Memphis, IN rental market
Last updated August 5, 2025
Rental market summary
The average rent for all bedrooms and all property types in Memphis, IN is $850.
$850
-$250
-$1,100
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $850 to $2,020.
| Rent price | Number of rental properties |
|---|---|
| $800 | 1 |
| $2,000+ | 1 |
Average rent price over time
In the last year, rent has decreased by $1,100 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,300 | $1,880 |
| Feb | $1,699 | $1,880 |
| Jun | $2,450 | $1,880 |
| Oct | $1,700 | $1,000 |
| Nov | $2,255 | $2,100 |
| Dec | $1,850 | $2,120 |
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 60% lower than the national average.
$850
$2,100
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Frequently asked questions
1. What is the average rent in Memphis, IN?
The average rent in Memphis, IN is $850.
2. How much does it cost to rent a house in Memphis, IN?
Houses in Memphis, IN rent between $850 - $2,020 with an average rent of $850.
3. How has the rent in Memphis, IN changed in the last year?
In the last year, the rent in Memphis, IN decreased by $1,100
4. How much has the rent in Memphis, IN increased/decreased in the last month?
In the last month, the rent in Memphis, IN decreased by $250
5. How many available rentals are there in Memphis, IN?
There are currently 2 rentals available in Memphis, IN.
6. How do rent prices in Memphis, IN compare with the national average?
The average rent in Memphis, IN is $850 — 59.52% lower the national average of $2,100.