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Apartments Under $1,200 in Memphis, TN

211 - 240 of 557 Results
1
$1,199
Fully Updated 3 Bed, 1.5 Bath Home With Wonderful Curb Appeal North Of Memphis.
3503 Brockcliff Cv Memphis, TN
3 BR | Available Now
Contact
House
Storage
1
$995
Charming Newer 1-bedroom Home In Vollintine-evergreen
1807 Jackson Ave Memphis, TN
1 BR | Sep. 1, 2026
Contact
House
Air Conditioning
Storage
Dishwasher
Voillintine-Evergreen
14
$825
1593 Mississippi Blvd
Memphis, TN
2 BR | Available Now
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House
6
$900
1416 Azalia St
Memphis, TN
3 BR | Oct. 31, 2026
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House
Storage
12
$925
1508 Madison Ave Unit Cherokee
Memphis, TN
Studio | Sep. 1, 2026
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Dog Friendly
Cat Friendly
16
$1,145
Charming 3-bedroom Home With Fenced Yard & Convenient Layout
5362 Breckenwood Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
1
$850
The Marie
160 Hayden Pl Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$999
3602- 3616 Spottswood
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
5
$795
Rowland 806
806 Maury St Memphis, TN
2 BR | Sep. 18, 2026
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Voillintine-Evergreen
1
$1,095
5293 Cedar Bluff Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
24
$840 - 850
Imogene Apartments
2107 Imogene St Memphis, TN
2 BR | Available Now
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16
$900
3696 Buffalo Rd
Memphis, TN
3 BR | Available Now
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House
18
$975
639 Mississippi Blvd
Memphis, TN
2 BR | Available Now
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South Forum
11
$800
635 Patterson St Apt 4
Memphis, TN
1 BR | Available Now
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House
Balcony/Deck/Patio
Dishwasher
18
$795
3612 Overton Crossing St
Memphis, TN
2 BR | Available Now
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House
18
$675
482 E Mclemore Ave Unit Memphis
Memphis, TN
2 BR | Available Now
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House
20
$975
749 Bey St
Memphis, TN
2 BR | Available Now
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House
Orange Mound
12
$1,000
62 N Main St Unit 1
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
Downtown Memphis
23
$925
703 N 3rd St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$1,040
6695 Whispering Oak Pl
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$960
3930 Allenbrooke Cv
Memphis, TN
2 BR | Ask for Availability
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5
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
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0
$785 - 1,125
Cedar Run
5958 E Point Dr Memphis, TN
1 - 3 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
17
$1,025
3807 Masterson St
Memphis, TN
3 BR | Available Now
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House
10
$1,025
838 Crockett Pl
Memphis, TN
4 BR | Available Now
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House
36
$795 - 1,050
The Local
3251 Knight Trails Circle Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
5
$25 - 992
Saints Courts Apartments
Deal
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
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Income Restricted
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
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
211 - 240 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 2,766 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 4,126 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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