Memphis, IN rental market
What is the average rent in Memphis, IN?
Last updated June 25, 2026
Rental market summary
The average rent for all bedrooms and all property types in Memphis, IN is $2,085.
Average rent
$2,085
Month-over-month change
+$265
Year-over-year change
+$15
Available rentals
3
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,000 to $2,450.
| Rent price | Number of rental properties |
|---|---|
| $900 | 1 |
| $1,000 | 1 |
| $2,000 | 1 |
| $2,400+ | 1 |
Average rent price over time
In the last year, rent has increased by $15 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 | No data |
| Jul | $2,070 | No data |
| Aug | $850 | No data |
| Oct | $1,000 | No data |
Market temperature
The Memphis, IN rental market temperature is HOT. 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 4% higher than the national average.
$2,085
$2,006
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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. What is the average rent for a four-bedroom apartment in Memphis, IN?
4. How much does it cost to rent a house in Memphis, IN?
5. How has the rent in Memphis, IN changed in the last year?
6. How much has the rent in Memphis, IN increased/decreased in the last month?
7. How many available rentals are there in Memphis, IN?
8. How do rent prices in Memphis, IN compare with the national average?
Zip codes in Memphis, IN
