Last updated on October 21, 2026

Average rent in
Memphis, IN

Median rent

Median rent in Memphis

$1,262/mo

The average rent in Memphis is $1,262 per month as of October 2026. This is 34% below the national average rent, or $637 less per month.

$1.03

average price per square foot

Total rentals

Available rentals in Memphis

14

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Memphis rentals at each price point

70%53%35%18%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Memphis, IN, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Memphis, IN

Average rent prices in Memphis have increased by 35% over the last month.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Memphis, IN

Rent prices in Memphis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Memphis is $1,250, whereas a house costs $1,975. 1-bedroom apartments in Memphis run $1,242 on average, while 2-bedroom apartments are $1,275.

Listings

1 bedroom

$1,242

-

No Change

2 bedroom

$1,275

-

-

3 bedroom

$1,860

No Change

-

4 bedroom

$2,500

-

-

1 bedroom

Average rent

$1,242

Last year

No Change

2 bedroom

Average rent

$1,275

3 bedroom

Average rent

$1,860

Last 30 days

No Change

4 bedroom

Average rent

$2,500

The table above reflects average rent prices in Memphis, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Memphis, IN compare to other cities?

Compare median rent prices in Memphis and Charlestown by all bedroom counts and property types.

Memphis

Median rent price$1,262
decreased by34%

lower than the national median

Median rent price$1,242
decreased by35%

lower than the national median

Takeaway

The median rent for all rentals in Memphis, IN is 2% higher than the median rent in Charlestown, IN.

Discover rentals in Memphis, IN

13003 Sunset Dr - Photo 1 of 1

23h ago

House for rent in Memphis

13003 Sunset Dr.

13003 Sunset Dr, Memphis, IN 47143

3 beds

2 baths

$1,850

13311 Bennettsville Rd - Photo 1 of 1

5d+ ago

House for rent in Memphis

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Memphis, IN

Quick answers to common questions about the Memphis rental market.

How much is rent in Memphis?

The average rent in Memphis is $1,262 per month as of October 17, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have increased by 35% over the last month.

How does Memphis rent compare to the national average?

Rent in Memphis is 34% below the national average, which means renters are paying approximately $637 less per month.

What salary do I need to afford rent in Memphis?

To comfortably afford rent in Memphis, you'd need to earn approximately $51,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Charlestown