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Apartments Under $1,200 in Memphis, TN

211 - 240 of 562 Results
18
$1,195
2384 Forrest Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
13
$792
Brandywine Cv
Memphis, TN
1 BR | Ask for Availability
Contact
10
$1,025
4 Bed 1 Bath For Rent!!!
3411 Hallbrook St Memphis, TN
4 BR | Ask for Availability
Contact
House
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
11
$950
Duplex Home
3641 Allandale Ln Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
20
$675
482 E Mclemore Ave Unit Memphis
Memphis, TN
2 BR | Available Now
Contact
House
22
$749
574 N 4th St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
19
$795
3612 Overton Crossing St
Memphis, TN
2 BR | Available Now
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House
16
$935
155 N Auburndale St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
11
$995
6695 Whispering Oak Pl
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
5
$625
262 Chelsea Ave
Memphis, TN
3 BR | Ask for Availability
Contact
9
$960
3930 Allenbrooke Cv
Memphis, TN
2 BR | Ask for Availability
Contact
27
$599
1767 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
16
$1,050
Lovely 3-bedroom, 1-bathroom Home!
3912 Callahan Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
13
$849
574 N 4th St
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$1,075
4217 Windermere Dr
Memphis, TN
3 BR | Nov. 9, 2026
Contact
Dog Friendly
Cat Friendly
House
25
$925
4048 Leroy Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
4
$995
Charming Brick Home With Hardwood Floors & Fenced Backyard
323 Bonita Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
13
$925
1717 Dellwood Ave
Memphis, TN
2 BR | Ask for Availability
Contact
House
2
$550 - 795
PER
ROOM
The Nine at Memphis
Deal
3565 Mynders Ave Memphis, TN
2 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
16
$975
447 Delta Rd
Memphis, TN
3 BR | Available Now
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House
11
$625
847 Ayers St
Memphis, TN
1 BR | Available Now
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House
8
$1,029
875 Doctor Mlk Jr Ave
Memphis, TN
2 BR | Ask for Availability
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9
$925
3 Bed 1 Bath For Rent!!
5280 Beaverton Dr Memphis, TN
3 BR | Ask for Availability
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House
15
$1,095
3-bedroom, 1.5-bathroom Home
5343 Clinchport Cir Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
1
$995
2051 Peabody Ave
2051 Peabody St Memphis, TN
1 BR | Nov. 10, 2026
Contact
Storage
1
$950
6772 Quail Hollow Ct
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
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
$650
148 Stonewall Pl
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
6
$1,150
Latham
1235 Latham St Memphis, TN
2 BR | Ask for Availability
Contact
211 - 240 of 562 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 562 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 161 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 2,562 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 3,997 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: October 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 $1,600. Out of the 4,579 one-bedroom apartments currently on the market in Memphis, 2,524 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
Marion, AR
West Memphis, AR
Southaven, MS
Millington, TN
Cordova, TN
Robinsonville, MS
Horn Lake, MS
575
8
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 October, 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 589 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 October M/M % Change
Memphis, TN 576 +1.01%
Marion, AR 8 +0.91%
West Memphis, AR 6 +1.07%
Southaven, MS 6 +1.05%
Millington, TN 6 +0.72%
Cordova, TN 5 +0.94%
Robinsonville, MS 5 +1.01%
Horn Lake, MS 3 +1.0%
Walls, MS 1 +1.0%
Collierville, TN 1 +1.0%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,490
Top amenities Fitness Center, Air Conditioning, Dishwasher, Refrigerator, Pool
Deals 268
Pet friendly 989
Utilities included 330
Furnished 49
1 Bedroom 528
2 Bedroom 616
3 Bedroom 214

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Voillintine-evergreen, Downtown memphis, Orange mound, Mud island
South Forum 9
Voillintine-Evergreen 6
Downtown Memphis 3
Orange Mound 3
Mud Island 2
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