116 E Harrison Ave
ClarksvilleIN47129
Cheap Homes for Rent in Memphis, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
4435 Parker Ave
LouisvilleKY40212
608 E 8th St
New AlbanyIN47150
1104 Stonebench Cir
JeffersonvilleIN47130
312 Apple Tree Ln
MemphisIN47143
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
3831 Horne Ave
New AlbanyIN47150
2404 Montgomery St
LouisvilleKY40212
1101 Foghorn Dr
JeffersonvilleIN47130
201 Stonebench Cir
JeffersonvilleIN47130
2130 E Oak St
New AlbanyIN47150
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-10, Page 1 of 1
Memphis, IN Local Guide
Memphis Indiana by Bedford is licensed under Internal
How much does it cost to rent a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,167 | $725 | $1,500 |
| Memphis 3 Bedroom Homes for Rent | $1,949 | $1,000 | $4,500 |
| Memphis 4 Bedroom Homes for Rent | $2,759 | $1,100 | $4,300 |
| Memphis 5 Bedroom Homes for Rent | $7,750 | $6,000 | $9,500 |
Browse Top Homes for Rent in Memphis
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Memphis, IN Local Guide
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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 Clarksville neighborhood priced from $200. Foxtail Pointe in the Southern Indiana neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $573. Here is today’s list of the most affordable Memphis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| Foxtail Pointe | 3 Bdrm | 3BR,2BA | $573 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $739 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of July 15, 2026 the best value apartment in the Memphis area is the $0.96 price per square foot The Arbor Model at Arbor Place Apartments in the in the New Albany neighborhood starting from $1,150. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbor Place Apartments | The Arbor | 2BR,1.5BA | $0.96 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Adelyn Apartments | 4229-7 | 2BR,2BA | $1.03 |
| Carrington Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.04 |
| Klerner Lane Apartments | Two Bed 970 | 2BR,2BA | $1.13 |
| Lakeview | 1 Bedroom 1 Bath | 1BR,1BA | $1.17 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.06 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $1.07 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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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.
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.
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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 Memphis
What type of rentals are currently available in Memphis?
There are currently 40 Apartments for Rent in Memphis, IN with pricing that ranges from $200 to $2,296. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $725 to $9,500.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $725 to $9,500 with an average monthly rent of $2,924.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.