
3 Bedroom Apartments for Rent in Memphis, IN (38 Rentals)


Total Monthly Price
The Laurel

The Bend

The Warren Apartments

Arbour Place Apartments

Heritage Square

Lakeview Apartments

The Slate

Armstrong Farm
Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky
There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

Forest Edge Apartments

Parkside Trace Apartments

Lakeside Gardens

The Flats of River Ridge

Meadows at Green Tree

Colonial Village Apartments

Nicholas Landing

Charlestown Flats

Foxtail Pointe
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Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

12015 Timberfield Ct

1676 E Radio Tower Rd

522 N 29th St

2787 Charlestown Rd

1104 Lighthouse Dr

1834 Culbertson Ave

4617 Kirk Ln

2067 Paddle Wheel Ct

1926 1/2 2nd St
Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

625 Main St

623 Main St

621 Goyne Ave

4609 Brush College Rd

2201 Hall Ln

2022 Greentree N

2311 Fallsview Rd

9215 Eminence Ct

2035 Prestwick Pl
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

Koehler Springs

Williams Crossing Townhomes
Memphis, IN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,158 | $1,026 | $1,266 |
| Memphis 1 Bedroom Apartments | $1,215 | $200 | $1,579 |
| Memphis 2 Bedroom Apartments | $1,331 | $497 | $2,296 |
Memphis 3 Bedroom Apartments | $1,723 | $1,088 | $1,955 |
Browse Top Apartments in Memphis
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Memphis, IN Local Guide
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- School Districts
Largest Available Memphis and Nearby 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in Memphis, IN is found at Lakeside Gardens in the Jeffersonville neighborhood and is 1,525 square feet priced from $1,721. The Slate has the second largest 3 Bedroom, which is sized at 1,525 square feet and currently listed start at $1,820. Here is today’s list of the largest available 3 Bedroom units in Memphis:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Lakeside Gardens | 3 bed, 2 bath | 1,525 Sq Ft | $1,721 |
| The Slate | 3 bed, 2 bath | 1,525 Sq Ft | $1,820 |
| Arbour Place Apartments | 3 Bed, 2 Bath | 1,525 Sq Ft | $1,850 |
| The Warren Apartments | 3 Bed, 2 Bath | 1,525 Sq Ft | $1,850 |
| Parkside Trace Apartments | 3 BEDROOM 2 BATH NEW CONSTRUCTION | 1,350 Sq Ft | $1,429 |
| The Laurel | D2- Willow | 1,240 Sq Ft | $1,708 |
| Nicholas Landing | Three Bedroom | 1,177 Sq Ft | $1,395 |
| Armstrong Farm | 3 Bed | 2 Bath | 1,150 Sq Ft | $1,598 |
| Charlestown Flats | Three Bedroom Flat | 1,075 Sq Ft | $1,384 |
Cheapest Available Memphis and Nearby 3 Bedroom Apartments
As of September 01, 2026 the lowest priced 3 Bedroom apartment unit in Memphis, IN is the Three Bedroom Flat Model starting from $1,384 at Charlestown Flats in the Outer Southern Indiana Clark County neighborhood. The second most affordable Memphis 3 Bedroom is the Three Bedroom Model at Nicholas Landing starting at $1,395 in the Clarksville neighborhood. The average price for all 3 Bedroom apartments in Memphis is currently $1,723. Here is today’s list of the cheapest available 3 Bedroom options in Memphis:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Charlestown Flats | Three Bedroom Flat | $1,384 |
| Nicholas Landing | Three Bedroom | $1,395 |
| Parkside Trace Apartments | 3 BEDROOM 2 BATHROOM | $1,429 |
| Armstrong Farm | 3 Bed | 2 Bath | $1,598 |
| Lakeside Gardens | 3 bed, 2 bath | $1,616 |
| The Laurel | D2- Willow | $1,708 |
| The Slate | 3 bed, 2 bath | $1,820 |
| Arbour Place Apartments | 3 Bed, 2 Bath | $1,850 |
| The Warren Apartments | 3 Bed, 2 Bath | $1,850 |
The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, IN Rentals by Map
See the most popular apartments and homes in Memphis, IN
Frequently Asked Questions about 3 Bedroom Memphis Apartments
How much is the average rent for a 3 Bedroom Memphis Apartment?
The average rent for a 3 Bedroom Apartment in Memphis is $1,723.
What is the largest available 3 Bedroom Memphis Apartment for rent?
Today's apartment with the most square footage in Memphis is a 1,525 square feet unit starting from $1,721 at Lakeside Gardens.
What is the average size for Memphis 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Memphis is currently 1,625 sq ft.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky
Written by: Mike Heuer
Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers
Written by: Mike Heuer
Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.

The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters
Written by: Mike Heuer
Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.
Articles, How-To's, and Tips

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.