116 E Harrison Ave
ClarksvilleIN47129
Cheap Homes for Rent in Memphis, IN from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
630 E Chestnut St
JeffersonvilleIN47130
451 N 25th St
LouisvilleKY40212
4435 Parker Ave
LouisvilleKY40212
2145 Bank St
LouisvilleKY40212
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$9502 Bedroom Apartments Available Jun 8
117 Main St, Unit 2
117 Main StMemphis, IN 47143
1215 Lighthouse Cove
JeffersonvilleIN47130
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.
312 Apple Tree Ln
MemphisIN47143
812 Culbertson Ave
New AlbanyIN47150
353 N 27th St
LouisvilleKY40212
1101 Foghorn Dr
JeffersonvilleIN47130
1108 State St
New AlbanyIN47150
201 Stonebench Cir
JeffersonvilleIN47130
3115 Lighthouse Dr
JeffersonvilleIN47130
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.
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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 | $1,225 | $795 | $2,300 |
| Memphis 3 Bedroom Homes for Rent | $1,849 | $950 | $3,750 |
| Memphis 4 Bedroom Homes for Rent | $4,060 | $2,300 | $5,900 |
| Memphis 5 Bedroom Homes for Rent | $6,700 | $3,900 | $9,500 |
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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. Adelyn Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. 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 |
| Adelyn Apartments | 1 | 1BR,1BA | $595 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $740 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $899 |
| Ashby | 1 Bedroom 1 Bathroom - Small | 1BR,1BA | $937 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of May 31, 2026 the best value apartment in the Memphis area is the $1.21 price per square foot Two Bed Model at Plum Ridge Apartments in the in the Southern Indiana neighborhood starting from $1,375. The second greatest value Memphis apartment is the 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION Model at Parkside Trace Apartments starting at $1,269 with a $1.14 price per square foot in the Outer Southern Indiana Clark County 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. |
|---|---|---|---|
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.21 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Carrington Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.04 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 986 sqft (1st or 2nd floor) | 2BR,2BA | $1.17 |
| 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 | $1.12 |
| Courtyard Apartments | 1.1B | 1BR,1BA | $1.07 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
| Adelyn Apartments | 1 | 1BR,1BA | $1.03 |
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 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 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $795 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 $795 to $9,500 with an average monthly rent of $2,952.
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.
Articles, How-To's, and Tips
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.