
3 Bedroom Apartments for Rent in Memphis, TN Under $1,200 (130 Rentals) Page 2 of 3


The Meridian Apartments

Luxe at Raleigh

Regency at Raleigh

Springdale Creek Apartments

Ruby Oaks Apartments

Owens Place Townhomes

Bickford Square Apartments

Weaver Fields Apartments

Renaissance at Steele
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

2168 Carnes Ave

3191 Parham St

452 Delta Rd

2298 Dells Ave

1549 Patton St

3203 Aden St

44 N Belvedere Blvd

1278-1280 Saxon Ave

216 N Hollywood St

Carriage House
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

Festival Square Apartments

Harmony Woods

Cherry Gardens

Ivy Chase Apartments

Rolling Hills Apartments

April Woods

Camellia - Magnolia Gardens Apartments

Cavelier Court Apartments

Valley Forge

Yugo Memphis Southern
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Harold Ford Senior Villas

Pineland Apartments

Beacon Manor

Greenbriar Apartments

Southwood Townhouses

Breezy Point Apartments

Presidential West Apartments

Pontotoc Gardens

Alpha Renaissance Apartments

Eastern Heights
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Beverly Springs

Summit Park Apartments

Cleaborn Pointe at Heritage Senior Apartments

Pershing Park Apartments

Cane Creek Apartments

Lakeville Townhomes

Gospel Gardens

River City Heights Townhomes

Oak Ridge Apartments

Cooper-Young Apartments
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 | $1,047 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,151 | $450 | $2,842 |
| Memphis 2 Bedroom Apartments | $1,266 | $562 | $5,900 |
| Memphis 3 Bedroom Apartments | $1,687 | $600 | $4,085 |
| Memphis 4 Bedroom Apartments | $1,316 | $599 | $2,640 |
Explore Memphis
Frequently Asked Questions about 3 Bedroom Memphis Apartments
What is the Cheapest apartment in Memphis with 3 Bedroom?
Currently the most affordable 3 Bedroom in Memphis is at Creekside Meadows listed at $825.
How much is the average rent for a 3 Bedroom Memphis Apartment?
The average rent for a 3 Bedroom Apartment in Memphis is $1,687.
What is the largest available 3 Bedroom Memphis Apartment for rent?
Today's apartment with the most square footage in Memphis is a 2,822 square feet unit starting from $3,072 at Indigo Riverview.
What is the average size for Memphis 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Memphis is currently 1,435 sq ft.
Expert Rental Resources
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.
Helpful Local Expert Guides

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
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Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
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Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.