Rent in Memphis, IN
A 2-bedroom in Memphis, IN (ZIP 47143) typically rents for about $1,910 a month, with a range of $1,276–$1,910. Owner-occupied homes in Clark County pay about 0.77% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,460 | $976–$1,460 | 1 |
| 1 bed | $1,580 | $1,058–$1,580 | 1 |
| 2 beds | $1,910 | $1,276–$1,910 | 1 |
| 3 beds | $2,440 | $1,629–$2,440 | 1 |
| 4 beds | $2,810 | $1,874–$2,810 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).
Memphis ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Memphis, IN?
- About $1,910 a month: the median of the typical rents in 1 ZIP code, which range from $1,276–$1,910. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Memphis, IN?
- About $1,580 a month: the median of the typical rents in 1 ZIP code, which range from $1,058–$1,580. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Memphis, IN?
- About $2,440 a month: the median of the typical rents in 1 ZIP code, which range from $1,629–$2,440. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Memphis, IN?
- About $1,460 a month: the median of the typical rents in 1 ZIP code, which range from $976–$1,460. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Memphis, IN?
- About $2,810 a month: the median of the typical rents in 1 ZIP code, which range from $1,874–$2,810. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Memphis, IN?
- Owner-occupied homes in Clark County pay a typical 0.77% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Memphis rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).