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Apartments Under $1,200 in Memphis, TN

511 - 540 of 606 Results
17
$815 - 915
Georgian Woods
4.1
2451 Union Avenue Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
12
$950 - 1,155
King's Reserve Memphis - 55+ Senior
1550 N Pkwy Memphis, TN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony/Deck/Patio
5
$905 - 1,055
Riverset Apartment Homes
100 Riverset Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
5
$823
Fielder Square
70 S 4th St Memphis, TN
Studio | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Luxury
Section 8
5
$830
Madison Place Apartments
1772-1776 Madison Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
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
12
$840 - 1,795
Waterford Place Luxury Apartments
8037 Waterford Circle Memphis, TN
1 - 3 BR | Available Now
Contact
Section 8
Air Conditioning
Fitness Center
Storage
Pool
17
$630 - 1,025
Hickory Farm
3.5
3822 Hickory Farm Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Air Conditioning
Disability Access
Dishwasher
Pool
15
$665 - 1,364
Madison Cypress Lakes
1.7
6860 Quince Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Pool
17
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
5
$620 - 878
The Summit Apartments
4981 Hidden Lake Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Fitness Center
24
$1,025 - 1,228
Arbors Harbor Town
2.9
671 Harbor Edge Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Balcony/Deck/Patio
Fitness Center
16
$488 - 785
Sycamore Lake
1.9
2174 Westchester Rd. Memphis, TN
1 - 2 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
15
$525 - 1,200
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
$740 - 850
Jamesbridge
3815 N Advantage Way Dr Memphis, TN
1 - 2 BR | Available Now
Contact
30
$629 - 951
Arbors Of Century Center
1490 Century Arbor Ln. Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
4
$665 - 790
Autumn Ridge
1.8
3888 Autumn Ridge Court Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Balcony/Deck/Patio
7
$950
The Urban Peddler
50 S Morrison Memphis, TN
2 BR | Available Now
Contact
In Unit Laundry
13
$850 - 1,075
Brentwood Place Apartments
1835 Sycamore View Rd Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Fitness Center
$1,165
Welcome To 2313 Nunnelee Ave!
2313 Nunnelee Ave Memphis, TN
3 BR | Jan. 19, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
5
$1,010 - 1,200
The Cornerstone Flats
3.0
113 South Main Street Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
11
$925 - 1,100
The W. L. Apartments
5.0
267 South Main St Memphis, TN
Studio - 2 BR | Ask for Availability
Contact
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
8
$775 - 1,100
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
5
$585 - 775
Summer Trace Apartments
6015 Summer Trace Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Dishwasher
Pool
5
$1,057
Monticello Apartments
6625 Monticello Lane Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Section 8
Covered Parking
31
$895 - 1,070
The District
6420 Knight Arnold Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
23
$1,124 - 1,250
Legends Park Apartments
3.6
198 N Pauline St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
9
$715
6621 Lake Valley Drive
Memphis, TN
3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
House
Air Conditioning
9
$650 - 1,284
Southwind Lakes
8210 Storr Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Section 8
11
$900
4748 Harvest Park Drive
Memphis, TN
3 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
511 - 540 of 606 Results
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  3. Apartments Under $1,200
Frequently Asked Questions

How many apartments under $1,200 are available in Memphis, TN on Rentable.co?

There are 606 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 164 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 2,154 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 3,499 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. Orange Mound
  3. South Forum
  4. New Chicago
  5. Cooper-Young

Apartments Under $1,200 in Memphis, TN: January 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 12 25 37 50 <$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 $1,100, with the majority falling between $630 and $1,700. Out of the 3,599 one-bedroom apartments currently on the market in Memphis, 2,087 are priced below $1,200, accounting for 58% of the total available one-bedroom units in Memphis.

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

Memphis, TN
West Memphis, AR
Marion, AR
Southaven, MS
Robinsonville, MS
Horn Lake, MS
Cordova, TN
Millington, TN
554
9
7
6
4
3
3
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 January, 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 644 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 January M/M % Change
Memphis, TN 555 +0.95%
West Memphis, AR 9 +1.0%
Marion, AR 7 +1.07%
Southaven, MS 7 +1.0%
Robinsonville, MS 4 +1.0%
Horn Lake, MS 3 +1.09%
Cordova, TN 3 +0.67%
Millington, TN 3 +0.57%
Walls, MS 3 +1.33%
Collierville, TN 2 +0.43%

Looking for Apartments Under $1,200 in Memphis?

Available apartments under $1,200 6,284
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 305
Pet friendly 914
Utilities included 224
Furnished 46
1 Bedroom 441
2 Bedroom 591
3 Bedroom 228
Square footage 335 - 1,309

Where are Memphis Apartments Under $1,200?

Top Neighborhoods Voillintine-evergreen, Orange mound, South forum, New chicago, Cooper-young
Voillintine-Evergreen 7
Orange Mound 4
South Forum 3
New Chicago 3
Cooper-Young 3
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