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Apartments for Rent in Memphis, TN under $1200


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  • Rent specials 4 units available
    1 bd $1,140+
    Total monthly cost
    Verified Listing

    Madison Shelby Farms

    4.5 (46)
    330 N. Humphreys Blvd, Memphis, TN 38120
    Apply online • Pet friendly • Parking
  • Rent specials 7 units available
    1 bd $988+
    2 bd $1,159+
    Base rent
    4.0 (18)
    8293 George Brett Dr, Cordova, TN 38018
    Apply online • Pet friendly • Fitness center
  • Rent specials 31 units available
    1 bd $786+
    2 bd $1,110+
    Base rent
    Verified Listing

    The Nova Apartments

    4.0 (82)
    6355 Briar Patch Lane, Memphis, TN 38115
    Apply online • Pet friendly • Fitness center
  • Rent specials 6 units available
    1 bd $1,119+
    Total monthly cost
    Verified Listing

    Appling Lakes

    3.5 (13)
    1392 Equestrian Drive, Cordova, TN 38016
    Apply online • Pet friendly • Parking
  • Rent specials Only 2 units left
    1 bd $1,184
    Total monthly cost
    4.5 (10)
    495 Tennessee Street, Memphis, TN 38103
    Apply online • Pet friendly • Fitness center
  • 4 units available
    1 bd $1,152+
    Total monthly cost
    Verified Listing

    The Edge Of Germantown

    5.0 (25)
    1730 Hunters Trace Dr, Memphis, TN 38120
    Apply online • Pet friendly • Parking
  • 23 units available
    1 bd $773+
    2 bd $866+
    Total monthly cost
    Verified Listing

    The Summit Apartments

    4.5 (43)
    4981 Hidden Lake Drive, Memphis, TN 38128
    Apply online • Pet friendly • Parking
  • Rent specials 11 units available
    1 bd $823+
    2 bd $1,165+
    Base rent
    Verified Listing

    The Local Apartments

    4.0 (37)
    3251 Knight Trails Circle, Memphis, TN 38115
    Apply online • Pet friendly • Parking
  • Rent specials Only 3 units left
    1 bd $1,121+
    Base rent
    4.5 (33)
    6939 Dusty Trail Ln, Memphis, TN 38133
    Apply online • Pet friendly • Pool
  • Rent specials 15 units available
    1 bd $913+
    2 bd $941+
    Base rent
    Verified Listing

    The Stella Apartments

    4.0 (98)
    2165 E. River Trace Dr., Memphis, TN 38134
    Apply online • Pet friendly • Fitness center
  • Rent specials Only 3 units left
    1 bd $975
    Total monthly cost
    5.0 (1)
    711 N. Front Street, Memphis, TN 38107
    Apply online • Pet friendly • Air conditioner
  • Rent specials 12 units available
    1 bd $837+
    2 bd $1,074+
    Base rent
    Verified Listing

    The District Apartments

    4.5 (58)
    6420 Knight Arnold Rd, Memphis, TN 38115
    Apply online • Pet friendly • Fitness center
  • Rent specials 27 units available
    1 bd $810+
    2 bd $905+
    Base rent
    Verified Listing

    The Junction

    3.5 (15)
    3427 Southern Avenue, Memphis, TN 38111
    Apply online • Pet friendly • Dishwasher
  • 12 units available
    Studio $894+
    1 bd $893+
    Base rent
    Verified Listing

    The Courts Midtown

    4.0 (4)
    1391 Court Avenue, Memphis, TN 38104
    Apply online • Pet friendly • Dishwasher
  • Rent specials 13 units available
    1 bd $1,069+
    Total monthly cost
    Verified Listing

    Park At Forest Hill

    3.0 (2)
    8285 Irene Blvd., Memphis, TN 38125
    Apply online • Pet friendly • Parking
  • 26 units available
    1 bd $1,140+
    Total monthly cost
    645 North Front Street, Memphis, TN 38107
    Apply online • Pet friendly • Dishwasher
  • Rent specials Only 3 units left
    1 bd $1,135+
    Total monthly cost
    Verified Listing

    Trailside At Greenline

    8546 Prestine Loop, Cordova, TN 38018
    Apply online • Pet friendly • Air conditioner
  • Studio $858+
    1 bd $952+
    Base rent
    Verified Listing

    Fielder Square

    4.5 (41)
    70 S 4Th St., Memphis, TN 38103
    Apply online • Pet friendly • Parking
  • Rent specials 16 units available
    1 bd $749+
    2 bd $782+
    3 bd $861+
    Base rent
    Verified Listing

    Creekside Meadows

    4.0 (371)
    3471 W Briarpark Dr, Memphis, TN 38116
    Apply online • Pet friendly • Dishwasher
  • Rent specials 23 units available
    1 bd $836+
    2 bd $925+
    Total monthly cost
    Verified Listing

    Lincoln At Wolfchase

    4.5 (7)
    2460 Vintage Drive, Cordova, TN 38016
    Apply online • Pet friendly • Fitness center
  • Rent specials 64 units available
    1 bd $750+
    2 bd $999+
    Base rent
    4.0 (31)
    3048 Moriah Trail, Memphis, TN 38115
    Apply online • Pet friendly • Parking
  • Rent specials 12 units available
    1 bd $837+
    2 bd $1,074+
    Base rent
    Verified Listing

    The District Apartments

    4.5 (58)
    6420 Knight Arnold Rd, Memphis, TN 38115
    Apply online • Pet friendly • Fitness center
  • Rent specials 16 units available
    1 bd $1,085+
    Total monthly cost
    Verified Listing

    Riverset Apartments

    4.0 (26)
    100 Riverset Lane, Memphis, TN 38103
    Apply online • Pet friendly • Fitness center
  • Rent specials 51 units available
    1 bd $1,000+
    2 bd $1,138+
    Total monthly cost
    Verified Listing

    Enclave At Wolfchase

    1810 W Wolfchase Cir, Memphis, TN 38016
    Apply online • Pet friendly • Parking
  • 110-0-city

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Frequently asked questions

When were prices and availability in Memphis, TN last updated?

Prices and availability in Memphis, TN were last updated on 12 Nov 2026.

What are the best apartments in Memphis, TN?
What type of rental buildings are in Memphis, TN?

In Memphis, 55% of the residents are renting compared to 45% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Memphis's rentals, 50% are small-scale complexes with under 50 units, and 39% are single-family rentals.

Apartments in Memphis, TN under $1,200

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,200?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 976 apartments for rent in Memphis, TN on which you’ll spend less than $1,200. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,200

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,200. The average rental size in Memphis, TN is 925 Sqft, but the $1,200 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.