Bedroom count
Property type
Last updated on August 29, 2026
Average rent in
Memphis, Memphis, IN
Average rent in
Last updated on August 29, 2026
Bedroom count
Property type
Median rent
Median rent in Memphis
$1,225/mo
36%vs previous year
The average rent in Memphis is $1,225 per month as of August 2026. This is 36% below the national average rent, or $700 less per month.
average price per square foot
Total rentals
Available rentals in Memphis
10
for rent on Zumper.com as of August 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, Memphis, IN, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Memphis, Memphis, IN
Average rent prices in Memphis have decreased by 52% over the last month and have decreased by 36% 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, Memphis, IN
Rent prices in Memphis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Memphis is $1,187, whereas a house costs $1,825. 1-bedroom apartments in Memphis run $1,240 on average, while 2-bedroom apartments are $1,195.
Listings | ||||
|---|---|---|---|---|
1 bedroom | $1,031 | - | - | |
2 bedroom | $1,225 | - | - | |
3 bedroom | $1,800 | No Change | 4% | |
4 bedroom | $2,350 | - | - |
Listings | ||
|---|---|---|
Charlestown | $1,250 | |
Druid Hills | $1,156 | |
Langdon Place | $1,795 | |
Mockingbird Valley | $1,395 | |
Oak Park | $1,222 | |
Prospect | $1,559 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,187 | - | - | |
Condos | $1,675 | - | - | |
Houses | $1,825 | No Change | 4% |
1 bedroom
Average rent
$1,031
2 bedroom
Average rent
$1,225
3 bedroom
Average rent
$1,800
Last year
4%
4 bedroom
Average rent
$2,350
Charlestown
Average rent
$1,250
Druid Hills
Average rent
$1,156
Oak Park
Average rent
$1,222
Langdon Place
Average rent
$1,795
Mockingbird Valley
Average rent
$1,395
Prospect
Average rent
$1,559
Apartments
Average rent
$1,187
Condos
Average rent
$1,675
Houses
Average rent
$1,825
Last year
4%
The table above reflects average rent prices in Memphis, 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, Memphis, IN compare to other neighborhoods?
Compare median rent prices in Memphis and Charlestown by all bedroom counts and property types.
Memphis
36%lower than the national median
35%lower than the national median
Takeaway
The median rent for all rentals in Memphis, Memphis, IN is 2% lower than the median rent in Charlestown, Charlestown, IN.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
21%Discover rentals in Memphis, Memphis, IN
5d+ ago
Apartment for rent in Memphis
117 Main St #2, Memphis, IN 47143
2 beds
1 bath
$950
Apartment for rent
Available Sep 1
5d+ ago
Apartment for rent in Memphis
117 Main St #2, Memphis, IN 47143
2 beds
1 bath
$950
Apartment for rent
Available Sep 1
5d+ ago
Apartment for rent in Memphis
117 Main St #2, Memphis, IN 47143
2 beds
1 bath
$950
Apartment for rent
Available Sep 1
5d+ ago
Apartment for rent in Memphis
117 Main St #2, Memphis, IN 47143
2 beds
1 bath
$950
Apartment for rent
Available Sep 1
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Frequently asked questions for Memphis, Memphis, IN
Quick answers to common questions about the Memphis rental market.
How much is rent in Memphis?
The average rent in Memphis is $1,225 per month as of August 22, 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 36% 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 $700 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 $49,000/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).