1107 Silverton Ct
ClarksvilleIN47129
Cheap Homes for Rent in Memphis, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
136 E Harrison Ave
ClarksvilleIN47129
217 Lowell Ave
CharlestownIN47111
2-982 W Vest St
ScottsburgIN47170
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.
2404 Shelby St
New AlbanyIN47150
2534 Broadway St
New AlbanyIN47150
118 Fairview Ave
JeffersonvilleIN47130
4305 Reas Ln
New AlbanyIN47150
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.
Showing Results 1-8, 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 | $1,116 | $880 | $1,400 |
| Memphis 3 Bedroom Homes for Rent | $1,945 | $1,195 | $3,000 |
| Memphis 4 Bedroom Homes for Rent | $3,541 | $1,600 | $10,000+ |
| Memphis 5 Bedroom Homes for Rent | $8,000 | $8,000 | $8,000 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Memphis, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Willow Run in the Southern Indiana neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $749. 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 |
| Willow Run | Studio | Studio,1BA | $749 |
| Courtyard Apartments | 2.1A | 2BR,1BA | $845 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of August 29, 2025 the best value apartment in the Memphis area is the $1.12 price per square foot The Sequoia Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,395. The second greatest value Memphis apartment is the 2 BEDROOM 2 BATHROOM Model at Ashby Apartments starting at $1,185 with a $0.95 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 Sequoia | 2BR,2BA | $1.12 |
| Ashby Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $0.95 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.05 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| Carrington Place Apartments | 2 BEDROOM 1 BATHROOM | 2BR,1BA | $1.10 |
| Nicholas Landing | Two Bedroom | 2BR,2BA | $1.15 |
| 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 | $1.18 |
| Courtyard Apartments | 2.1B | 2BR,1BA | $1.09 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
Quick 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.
Let everyone know!
Do you know the Memphis area?
If you’re an expert on all things Memphis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $7,457. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $795 to $10,000.
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 $795 to $10,000 with an average monthly rent of $3,120.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.