Bedroom count
Property type
Last updated on October 21, 2026
Last updated on October 21, 2026
Bedroom count
Property type
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.
average price per square foot
Available rentals in Memphis
14
for rent on Zumper.com as of October 2026
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.
Average rent prices in Memphis have increased by 35% over the last month.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
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 | - | - |
Listings | ||
|---|---|---|
Memphis | $1,782 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,250 | - | 1% | |
Condos | $1,750 | - | - | |
Houses | $1,975 | No Change | 8% |
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
Memphis
Average rent
$1,782
Apartments
Average rent
$1,250
Last year
1%
Condos
Average rent
$1,750
Houses
Average rent
$1,975
Last 30 days
No Change
Last year
8%
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.
Compare median rent prices in Memphis and Charlestown by all bedroom counts and property types.
Memphis
lower than the national median
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.
Explore rent trends in neighboring markets
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Quick answers to common questions about the Memphis rental market.
The average rent in Memphis is $1,262 per month as of October 17, 2026.
Average rent prices in Memphis have increased by 35% over the last month.
Rent in Memphis is 34% below the national average, which means renters are paying approximately $637 less per month.
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.
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).