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Apartments Under $1,200 in Memphis, TN

241 - 270 of 587 Results
8
$555 - 835
Village Green Apartments
2.6
3450 Fescue Lane Memphis, TN
1 - 3 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
27
$599
1761 E Raines Rd Apt Memphis
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
5
$1,050
1734 Wildrose St
Memphis, TN
4 BR | May. 25, 2026
Contact
Dog Friendly
Cat Friendly
House
5
$995
4700 Berta RD
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
10
$695
2922 Hale Ave
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$1,195
4360 Bluebell St
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,195
3724 Hillridge St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,195
2208 Cassie Ave
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$925
Very Nice Home In Raleigh - Open To Section 8
3764 Windermere Rd Memphis, TN
3 BR | Available Now
Contact
House
0
$985
Welcome To 3990 Ashview Cove!
3990 Ashview Cv Memphis, TN
2 BR | Available Now
Contact
Fireplace
1
$895
Updated 2 Bedroom 1.5 Bath Townhome - Open To Section 8 - $99 Move In Special
5193 Flowering Peach Dr Memphis, TN
2 BR | Available Now
Contact
House
1
$845
Renovated House In Quite Neighborhood
1659 S Cooper St Memphis, TN
2 BR | Available Now
Contact
House
1
$1,135
Welcome To 2538 Lisa Ave!
2538 Lisa Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$695
Beautifully Renovated 2 Bedroom Apartment - Open To Section 8
519 Simpson Ave #2 Memphis, TN
2 BR | Available Now
Contact
House
1
$975
985 Marble Ave
Memphis, TN
2 BR | Available Now
Contact
House
0
$895
Coming Soon: Charming 2-bed, 1-bath Duplex
1357 Chadwick Cir Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
1
$1,095
Under Repair
5664 Myers Rd Memphis, TN
2 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$950
720 Frayser Dr
Memphis, TN
2 BR | Available Now
Contact
House
1
$965
Welcome To 4496 Range Line Road!
4496 Range Line Rd Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$1,135
Great Duplex Unit In The Heart Of Memphis
3325 Cristil St Memphis, TN
2 BR | Available Now
Contact
Dishwasher
1
$1,050
1445 Luverne St
Memphis, TN
3 BR | Aug. 3, 2026
Contact
House
1
$1,200
Section 8 Approved - Now Available For Lease – 3 Bed / 2 Bath Home
2283 Poe Ave Memphis, TN
3 BR | Available Now
Contact
House
0
$699 - 1,100
Coronado Manor
2429 Ketchum Rd Memphis, TN
1 - 3 BR | Available Now
Contact
1
$595
1435 Madison Ave.
1435 Madison Ave #5 Memphis, TN
Studio | Available Now
Contact
1
$725
Charming Midtown 2 Bedroom - 1 Bath | Freshly Updated | Open To Section 8
1537 Standridge St Memphis, TN
2 BR | Available Now
Contact
House
1
$1,150
2692 Select Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Orange Mound
1
$1,195
1154 Springdale St
Memphis, TN
3 BR | Available Now
Contact
House
1
$895
3 Bed 1 Bath For Rent!!!
3510 Rochester Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
2
$895
Available Now!!
2765 Walnut Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
241 - 270 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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