630 E Chestnut St
JeffersonvilleIN47130
Cheap Homes for Rent in Memphis, IN from $875 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
4435 Parker Ave
LouisvilleKY40212
501 E 8th St
JeffersonvilleIN47130
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$9502 Bedroom Apartments Available Sep 1
117 Main St, Unit 2
117 Main StMemphis, IN 47143
1101 Foghorn Dr
JeffersonvilleIN47130
Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky
There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.
1227 Vincennes St
New AlbanyIN47150
201 Stonebench Cir
JeffersonvilleIN47130
905 E Market St
New AlbanyIN47150
3115 Lighthouse Dr
JeffersonvilleIN47130
522 N 29th St
LouisvilleKY40212
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1514 Elliott Ave
JeffersonvilleIN47130
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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 | $1,313 | $900 | $1,600 |
| Memphis 3 Bedroom Homes for Rent | $1,963 | $1,300 | $3,000 |
| Memphis 4 Bedroom Homes for Rent | $2,535 | $1,600 | $3,500 |
| Memphis 5 Bedroom Homes for Rent | $5,900 | $2,300 | $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 Clarksville neighborhood priced from $200. Courtyard Apartments in the Clarksville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $739. 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 | $739 |
| The Monroe | 1 Bedroom and 1 Bathroom | 1BR,1BA | $849 |
| Willow Run | One Bed One Bath | 1BR,1BA | $889 |
| Foxtail Pointe | 2 Bdrm B | 2BR,1BA | $942 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of August 31, 2026 the best value apartment in the Memphis area is the $1.01 price per square foot Two Bed Model at Plum Ridge Apartments in the in the Southern Indiana neighborhood starting from $1,150. 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 | $1.01 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Carrington Place | 2 Bedroom 1 Bath | 2BR,1BA | $1.05 |
| Klerner Lane Apartments | Two Bed 970 | 2BR,2BA | $1.13 |
| Foxtail Pointe | 2 Bdrm B | 2BR,1BA | $0.99 |
| Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.18 |
| Arbor Place Apartments | The Windsor | 1BR,1BA | $1.08 |
| 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.
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.
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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 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $875 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 $875 to $9,500 with an average monthly rent of $1,913.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.