2222 Mayflower Manor
New AlbanyIN47150
Cheap Homes for Rent in Memphis, IN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
1107 Silverton Ct
ClarksvilleIN47129
524 N 29th St
LouisvilleKY40212
111 Kenwood Ave
CharlestownIN47111
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.
608 E 8th St
New AlbanyIN47150
2509 St Xavier St
LouisvilleKY40212
109 Kenwood Ave
CharlestownIN47111
4305 Reas Ln
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.
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 | $1,199 | $800 | $1,650 |
| Memphis 3 Bedroom Homes for Rent | $1,689 | $800 | $3,000 |
| Memphis 4 Bedroom Homes for Rent | $2,158 | $1,800 | $3,000 |
| Memphis 5 Bedroom Homes for Rent | $3,986 | $2,000 | $8,500 |
Browse Top Homes for Rent in Memphis
Explore Memphis
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. Willow Run in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $824. 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 | One Bed One Bath | 1BR,1BA | $824 |
| Courtyard Apartments | 2.1A | 2BR,1BA | $845 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of October 14, 2025 the best value apartment in the Memphis area is the $1.10 price per square foot The Sequoia Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,370. The second greatest value Memphis apartment is the Two Bed Model at Plum Ridge Apartments starting at $1,150 with a $1.01 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 | $1.10 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.01 |
| Carrington Place Apartments | 2 BEDROOM 1 BATHROOM | 2BR,1BA | $1.10 |
| The Commons Apartments | 1 BEDROOM LARGE | 1BR,1BA | $1.15 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 986 sqft (1st or 2nd floor) | 2BR,2BA | $1.01 |
| Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.18 |
| Colonial Village Apartments | The Brendon | 2BR,1.5BA | $1.24 |
| Courtyard Apartments | 2.1B | 2BR,1BA | $1.09 |
| Lakeview Apartments | 1 BEDROOM 1 BATHROOM | 1BR,1BA | $1.21 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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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 $2,230. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $700 to $8,500.
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 $700 to $8,500 with an average monthly rent of $1,979.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.