Apartments for Rent in Memphis, TN under $1200
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Rent specials 4 units available1 bd $1,140+Total monthly cost4.5 (46)330 N. Humphreys Blvd, Memphis, TN 38120Apply online • Pet friendly • Parking
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Rent specials 7 units available1 bd $988+2 bd $1,159+Base rent4.0 (18)8293 George Brett Dr, Cordova, TN 38018Apply online • Pet friendly • Fitness center
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Rent specials 31 units available1 bd $786+2 bd $1,110+Base rent4.0 (82)6355 Briar Patch Lane, Memphis, TN 38115Apply online • Pet friendly • Fitness center
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Rent specials 6 units available1 bd $1,119+Total monthly cost3.5 (13)1392 Equestrian Drive, Cordova, TN 38016Apply online • Pet friendly • Parking
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Rent specials Only 2 units left1 bd $1,184Total monthly cost4.5 (10)495 Tennessee Street, Memphis, TN 38103Apply online • Pet friendly • Fitness center
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4 units available1 bd $1,152+Total monthly cost5.0 (25)1730 Hunters Trace Dr, Memphis, TN 38120Apply online • Pet friendly • Parking
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23 units available1 bd $773+2 bd $866+Total monthly cost4.5 (43)4981 Hidden Lake Drive, Memphis, TN 38128Apply online • Pet friendly • Parking
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Rent specials 11 units available1 bd $823+2 bd $1,165+Base rent4.0 (37)3251 Knight Trails Circle, Memphis, TN 38115Apply online • Pet friendly • Parking
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Rent specials Only 3 units left1 bd $1,121+Base rent4.5 (33)6939 Dusty Trail Ln, Memphis, TN 38133Apply online • Pet friendly • Pool
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Rent specials 15 units available1 bd $913+2 bd $941+Base rent4.0 (98)2165 E. River Trace Dr., Memphis, TN 38134Apply online • Pet friendly • Fitness center
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Rent specials Only 3 units left1 bd $975Total monthly cost5.0 (1)711 N. Front Street, Memphis, TN 38107Apply online • Pet friendly • Air conditioner
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Rent specials 12 units available1 bd $837+2 bd $1,074+Base rent4.5 (58)6420 Knight Arnold Rd, Memphis, TN 38115Apply online • Pet friendly • Fitness center
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Rent specials 27 units available1 bd $810+2 bd $905+Base rent3.5 (15)3427 Southern Avenue, Memphis, TN 38111Apply online • Pet friendly • Dishwasher
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12 units availableStudio $894+1 bd $893+Base rent4.0 (4)1391 Court Avenue, Memphis, TN 38104Apply online • Pet friendly • Dishwasher
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Rent specials 13 units available1 bd $1,069+Total monthly cost3.0 (2)8285 Irene Blvd., Memphis, TN 38125Apply online • Pet friendly • Parking
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26 units available1 bd $1,140+Total monthly cost645 North Front Street, Memphis, TN 38107Apply online • Pet friendly • Dishwasher
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Rent specials Only 3 units left1 bd $1,135+Total monthly cost8546 Prestine Loop, Cordova, TN 38018Apply online • Pet friendly • Air conditioner
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Studio $1,110Total monthly cost130 S Front Street, Memphis, TN 38103Apply online • Pet friendly • Fitness center
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Studio $858+1 bd $952+Base rent4.5 (41)70 S 4Th St., Memphis, TN 38103Apply online • Pet friendly • Parking
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Rent specials 16 units available1 bd $749+2 bd $782+3 bd $861+Base rent4.0 (371)3471 W Briarpark Dr, Memphis, TN 38116Apply online • Pet friendly • Dishwasher
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Rent specials 23 units available1 bd $836+2 bd $925+Total monthly cost4.5 (7)2460 Vintage Drive, Cordova, TN 38016Apply online • Pet friendly • Fitness center
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Rent specials 64 units available1 bd $750+2 bd $999+Base rent4.0 (31)3048 Moriah Trail, Memphis, TN 38115Apply online • Pet friendly • Parking
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Rent specials 12 units available1 bd $837+2 bd $1,074+Base rent4.5 (58)6420 Knight Arnold Rd, Memphis, TN 38115Apply online • Pet friendly • Fitness center
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Rent specials 16 units available1 bd $1,085+Total monthly cost4.0 (26)100 Riverset Lane, Memphis, TN 38103Apply online • Pet friendly • Fitness center
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Rent specials 51 units available1 bd $1,000+2 bd $1,138+Total monthly cost1810 W Wolfchase Cir, Memphis, TN 38016Apply online • Pet friendly • Parking
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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?
The best apartments in Memphis, TN are: Bristol On Union Apartment Homes, Madison Shelby Farms, The Vale Apartments and Townhomes, The Nova Apartments and Appling Lakes.
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.