Find 156 three-bedroom houses for rent in Memphis, TN. A three-bedroom house is a unit with three distinct bedrooms that share a common area and kitchen. Depending on the floor plan, each room may share or have its own bathroom. If roommates split the cost of a three-bedroom rental, it can be a very affordable option. Additionally, units with more bedrooms typically offer a larger living space, allowing renters to make room for shared furniture or host guests. Finding cost-effective living options in Memphis, TN is made easier with 156 houses for rent under $1,200. These budget-friendly rental options offer a variety of floor plans and amenities while adhering to your financial preferences. Opting for a house under $1,200 in Memphis means enjoying a balanced lifestyle where price does not compromise the quality of living.