2223 Mayflower Manor
New AlbanyIN47150
Cheap Homes for Rent in Memphis, IN from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
2228 Mayflower Manor
New AlbanyIN47150
214 E 13th St
New AlbanyIN47150
216 E 13th St
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.
136 E Harrison Ave
ClarksvilleIN47129
449 N New Albany St
SellersburgIN47172
1824 E Spring St
New AlbanyIN47150
1747 E Oak St
New AlbanyIN47150
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.
1740 E Market 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 | $1,267 | $850 | $2,000 |
| Memphis 3 Bedroom Homes for Rent | $1,757 | $1,100 | $2,800 |
| Memphis 4 Bedroom Homes for Rent | $2,740 | $2,200 | $3,500 |
| Memphis 5 Bedroom Homes for Rent | $6,250 | $4,500 | $8,000 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, IN Local Guide
- Nearby Cities
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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 $778. 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 | 1.1B | 1BR,1BA | $778 |
| Meadows at Green Tree | 2 Bedroom/1.5 Bath | 2BR,1BA | $955 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of June 21, 2025 the best value apartment in the Memphis area is the $0.89 price per square foot Koehler Springs II Model at Koehler Springs in the in the Southern Indiana neighborhood starting from $1,200. The second greatest value Memphis apartment is the WITH Storage Model at Williams Crossing Townhomes starting at $1,400 with a $1.04 price per square foot in the Crystal Springs 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. |
|---|---|---|---|
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 1084 sqft | 2BR,2BA | $1.10 |
| The Monroe | 2 Bedroom One & One Half Bathroom Deluxe | 2BR,1.5BA | $1.16 |
| Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.18 |
| Meadows at Green Tree | 2 Bedroom/1.5 Bath | 2BR,1.5BA | $1.19 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $1.13 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 39 Apartments for Rent in Memphis, IN with pricing that ranges from $200 to $5,454. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $700 to $8,000.
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 $8,000 with an average monthly rent of $2,542.
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.