Cheap Apartments for Rent in Memphis, IN

1 rentals

  • 13205 Starlight Ct, Memphis, IN 47143
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    PET FRIENDLY
    $2,160/mo
    3 Beds
    2 Baths
    1,386 sqft
    13205 Starlight Ct,
    Memphis, IN 47143

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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 increased in Apr 2026 compared to the previous month. Rent previously peaked in Apr 2026.
MonthAverage rent
Jan 2025$1,880
Feb 2025$1,880
Mar 2025$1,880
Apr 2025$1,000
May 2025$2,100
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
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Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$900$2,160—$900
Townhomes—$900——$900
Houses——$2,160—$2,160
See more information about local market trends in Memphis, IN

Frequently Asked Questions about Rentals in Memphis, IN

  • What is the average rent in Memphis, IN?
    The average rent in Memphis, IN is $900. Rent prices range from $900 to as much as $2,160, depending on the type of rental.
  • How does the rent in Memphis, IN compare to the national average?
    Average rent in Memphis, IN is about 53% lower than the national average rent of $1,910. That means it is less expensive to rent in Memphis compared to the U.S. average.
  • What is the average rent in Memphis, IN, by number of bedrooms?
    The average rent in Memphis, IN is $ for a studio, $ for a 1 bedroom, $900 for a 2 bedroom, $2,160 for a 3 bedroom, and $ for a 4 bedroom.
  • How have rent prices in Memphis, IN changed compared to last year?
    In the past year, the average rent price in Memphis, IN has decreased by $1,200. That means the average rent is 133% lower than last year.
  • How many available rental listings are in Memphis, IN?
    There are 2 available rental listings 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.