
3 Bedroom Apartments for Rent in Memphis, IN (44 Rentals)


The Laurel

The Bend

The Courtyard Apartments

The Flats of River Ridge

The Warren Apartments

Arbour Place Apartments

Heritage Square
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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Slate

Armstrong Farm

Forest Edge Apartments

Total Monthly Price
Lakeview Apartments

Parkside Trace Apartments

Lakeside Gardens

Colonial Village Apartments

Total Monthly Price
Meadows at Green Tree
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Total Monthly Price
Nicholas Landing

Charlestown Flats

2026 Prestwick Pl

3818 Bank St

1722 Beechwood Ave

2547 Bank St

831 Meigs Ave

1104 Lighthouse Dr
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313 Hawthorne Dr

630 Lane Ave

344 Berkley Rd

4609 Brush College Rd

1709 Ekin Ave

12115 Pinta Pl

304 Jackson Way

1026 Sweet Amy Wy
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3133 Murr Ln

7307 Meyer Loop

2020 Greentree N

2022 Greentree N

1182 Park-Land Trl

2038 Harmony Ln

2034 Harmony Ln

2026 Prestwick Pl
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

6100 Passionflower Dr

Foxtail Pointe

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 | $1,173 | $1,026 | $1,266 |
| Memphis 1 Bedroom Apartments | $1,200 | $200 | $1,535 |
| Memphis 2 Bedroom Apartments | $1,312 | $845 | $2,296 |
Memphis 3 Bedroom Apartments | $1,619 | $1,218 | $1,885 |
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Memphis, IN Local Guide
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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 Oak Park neighborhood and is 1,525 square feet priced from $1,620. The Slate in the Southern Indiana neighborhood 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 | $1,620 |
| The Slate | 3 bed, 2 bath | 1,525 Sq Ft | $1,820 |
| 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 |
| Courtyard Apartments | 3.1 | 1,260 Sq Ft | $1,407 |
| The Laurel | D2- Willow | 1,240 Sq Ft | $1,635 |
| Lakeview Apartments | 3 BEDROOM 2 BATHROOM | 1,201 Sq Ft | $1,369 |
| Armstrong Farm | 3 Bed | 2 Bath | 1,150 Sq Ft | $1,357 |
| Charlestown Flats | Three Bedroom Flat | 1,075 Sq Ft | $1,384 |
| Nicholas Landing | Three Bedroom | 0 Sq Ft | $1,496 |
Cheapest Available Memphis and Nearby 3 Bedroom Apartments
As of March 21, 2026 the lowest priced 3 Bedroom apartment unit in Memphis, IN is the 3 Bed | 2 Bath Model starting from $1,357 at Armstrong Farm in the Oak Park neighborhood. The second most affordable Memphis 3 Bedroom is the 3 BEDROOM 2 BATHROOM Model at Lakeview Apartments starting at $1,369 in the Southern Indiana neighborhood. The average price for all 3 Bedroom apartments in Memphis is currently $1,619. Here is today’s list of the cheapest available 3 Bedroom options in Memphis:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Armstrong Farm | 3 Bed | 2 Bath | $1,357 |
| Lakeview Apartments | 3 BEDROOM 2 BATHROOM | $1,369 |
| Charlestown Flats | Three Bedroom Flat | $1,384 |
| The Courtyard Apartments | 3.1 | $1,407 |
| Parkside Trace Apartments | 3 BEDROOM 2 BATHROOM | $1,429 |
| Nicholas Landing | Three Bedroom | $1,496 |
| Lakeside Gardens | 3 bed, 2 bath | $1,620 |
| The Laurel | D2- Willow | $1,635 |
| The Slate | 3 bed, 2 bath | $1,820 |
| The Warren Apartments | 3 Bed, 2 Bath | $1,850 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe 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 ArticleQuick Rent Budget Calculator
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 $1,619.
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 $1,620 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 1,635 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.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.