Cheap Apartments for Rent in Memphis, IN from $400 (19 Rentals)

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Foxtail Pointe
2 to 3 Bedroom Apartments

Foxtail Pointe

8614 Highway 60Sellersburg, IN 47172
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Arbor Place Apartments
1 to 2 Bedroom Apartments

Arbor Place Apartments

200 Arbor PlNew Albany, IN 47150
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Showing Results 1-19, Page 1 of 1

Memphis, IN Local Guide

Cheapest Available Memphis Apartments for Rent and Nearby

 

The cheapest available apartment rental in Memphis, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Courtyard Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $828. Here is today’s list of the most affordable Memphis apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Courtyard Apartments2.1A2BR,1BA$828
Willow RunOne Bed One Bath1BR,1BA$894
Clarksville Lofts1 br small1BR,1BA$900
Meadows at Green Tree2 Bedroom/1.5 Bath2BR,1BA$985

Best Value Apartments for Rent in Memphis, IN and Nearby

As of September 09, 2025 the best value apartment in the Memphis area is the $1.12 price per square foot The Sequoia Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,395. The second greatest value Memphis apartment is the Two Bed Model at Plum Ridge Apartments starting at $1,200 with a $1.05 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Edge ApartmentsThe Sequoia2BR,2BA$1.12
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.05
Lakeview Apartments2 BEDROOM 2 BATHROOM B2BR,2BA$1.12
Carrington Place Apartments2 BEDROOM 1 BATHROOM2BR,1BA$1.10
The Commons Apartments2 BEDROOM COMMONS2BR,2BA$1.23
Nicholas LandingTwo Bedroom2BR,2BA$1.15
Holmans Crossing Apartments2Bedroom/2Bathroom 986 sqft (1st or 2nd floor)2BR,2BA$1.11
Renaissance Park ApartmentsNew Construction Two Bedroom Two Bathroom2BR,2BA$1.22
Courtyard Apartments2.1B2BR,1BA$1.09
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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Getting Around Memphis, IN

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

24 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Memphis Apartments

How much is rent for a Cheap One Bedroom Memphis Apartment?

The lowest price for a Cheap One Bedroom Memphis Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.

What is the lowest price for a Cheap Two Bedroom Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Memphis is starting from $828 at Courtyard Apartments.

What is the most affordable Memphis Three Bedroom Apartment?

The best deal on a cheap Memphis Three Bedroom Apartment rental is at Courtyard Apartments and starts from $1,307.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.