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Apartments Under $1,200 in Memphis, TN

241 - 270 of 587 Results
0
$760 - 907
Jamesbridge
3815 N Advantage Way Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
11
$995
Cozy Single-story 3-bedroom Home With Hardwood Floors & Fenced Yard
2927 Gruber Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
24
$1,000
1685 S Goodlett St
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
12
$995
1734 Wildrose St
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$950
3717 Deerwood Cv
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
13
$1,180
4315 Leatherwood Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$725
Great Small Home Ready Now!
2718 Windsor Pkwy Memphis, TN
2 BR | Ask for Availability
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House
11
$1,075
3825 Glenburee St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$995
4700 Berta RD
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,095
Newly Renovated In Mt Pisgah - Open To Section 8
580 Blackhawk Rd Memphis, TN
3 BR | Available Now
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House
27
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
14
$1,000
157 Roberta Dr
Memphis, TN
2 BR | Jul. 6, 2026
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House
8
$1,195
4360 Bluebell St
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$895
720 Frayser Dr
Memphis, TN
2 BR | Available Now
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House
10
$895
310 Jones St
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
2
$599 - 795
PER
ROOM
The Nine at Memphis
3565 Mynders Ave Memphis, TN
2 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
6
$900
1863 Burnham Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
22
$800
3556 Vanuys Rd
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
5
$950
Updated 2/1 Section 8 Approved
956 Barbara Dr Memphis, TN
2 BR | Ask for Availability
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House
16
$725
3354 Douglass Ave
Memphis, TN
1 BR | Aug. 10, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
10
$895
2370 Larose Ave
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
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
12
$695
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
11
$1,150
44 N Belvedere Blvd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
13
$850
821 Maury
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Voillintine-Evergreen
5
$1,095
3344 Bestway Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
9
$1,100
Gayoso House
4.9
130 S Front St Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
6
3D Tour
$1,100 - 1,200
South Bluffs Apartments
4.0
4 Riverview Drive W Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Short-term
12
$1,000
Pembroke Square
5.0
125 Gayoso Ave Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
36
$1,020 - 1,165
Vantage At Germantown
7885 Silver Spur Circle Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
241 - 270 of 587 Results
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  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 135 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 2,397 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 3,926 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. Orange Mound
  3. Voillintine-Evergreen
  4. Cooper-Young
  5. Downtown Memphis

Apartments Under $1,200 in Memphis, TN: July 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 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,040, with the majority falling between $650 and $1,620. Out of the 4,445 one-bedroom apartments currently on the market in Memphis, 2,318 are priced below $1,200, accounting for 52% of the total available one-bedroom units in Memphis.

Available Apartments Under $1,200: Memphis vs. Surrounding Areas

Memphis, TN
Southaven, MS
Marion, AR
West Memphis, AR
Millington, TN
Robinsonville, MS
575
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 July, 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 618 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 July M/M % Change
Memphis, TN 576 +1.01%
Southaven, MS 7 +1.13%
Marion, AR 6 +0.91%
West Memphis, AR 6 +0.83%
Millington, TN 4 +1.19%
Robinsonville, MS 4 +1.04%
Horn Lake, MS 3 +1.0%
Cordova, TN 3 +1.24%
Collierville, TN 1 +1.36%
Walls, MS 1 +1.14%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 7,020
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 207
Pet friendly 1,088
Utilities included 307
Furnished 48
1 Bedroom 540
2 Bedroom 710
3 Bedroom 225

Where are Memphis Apartments Under $1,200?

Top Neighborhoods South forum, Orange mound, Voillintine-evergreen, Cooper-young, Downtown memphis
South Forum 6
Orange Mound 6
Voillintine-Evergreen 5
Cooper-Young 4
Downtown Memphis 2
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