Memphis, IN rental market
What is the average rent in Memphis, IN?
Rental market summary
The average rent for all bedrooms and all property types in Memphis, IN is $2,200.
Average rent
$2,200
Month-over-month change
+$1,250
Year-over-year change
-$550
Available rentals
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,995 to $2,275.
| Rent price | Number of rental properties |
|---|---|
| $2,000 | 1 |
| $2,100 | 1 |
| $2,200+ | 2 |
Average rent price over time
In the last year, rent has decreased by $550 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,880 | $1,600 |
| Feb | $1,880 | $1,850 |
| Mar | $1,880 | $2,240 |
| Apr | $1,000 | $900 |
| May | $2,100 | $1,000 |
| Jun | $2,120 | $2,068 |
| Jul | $2,070 | $1,300 |
| Aug | $850 | $950 |
| Oct | $1,000 | No data |
Market temperature
The Memphis, IN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Memphis, IN is 10% higher than the national average.
$2,200
$2,000
Rent in Memphis, IN
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Rent trends near Memphis, IN
Frequently asked questions
1. What is the average rent in Memphis, IN?
2. What is the average rent for a three-bedroom apartment in Memphis, IN?
3. How much does it cost to rent a house in Memphis, IN?
4. How has the rent in Memphis, IN changed in the last year?
5. How much has the rent in Memphis, IN increased/decreased in the last month?
6. How many available rentals are there in Memphis, IN?
7. How do rent prices in Memphis, IN compare with the national average?
