What's the average rent in Memphis, IN?
Rental Market Trends in Memphis, IN
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SOURCE: TRULIA DATA
Rental market highlights
As of June 2026, the average rent in Memphis, IN is $1,829 per month, which is 5% lower than the national average rent of $1,930 per month.
AVERAGE RENT
$1,829
103.2%$929 increase month-over-month
4.0%$70 increase year-over-year
AVAILABLE RENTALS
4
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,811 |
| 4 Bedrooms | $2,650 |
| All | $1,829 |
As of June 2026, the average rent for a 2 bedroom rental in Memphis, IN is $950 per month, followed by $1,811 for a 3 bedroom rental, and $2,650 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $950 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $950 |
As of June 2026, the average rent for a 2 bedroom apartment in Memphis, IN is $950 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,811 |
| 4 Bedrooms | $2,650 |
| All | $2,124 |
As of June 2026, the average rent for a 3 bedroom house in Memphis, IN is $1,811 per month, followed by $2,650 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -53% compared to the previous year, which is a $1,120 decrease.
This year (2026)
Last year (2025)
Rent distribution
60% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $950 to $2,450.
