Bedroom count
Property type
Last updated on June 8, 2026
Average rent in
Memphis, IN
Average rent in
Last updated on June 8, 2026
Bedroom count
Property type
Median rent
Median rent in Memphis
$1,256/mo
27%vs previous year
The average rent in Memphis is $1,256 per month as of June 2026. This is 36% below the national average rent, or $694 less per month.
average price per square foot
Total rentals
Available rentals in Memphis
14
for rent on Zumper.com as of June 2026
Rent price distribution
Share of Memphis rentals at each price point
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 decreased by 52% over the last month and have decreased by 27% since last year.
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 $1,275, whereas a house costs $1,825. 1-bedroom apartments in Memphis run $1,290 on average, while 2-bedroom apartments are $1,275.
Listings | ||||
|---|---|---|---|---|
Studio | $1,130 | - | - | |
1 bedroom | $1,212 | - | - | |
2 bedroom | $1,245 | - | - | |
3 bedroom | $1,890 | 22% |  6% | |
4 bedroom | $2,365 | - | - |
Listings | ||
|---|---|---|
Memphis | $1,267 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,275 | - | No Change | |
Condos | $1,250 | - | - | |
Houses | $1,825 | 22% | No Change |
Studio
Average rent
$1,130
1 bedroom
Average rent
$1,212
2 bedroom
Average rent
$1,245
3 bedroom
Average rent
$1,890
Last 30 days
22%
Last year
6%
4 bedroom
Average rent
$2,365
Memphis
Average rent
$1,267
Apartments
Average rent
$1,275
Condos
Average rent
$1,250
Houses
Average rent
$1,825
Last 30 days
22%
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
36%lower than the national median
21%lower than the national median
Takeaway
The median rent for all rentals in Memphis, IN is 18% lower than the median rent in Charlestown, IN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,535
3%$1,325
$1,225
$1,416
$1,100
$1,295
60%$1,599
31%$1,546
$1,625
$1,714
$1,304
$1,400
Discover rentals in Memphis, IN
5d+ ago
House for rent in Memphis
3 beds
1 bath
$1,000
House for rent
5d+ ago
House for rent in Memphis
13205 Starlight Ct, Memphis, IN 47143
3 beds
2 baths
$2,085
House for rent
5d+ ago
House for rent in Memphis
13205 Starlight Ct, Memphis, IN 47143
3 beds
2 baths
$2,085
House for rent
5d+ ago
House for rent in Memphis
13205 Starlight Ct, Memphis, IN 47143
3 beds
2 baths
$2,085
House for rent
5d+ ago
House for rent in Memphis
3 beds
1 bath
$1,000
House for rent
Stay up to date with rental market insights
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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 $1,256 per month as of June 6, 2026.
Is rent up or down in Memphis?
Average rent prices in Memphis have decreased by 52% over the last month and have decreased by 27% since last year.
How does Memphis rent compare to the national average?
Rent in Memphis is 36% below the national average, which means renters are paying approximately $694 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 $50,000/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).