
Apartments for Rent in Memphis, IN Under $1,200 (39 Rentals)


The Flats of River Ridge

Stonecrest Apartments

Plum Ridge Apartments

Heritage Square

Courtyard Apartments

TJM - The Jeff On 10th

Stonebridge Apartments

Armstrong Farm
The Art of the Rental Viewing: What to look for during a property tour
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.

Flats on 10th

The Monroe

Parkside Trace Apartments

Lakeview Apartments

Renaissance Park Apartments

Ashby Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Holmans Crossing Apartments

Clarksville Lofts

Meadows at Green Tree

Carrington Place Apartments

Nicholas Landing

Colonial Village Apartments

Yellowwood Terrace Affordable Senior Housing

Greenbrier Apartments

Koehler Springs

1740 E Market St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1747 E Oak St

1824 E Spring St

449 N New Albany St

136 E Harrison Ave

214 E 13th St

216 E 13th St

1107 Silverton Ct
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

2228 Mayflower Manor

2223 Mayflower Manor
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 | $1,113 | $1,001 | $1,181 |
Memphis 1 Bedroom Apartments | $1,278 | $200 | $2,375 |
Memphis 2 Bedroom Apartments | $1,493 | $845 | $4,623 |
Memphis 3 Bedroom Apartments | $1,833 | $1,200 | $5,454 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Memphis, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick 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.
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 Memphis
What is the current price range for One Bedroom Memphis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Memphis ranges from $200 to $2,375 with an average monthly rent of $1,278.
What does renting a Two Bedroom Apartment in Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $845 to $4,623. Today's average rental price for Two Bedrooms here is $1,493.
How expensive are Memphis Three Bedroom Apartments?
There are currently 19 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $1,200 to $5,454 - averaging $1,833 for the location.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.