3103 Lighthouse Dr
JeffersonvilleIN47130
Cheap Homes for Rent in Memphis, IN from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Memphis.
213 Starlight Dr
ClarksvilleIN47129
4932 Grant Line Rd
New AlbanyIN47150
4930 Grant Line Rd
New AlbanyIN47150
4934 Grant Line Rd
New AlbanyIN47150
1915 Paddle Wheel Dr
JeffersonvilleIN47130
2918 Sunset Dr
New AlbanyIN47150
10700 US-42
ProspectKY40059
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 a home in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis 2 Bedroom Homes for Rent | $1,371 | $1,220 | $1,500 |
| Memphis 3 Bedroom Homes for Rent | $2,059 | $1,400 | $3,200 |
| Memphis 4 Bedroom Homes for Rent | $1,831 | $1,499 | $2,250 |
| Memphis 5 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
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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. Colonial Village Apartments in the Southern Indiana neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $707. 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 |
| Colonial Village Apartments | The Princess | 1BR,1BA | $707 |
| Willow Run | One Bed One Bath | 1BR,1BA | $839 |
Best Value Apartments for Rent in Memphis, IN and Nearby
As of April 16, 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 |
| Plum Ridge Apartments | Two Bed | 2BR,2BA | $1.14 |
| 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 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 986 sqft (1st or 2nd floor) | 2BR,2BA | $1.11 |
| Courtyard Apartments | 2.1B | 2BR,1BA | $1.01 |
| Meadows at Green Tree | 2 Bedroom/1.5 Bath | 2BR,1.5BA | $1.14 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 39 Apartments for Rent in Memphis, IN with pricing that ranges from $200 to $2,528. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $1,220 to $3,200.
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 $1,220 to $3,200 with an average monthly rent of $1,865.
How much are larger Three and Four Bedroom Rentals in Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $560 to $2,528, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,499 and Four Bedroom Apartments start at $1,021.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.