
Apartments for Rent in Memphis, TN Under $1,200 (528 Rentals)


South Junction Apartments

The Melrose Midtown

Centennial Gardens

Bonsai at Central Gardens

Gayoso House at Peabody Place | Apartments

Element at Midtown

Court Square Apartments

Yugo Memphis Southern

Azure Place Apartments

Fieldstone

Arbors of Century Center

Greenbrook at Shelby Farms

Uptown Square Apartments

Conwood Flats

The Landing Residences

Tiger Estates

Greenline Apartments

The Citizen Apartments

Legacy on Lynnfield

Courtyard @ Ironworks

Downtown Memphis Flats

The Park at Forest Hill

Kings Reserve Memphis

Canterbury Woods Apartments

Fielder Square

Art Lofts @ Overton

The Villas at Germantown

The Tennessee Brewery

South Line at Central Station

The Brooklyn

Tanglewood

The Bowery

Riverset Apartments

The Trails at Mt. Moriah

Stone Ridge at Germantown Falls

The PULSE Apartments-Utilities included

New Horizon - Kingsgate

The Residences at Lakeview

The Marine Residence
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments Under $1200 | $1,165 | $200 | $8,000 |
Memphis 1 Bedroom Apartments Under $1200 | $1,328 | $200 | $5,559 |
Memphis 2 Bedroom Apartments Under $1200 | $1,507 | $450 | $8,242 |
Memphis 3 Bedroom Apartments Under $1200 | $2,020 | $789 | $8,165 |
Memphis 4 Bedroom Apartments Under $1200 | $2,056 | $599 | $6,870 |
Memphis 5 Bedroom Apartments | $5,462 | $2,495 | $8,470 |
Browse Top Apartments in Memphis
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Memphis, TN Local Guide
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Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Memphis
How much are Studio apartments in Memphis?
There are currently 118 Studio Apartments in Memphis with rent ranges from $200 to $8,000 with an average price of $1,165.
What is the current price range for One Bedroom Memphis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Memphis ranges from $200 to $5,559 with an average monthly rent of $1,328.
What does renting a Two Bedroom Apartment in Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $450 to $8,242. Today's average rental price for Two Bedrooms here is $1,507.
How expensive are Memphis Three Bedroom Apartments?
There are currently 398 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $789 to $8,165 - averaging $2,020 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.