Cheap Apartments for Rent in Memphis, IN

1 rentals

  • 12015 Timberfield Ct, Sellersburg, IN 47172
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    PET FRIENDLY
    0.52 ACRES
    $2,015/mo
    3 Beds
    2 Baths
    1,336 sqft
    12015 Timberfield Ct,
    Sellersburg, IN 47172

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Apartments For Rent Near Memphis, IN

We found 30 more apartments matching your filters just outside Memphis

Average Rent Trends in Memphis, IN

Rent in Memphis, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Apr 2026.
MonthAverage rent
Jun 2025$2,120
Jul 2025$2,070
Aug 2025$850
Oct 2025$1,000
Feb 2026$1,600
Mar 2026$1,850
Apr 2026$2,240
May 2026$900
Jun 2026$1,000
Jul 2026$2,068
Aug 2026$1,300
Sep 2026$950
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Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$950$2,066—$950
Apartments and Condos—$950——$950
Houses——$2,066—$2,066
See more information about local market trends in Memphis, IN

Frequently Asked Questions about Rentals in Memphis, IN

  • 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 51% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Memphis, IN?
    Last year, the cheapest month to find an apartment to rent was Aug 2025 when it was $850 per month.
  • When is the average rent most expensive in Memphis, IN?
    In the last year, the average rent in Memphis, IN was highest in Jun 2025 when it was $2,120 per month.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Memphis, IN - 2,460 Rentas | Trulia