated 1 Bedroom Duplex Ready For Move-in!! - Binghampton
684 Lipford St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
21
$1,095
Comfortable & Convenient 3-bedroom Home With Fenced Yard And Fireplace
760 S Prescott St Memphis, TN
3 BR | Ask for Availability
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House
1
$1,095
The Galloway At Evergreen
1571 Galloway Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
0
$760 - 907
Jamesbridge
3815 N Advantage Way Dr Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
5
$695 - 699
607 Mclemore Ave
Memphis, TN
2 BR | Available Now
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12
$850
Newly Renovate In 2022 - 2 Bedroom 1 Bathroom
147 Stonewall St #01 Memphis, TN
2 BR | Jun. 19, 2026
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Dog Friendly
Cat Friendly
Dishwasher
7
$775
4649 Royal Ridge Dr
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
12
$995
Bickford Square Apartments
281 Bickford Ave Memphis, TN
3 BR | Available Now
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Dishwasher
32
$875 - 950
Holmes Pointe Apartments
1594-1636 E Holmes Rd Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
10
$1,150
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
1
$875
1988-1990 Walker
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Cooper-Young
1
$775
Vsa - Bldg 10
2054 Jefferson St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,095
2380 Forrest
2380 Forrest Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
1
$650
Studio Apartment, 1 Bathroom Near Uom And Echles St
3665 Spottswood St Memphis, TN
1 BR | Available Now
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House
2
$599 - 949
Emerald Pointe Apartment
3315 Hickory Hill Road Memphis, TN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Storage
14
$1,095
689 Miles Dr
Memphis, TN
2 BR | Available Now
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7
$995
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
5
$850 - 950
Summerwood Apartments
4015 Summer Ave Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
12
$995
3742 Deerwood Cv
Memphis, TN
2 BR | Ask for Availability
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House
10
$995 - 1,150
The Broadmoor Apartments
306 S Cleveland St Memphis, TN
2 BR | Available Now
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Dishwasher
1
$925
The Flats @ Cooper Young
999 S Cooper St Memphis, TN
Studio | Apr. 9, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$1,095 - 1,170
Wilson Crossing Townhomes: Your Spacious, Two-story Home In Whitehaven, Memphis!
4907 Autumn Leaf Dr Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
8
$995
215 N Bellevue Blvd
Memphis, TN
2 BR | Ask for Availability
1
$495
Cute Duplex In Prospect Park
1455 Eloise Rd Memphis, TN
1 BR | Available Now
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House
Disability Access
1
$995
Very Nice Newly Rehabbed Home In Frayser - Open To Section 8
3614 Steele St Memphis, TN
4 BR | Available Now
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House
Disability Access
151 - 180 of 575 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 575 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 167 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 2,219 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 3,530 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. Voillintine-Evergreen
  2. Cooper-Young
  3. Downtown Memphis
  4. Central Gardens
  5. Orange Mound

Apartments Under $1,200 in Memphis, TN: April 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 $1,680
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,070, with the majority falling between $630 and $1,700. Out of the 3,925 one-bedroom apartments currently on the market in Memphis, 2,143 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
Southaven, MS
West Memphis, AR
Marion, AR
Cordova, TN
Millington, TN
Robinsonville, MS
Horn Lake, MS
598
8
7
6
5
5
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 April, 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 608 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 April M/M % Change
Memphis, TN 599 +0.98%
Southaven, MS 9 +0.84%
West Memphis, AR 7 +1.19%
Marion, AR 7 +1.09%
Cordova, TN 6 +0.9%
Millington, TN 5 +0.97%
Robinsonville, MS 5 +0.92%
Horn Lake, MS 4 +1.08%
Collierville, TN 3 +0.87%
Walls, MS 1 +1.11%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,488
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 248
Pet friendly 986
Utilities included 237
Furnished 48
1 Bedroom 494
2 Bedroom 683
3 Bedroom 202

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Cooper-young, Downtown memphis, Central gardens, Orange mound
Voillintine-Evergreen 7
Cooper-Young 5
Downtown Memphis 4
Central Gardens 3
Orange Mound 3
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