What is the average rent of an apartment in Memphis, IN?

The average rent of an apartment in Memphis, IN is $950 per month. This is about 52% lower than the national average.

When is the average rent for an apartment cheapest in Memphis, IN?

In the last year, the average rent in Memphis, IN was lowest in Oct 2025 when it was $1,000 per month.

In the last year, the average rent in Memphis, IN was highest in Oct 2025 when it was $1,000 per month.

There are 1 available apartments or condos to rent in Memphis, IN.

Memphis, IN includes zip codes such as: 47143 .

Some nearby cities include: Sellersburg , Henryville , Otisco , Charlestown , New Providence . These cities may have more rental options to explore.

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APPLY INSTANTLY
PET FRIENDLY
$950/mo
2 Beds
1 Bath
950 sqft
117 Court St #2,
Memphis, IN 47143
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Memphis
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Apartments For Rent Near Memphis, IN

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SPECIAL OFFER
PET FRIENDLY
$1,174 - $1,230/mo
Total price
2 Beds
2 Baths
Greenbrier Apartments | 9007 Camp Run Pkwy,
Sellersburg, IN 47172
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PET FRIENDLY
$1,185 - $1,725/mo
1-2 Beds
1-3 Baths
Heritage Square | 8635 Old Highway 60,
Sellersburg, IN 47172
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SPECIAL OFFER
PET FRIENDLY
$1,150 - $1,200/mo
2 Beds
2 Baths
Plum Ridge Apartments | 8500 Westmont Dr,
Sellersburg, IN 47172
Contact for price
1 Bed
1 Bath
8000 Westmont Dr #758fa9ad7,
Sellersburg, IN 47172
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PET FRIENDLY
$1,095/mo
2 Beds
2 Baths
1000 Somerset Ct #602,
Sellersburg, IN 47172
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PET FRIENDLY
$1,088 - $1,345/mo
2-3 Beds
1-2 Baths
Foxtail Pointe | 8810 Old Hwy,
Sellersburg, IN 47172
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SPECIAL OFFER
PET FRIENDLY
$937/mo
1 Bed
1 Bath
7722 Old Highway 60 #38,
Sellersburg, IN 47172

Rent in Memphis, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.

Average rent for a apartment decreased in Jun 2026 compared to the previous month. Rent for apartments peaked in Oct 2025.

Month	Average rent
Oct 2025	$1,000
Jun 2026	$950

View as a graph

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	—	$1,300	$2,125	—	$1,300
Apartments and Condos	—	$950	—	—	$950
Houses	—	$1,300	$2,125	—	$1,300

What is the average rent of an apartment in Memphis, IN?
The average rent of an apartment in Memphis, IN is $950 per month. This is about 52% lower than the national average.
When is the average rent for an apartment cheapest in Memphis, IN?
In the last year, the average rent in Memphis, IN was lowest in Oct 2025 when it was $1,000 per month.
When is the average rent for an apartment most expensive in Memphis, IN?
In the last year, the average rent in Memphis, IN was highest in Oct 2025 when it was $1,000 per month.
How many apartments or condos are available to rent in Memphis, IN?
There are 1 available apartments or condos to rent in Memphis, IN.
What are some zip codes in Memphis, IN?
Memphis, IN includes zip codes such as: 47143.
What are some cities near Memphis, IN?
Some nearby cities include: Sellersburg, Henryville, Otisco, Charlestown, New Providence. These cities may have more rental options to explore.