2226 Mayflower Manor
New AlbanyIN47150
Cheap Homes for Rent in Memphis, IN from $700 (11 Rentals)
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$9152 Bedroom Apartments Available Apr 1
117 Main St
117 Main StMemphis, IN 47143
1906 Hand Ave
New AlbanyIN47150
822 Northgate Blvd
New AlbanyIN47150
620 E 5th 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.
1506 E Oak St
New AlbanyIN47150
1107 Foghorn Dr
JeffersonvilleIN47130
201 Stonebench Cir
JeffersonvilleIN47130
1806 Culbertson Ave
New AlbanyIN47150
4231 Mel Smith Rd
New AlbanyIN47150
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.
2130 E Oak St
New AlbanyIN47150
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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 | $1,241 | $1,050 | $1,700 |
| Memphis 3 Bedroom Homes for Rent | $1,871 | $1,199 | $2,400 |
| Memphis 4 Bedroom Homes for Rent | $2,076 | $1,595 | $2,550 |
| Memphis 5 Bedroom Homes for Rent | $4,483 | $2,150 | $7,400 |
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 Southern Indiana neighborhood priced from $200. Courtyard Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $702. 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 |
| Courtyard Apartments | 1.1A | 1BR,1BA | $702 |
| Meadows at Green Tree | The Elm | 1BR,1BA | $965 |
| Clarksville Lofts | 1 br small | 1BR,1BA | $987 |
| Stonebridge Apartments | Second Floor 1Bed/1Bath | 1BR,1BA | $995 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of January 14, 2026 the best value apartment in the Memphis area is the $1.03 price per square foot The Sycamore Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,570. 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. |
|---|---|---|---|
| Forest Edge Apartments | The Sycamore | 3BR,2BA | $1.03 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Adelyn Apartments | 5 | 2BR,2BA | $1.16 |
| The Commons Apartments | 2 BEDROOM COMMONS | 2BR,2BA | $1.22 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 986 sqft (1st or 2nd floor) | 2BR,2BA | $1.11 |
| Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.22 |
| Willow Run | Two Bed One Bath | 2BR,1BA | $1.18 |
| Parkside Trace Apartments | 1 BEDROOM 1 BATHROOM NEW CONSTRUCTION | 1BR,1BA | $1.18 |
| Courtyard Apartments | 1.1A | 1BR,1BA | $1.14 |
| 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.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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
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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 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $700 to $7,400.
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 $700 to $7,400 with an average monthly rent of $2,114.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.