Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $1,200 in Memphis, TN

211 - 240 of 575 Results
1
$995
Large 3 Bedroom Home!
4150 Westover St Memphis, TN
3 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
House
Disability Access
9
$699
1735 Delano Ave Unit 11
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
6
$1,095
3156 Given Ave
Memphis, TN
4 BR | Available Now
Contact
House
0
$850 - 1,025
Parkway Place Apartments
2342 Parkway Pl Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$850
Peabody Place Apartments
1896 Peabody Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
5
$1,095
Amazing Remodel In 38128
3724 Longmont Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
5
$900
1628 Via Roma
Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
House
10
$750
2br Condo In Memphis
5217 Flowering Peach Dr Memphis, TN
2 BR | Ask for Availability
Contact
House
7
$695
1297 S Prescott St
Memphis, TN
1 BR | Ask for Availability
Contact
House
11
$895
1315 Halcomb Ln
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
13
$699
Cozy 2-bed, 1 Bath Duplex With Unique Touches & Great Vibes!
3639 Allandale Rd Memphis, TN
2 BR | Ask for Availability
Contact
House
15
$975
Lare 4br House For Rent In Memphis
990 Ford Pl Memphis, TN
4 BR | Ask for Availability
Contact
House
11
$930 - 1,050
The Summereast
770-850 Barlett Rd Memphis, TN
1 - 2 BR | Apr. 3, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
41
$825 - 1,175
Sherwood Flats
3667 Rhodes Ave Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$809
3060 Juca Ln
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Air Conditioning
1
$995
Very Nice Newly Rehabbed Home In Frayser - Open To Section 8
3614 Steele St Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Disability Access
10
$800
1043 Whitaker Dr Unit 11
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$925
The Flats @ Cooper Young
999 S Cooper St Memphis, TN
Studio | Apr. 9, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
9
$1,195
950 Birch St
Memphis, TN
3 BR | Apr. 3, 2026
Contact
Dog Friendly
Cat Friendly
House
20
$950
3554 Vanuys Rd
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
3
$760 - 920
PER
ROOM
The Nine at Memphis
3565 Mynders Ave Memphis, TN
2 - 4 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Fitness Center
13
$1,195
Section 8 Ready!
3205 Choctaw Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
6
$900
1863 Burnham Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
5
$850 - 950
Summerwood Apartments
4015 Summer Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
10
$995 - 1,150
The Broadmoor Apartments
306 S Cleveland St Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$495
Cute Duplex In Prospect Park
1455 Eloise Rd Memphis, TN
1 BR | Available Now
Contact
House
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
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
7
$995
3398 Carrington Rd
Memphis, TN
2 BR | Available Now
Contact
House
11
$859
3151 Ashwood Rd
Memphis, TN
2 BR | Ask for Availability
Contact
Air Conditioning
Dishwasher
12
$995
3742 Deerwood Cv
Memphis, TN
2 BR | Ask for Availability
Contact
House
211 - 240 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
Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code