Top Rated Apartments for Rent in Memphis, TN Under $1,200 (72 Rentals)

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Apartments in Memphis with the best features, newest construction, and richest amenities.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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.

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The Wyndham Apartments
1 to 2 Bedroom Apartments

The Wyndham Apartments

7542 Legacy DrMemphis, TN 38119
Property Rating
  • Smoke Free
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Number 10 Main
1 to 2 Bedroom Apartments

Number 10 Main

10 S Main StMemphis, TN 38103
Property Rating
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Van Vleet Flats
1 to 2 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
Property Rating
  • Utilities Included
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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
Property Rating
  • Utilities Included
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Radio Center Flats
1 to 2 Bedroom Apartments

Radio Center Flats

66 S Main StMemphis, TN 38103
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Patterson Flats
1 to 3 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
Property Rating
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lyons Ridge Apartments
1 to 2 Bedroom Apartments

Lyons Ridge Apartments

1633 Pennsylvania StMemphis, TN 38109
Property Rating
  • Utilities Included
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Champaign Place
1 Bedroom Apartments

Champaign Place

2715 Cherry RdMemphis, TN 38118
Property Rating
  • Utilities Included
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The Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
Property Rating
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Memphis, TN Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Memphis, TN Rentals by Map

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See the most popular apartments and homes in Memphis, TN

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Memphis, TN Apartments Map
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Memphis, TN Rental Homes Map

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 655 Studio Apartments in Memphis with rent ranges from $549 to $7,990 with an average price of $3,525.

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 $495 to $2,850 with an average monthly rent of $1,164.

What does renting a Two Bedroom Apartment in Memphis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $598 to $6,500. Today's average rental price for Two Bedrooms here is $1,321.

How expensive are Memphis Three Bedroom Apartments?

There are currently 382 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $698 to $4,172 - averaging $1,700 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.

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Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.