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from $2001 Bedroom Apartments Available Now
Yellowwood Terrace Affordable Senior Housing
2100 Greentree NClarksville, IN 47129
Cheap Apartments for Rent in Memphis, IN from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Memphis.
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from $4872 to 3 Bedroom Apartments Contact Us For Availability
Foxtail Pointe
8614 Highway 60Sellersburg, IN 47172
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from $8282 to 3 Bedroom Apartments Available Now
Courtyard Apartments
1815 Greentree BlvdClarksville, IN 47129
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $9641 to 2 Bedroom Apartments Available May 30
Ashby Apartments
7722 Old State Road 60Sellersburg, IN 47172
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from $9741 to 3 Bedroom Apartments Available Now
Lakeview Apartments
7000 Lake DrSellersburg, IN 47172
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Rent Specials
from $9901 to 4 Bedroom Apartments Available Now
Colonial Village Apartments
1830 Garrison DrClarksville, IN 47129
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from $9951 to 2 Bedroom Apartments Available Now
Stonebridge Apartments
100 Stonebench CirJeffersonville, IN 47130
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from $995Studio to 2 Bedroom Apartments Available Now
TJM - The Jeff On 10th
3500 Ellingsworth Dairy DrJeffersonville, IN 47130
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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from $9951 to 3 Bedroom Apartments Available Now
Meadows at Green Tree
1418 Marlowe DrClarksville, IN 47129
608 E 8th St
New AlbanyIN47150
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Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer
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Memphis, IN Local Guide
Memphis Indiana by Bedford is licensed under Internal
How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,107 | $995 | $1,175 |
| Memphis 1 Bedroom Apartments | $1,298 | $200 | $2,290 |
| Memphis 2 Bedroom Apartments | $1,425 | $487 | $2,527 |
| Memphis 3 Bedroom Apartments | $1,801 | $560 | $4,215 |
| Memphis 4 Bedroom Apartments | $1,822 | $1,470 | $2,250 |
Browse Top Apartments in Memphis
See all Apartments in MemphisExplore Memphis
Memphis, IN Local Guide
- Nearby Cities
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- 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. Courtyard Apartments in the Downtown New Albany neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $828. 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 | 2.1A | 2BR,1BA | $828 |
| Colonial Village Apartments | The Princess. | 1BR,1BA | $990 |
| Meadows at Green Tree | 2 Bedroom/1.5 Bath | 2BR,1BA | $995 |
| Stonebridge Apartments | Second Floor 1Bed/1Bath | 1BR,1BA | $995 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of May 10, 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 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. |
|---|---|---|---|
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| The Monroe | 2 Bedroom One & One Half Bathroom Deluxe | 2BR,1.5BA | $1.16 |
| Stonecrest Apartments | ONE MONTH FREE ON 13 MONTH LEASES!! DONT MISS O... | 2BR,2BA | $1.23 |
| 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 | 2.1A | 2BR,1BA | $1.03 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
Quick Rent Budget Calculator
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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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See the most popular apartments and homes in Memphis, IN
Memphis, IN Apartments MapMemphis, IN Rental Homes MapGetting Around Memphis, IN
Walk Score®
10 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
24 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Memphis Apartments
How much is rent for a Cheap One Bedroom Memphis Apartment?
The lowest price for a Cheap One Bedroom Memphis Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.
What is the lowest price for a Cheap Two Bedroom Memphis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Memphis is starting from $828 at Courtyard Apartments.
What is the most affordable Memphis Three Bedroom Apartment?
The best deal on a cheap Memphis Three Bedroom Apartment rental is at Colonial Village Apartments and starts from $1,120.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.