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Apartments Under $1,200 in Memphis, TN

211 - 240 of 587 Results
13
$995
1717 Dellwood Ave
Memphis, TN
2 BR | Ask for Availability
Contact
House
11
$995
3430 Shiloh St
Memphis, TN
3 BR | Available Now
Contact
Cat Friendly
House
8
$1,195
Charming Single-story Home With Spacious Kitchen & Fenced Backyard
3245 Sinclair St Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
5
$999
1629 Dena Dr
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
House
9
$975
3 Bed 1 Bath For Rent!!
5280 Beaverton Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
0
$840 - 900
Cedar Run
5958 E Point Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
5
$699
1628 Via Roma
Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
House
12
$1,195
Charming Single-story Brick Home With Fenced Yard & Storage
1247 Vistaview Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
23
$975
703 N 3rd St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$875
2051 Peabody Ave
2051 Peabody St Memphis, TN
1 BR | Available Now
Contact
Storage
5
$1,150
Urban Loft Co. Memphis
440 Monroe Ave Memphis, TN
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Dishwasher
1
$675 - 695
148 Stonewall Pl
Memphis, TN
1 BR | May. 21, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$750
1298 Carr
1298 Carr Ave Memphis, TN
2 BR | Available Now
Contact
Disability Access
5
$850 - 950
Summerwood Apartments
4015 Summer Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$495
Cute Duplex In Prospect Park
1455 Eloise Rd Memphis, TN
1 BR | Available Now
Contact
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
Contact
Dog Friendly
Cat Friendly
House
Disability Access
10
$995 - 1,100
The Broadmoor Apartments
306 S Cleveland St Memphis, TN
2 BR | Available Now
Contact
Dishwasher
5
$1,095 - 1,195
Wilson Crossing Townhomes: Your Spacious, Two-story Home In Whitehaven, Memphis!
4907 Autumn Leaf Dr Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
10
$800
1043 Whitaker Dr Unit 11
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
21
$1,000
795 Roanoke Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$699
1663 Dena Dr
Memphis, TN
1 BR | Available Now
Contact
House
0
$785 - 975
Epping Way
Deal
2690 Drury Way Ln Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
5
$995
1596 Hope St
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
8
$975
3 Bed 1 Bath For Rent!!
681 Northaven Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
5
$999
1633 Dena Dr
Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
House
12
$895
Ask About Our Specials
3742 Deerwood Cv Memphis, TN
2 BR | Ask for Availability
Contact
House
18
$947
Dorothy Pl
Memphis, TN
1 BR | Ask for Availability
Contact
22
$900
1753 Bismark St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
22
$1,000
1213 Alder Dr
Memphis, TN
1 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
8
$995
215 N Bellevue Blvd
Memphis, TN
2 BR | Ask for Availability
211 - 240 of 587 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 587 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 163 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 2,510 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 3,832 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. Downtown Memphis
  3. High Point Terrace
  4. Voillintine-Evergreen
  5. Mud Island

Apartments Under $1,200 in Memphis, TN: May 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
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,030, with the majority falling between $640 and $1,640. Out of the 4,296 one-bedroom apartments currently on the market in Memphis, 2,561 are priced below $1,200, accounting for 60% 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
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
596
8
5
5
5
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 May, 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 622 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 May M/M % Change
Memphis, TN 597 +1.0%
Southaven, MS 9 +1.02%
West Memphis, AR 6 +1.21%
Marion, AR 6 +1.15%
Millington, TN 5 +1.0%
Cordova, TN 5 +1.12%
Robinsonville, MS 5 +0.96%
Horn Lake, MS 3 +1.17%
Collierville, TN 3 +1.12%
Walls, MS 1 +1.12%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,927
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 318
Pet friendly 1,027
Utilities included 258
Furnished 51
1 Bedroom 500
2 Bedroom 700
3 Bedroom 218

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Downtown memphis, High point terrace, Voillintine-evergreen, Mud island
South Forum 5
Downtown Memphis 3
High Point Terrace 3
Voillintine-Evergreen 3
Mud Island 2
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