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Apartments Under $1,200 in Memphis, TN

211 - 240 of 608 Results
9
$925
3484 Vernon Ave Unit 3484
Memphis, TN
2 BR | Available Now
Contact
23
$1,015
703 N 3rd St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
18
$685
3106 Josibpet Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
11
$995
3447 Cook Rd
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
5
$1,150
2551 Reese Point Dr
Memphis, TN
2 BR | Mar. 13, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$995
2 Bed / 2 Bath Memphis Condo
3962 Grahamdale Cir Unit A Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Pool
1
$1,195
Studio W/ In-unit Laundry Near Tom Lee Park
720 Litty Ct Apt 102 Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
Pool
1
$799
31 N Evergreen
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Storage
Disability Access
1
$875 - 895
3602- 3616 Spottswood
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
1
$950
The Marie
160 Hayden Pl Memphis, TN
2 BR | Feb. 16, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,125
Charming 3-bedroom Home In Desirable Raleigh Area
3500 Hanna Dr Memphis, TN
3 BR | Available Now
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House
1
$890 - 895
Peabody Apartments
1261 Peabody Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
6
$850
3br House In Memphis
3662 Irma St Memphis, TN
3 BR | Ask for Availability
Contact
House
6
$899
1658 Dena Dr
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
House
16
$1,195
Cozy 3-bedroom Brick Home With Fenced Yard & Functional Layout
3563 Hillridge St Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
23
$1,000
3174 Walnut Grove Rd
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
9
$800 - 875
Perfect Midtown Location
2780 Madison Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$1,045
Charming 3-bedroom Single-story Home With Fenced Yard & Storage Shed
5221 Braden Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
1
$950
Awesome Northaven Home For Rent! Coming Available Soon!!
5304 Plover Dr Memphis, TN
3 BR | Mar. 2, 2026
Contact
House
15
$775
Section 8 Accepted 2 Bedroom 1 Bath Apartment!
800 Maury St #2 Memphis, TN
2 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
Voillintine-Evergreen
1
$750
Vsa - Bldg 03
2028 Jefferson St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
1
$795
Beautiful Duplex | Apply Now!!
869 Pearce St Memphis, TN
2 BR | Available Now
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House
1
$850 - 950
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
1
$685 - 785
1304 Court Ave
Memphis, TN
1 BR | Available Now
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Storage
Disability Access
1
$850
3609 Mynders Ave
Memphis, TN
1 BR | Available Now
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Disability Access
Dishwasher
8
$1,075
3431 Forrester Rd
Memphis, TN
3 BR | Ask for Availability
Contact
House
27
$1,095
Great Condo In Quiet Area
3759 Wyndance Cir Memphis, TN
2 BR | Ask for Availability
Contact
House
15
$700
964 Joseph Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
8
$995
1348 Austin St
Memphis, TN
3 BR | Ask for Availability
Contact
House
19
$1,100
1271 Poplar Ave Unit 906
Memphis, TN
1 BR | Available Now
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Dishwasher
211 - 240 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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