Cheap Houses for Rent in Memphis, IN

5 rentals

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 for a house decreased in Nov 2026 compared to the previous month. Rent for houses peaked in Oct 2025.
MonthAverage rent
Aug 2025$2,038
Oct 2025$2,750
Feb 2026$1,600
Mar 2026$1,850
Apr 2026$2,240
May 2026$2,160
Jun 2026$2,096
Jul 2026$2,068
Aug 2026$1,300
Sep 2026$2,082
Oct 2026$2,200
Nov 2026$1,900
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types——$1,920—$1,923
Houses——$1,920—$1,920

Frequently Asked Questions about Houses for rent in Memphis, IN

  • What is the average rent of a house in Memphis, IN?
    The average rent of a house in Memphis, IN is $1,920 per month. This is about 1% lower than the national average.
  • What are the cheapest months to find a house to rent in Memphis, IN?
    Last year, the cheapest month to find a house to rent was Apr 2025 when it was $1,000 per month.
  • How many cheap houses are available in Memphis, IN?
    There are 3 houses to rent that are cheaper than the city’s average rent of $1,920.
  • When is the average rent for a house most expensive in Memphis, IN?
    In the last year, the average rent in Memphis, IN was highest in Oct 2025 when it was $2,750 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.