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Apartments Under $1,200 in Memphis, TN

181 - 210 of 557 Results
18
$1,195
Coming Soon! 3-bedroom 1.5-bathroom Home
4696 Quintell Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
9
$795
Section 8 Home Available Now.
4427 Ryan St Memphis, TN
3 BR | Ask for Availability
Contact
House
14
$750
3br House For Rent In Memphis
3296 Madewell St Memphis, TN
3 BR | Ask for Availability
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House
21
$1,195
944 Birch St
Memphis, TN
3 BR | Available Now
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House
12
$1,195
1057 College St
Memphis, TN
2 BR | Available Now
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House
21
$675
1751 Bismark St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
11
$800
132 N Evergreen St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
19
$599
1763 E Raines Rd Apt Memphis
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$975
Abington
4616 Scott Crossing Dr Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
22
$1,000
77 N Greer St
Memphis, TN
2 BR | Sep. 10, 2026
Contact
Dog Friendly
Cat Friendly
9
$950
3136 Pamsijo Ln
Memphis, TN
3 BR | Available Now
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Dog Friendly
Air Conditioning
15
$1,050
Charming 3-bed, 1-bath Home!!
862 Western Park Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
9
$950
3br For Rent In Mephis
3156 Chandler St Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
4
$899
Redwood Estates 168 Llc
4144 Thomas St Memphis, TN
1 BR | Available Now
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Dog Friendly
1
$995
1bd/1ba Condo Located On The Germantown/memphis Line!
6695-3 Whispering Oak Pl Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
6
$745
708 Hastings
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$950
Spacious Northaven Home
5157 Blacksmith Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
7
$1,175
148 Clark Pl Unit Clark Ter #7
Memphis, TN
1 BR | Sep. 1, 2026
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Cat Friendly
18
$1,025
3329 Harvester Ln
Memphis, TN
4 BR | Available Now
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House
13
$575
1445 Britton St
Memphis, TN
1 BR | Available Now
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House
17
$1,090
1234 Harbert Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
11
$1,025
4 Bed 1.5 Bath For Rent!!!
1892 Coventry Dr Memphis, TN
4 BR | Ask for Availability
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House
12
$595
Charming 2-bedroom Brick Home With Bright Character And Natural Light
815 Lucille Ave Memphis, TN
2 BR | Ask for Availability
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House
Air Conditioning
14
$1,195
Welcome To Marathon Management, Where We're In It For The Long Run!
3546 Gowan Dr Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
1
$695
1229 Vinton
1229 Vinton Ave Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$995
611 Patterson
Memphis, TN
2 BR | Nov. 20, 2026
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Dog Friendly
Cat Friendly
House
Air Conditioning
Surface Parking
1
$575
791 Maury
Memphis, TN
2 BR | Nov. 20, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$775
619 Patterson #5
Memphis, TN
1 BR | Available Now
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House
Storage
31
$1,100
4104 Fizer Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
13
$792
Brandywine Cv
Memphis, TN
1 BR | Ask for Availability
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181 - 210 of 557 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 557 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 4,123 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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