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Typical Rent in 47143 — Memphis, IN
The typical 1-bedroom rent in 47143 (Memphis, IN) is $1,124/month as of 2026, based on 4 data sources. Rents have risen 10.2% year over year, so an increase above 10.2% exceeds the local market trend. Studio: $1,450. 2-bedroom: $1,910.
Rents in Memphis have changed approximately +1.5% – +49.5% over the past year based on local market data. A rent increase above 49.5% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,124/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 47143 (Memphis, IN) is $1,570 for FY2026.
Rents in 47143 have increased 10.2% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Memphis (47143) is approximately 10.2% for 2026. The typical 1-bedroom rent is $1,124/month. Any increase significantly above 10.2% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 47143 (Memphis)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 47143 (Memphis) typically rents for $1,450 – $1,667.
Rents above $1,917 are in the top 25% for this area.
A 1-bedroom in 47143 (Memphis) typically rents for $1,570 – $1,696.
Rents above $1,950 are in the top 25% for this area.
A 2-bedroom in 47143 (Memphis) typically rents for $1,910 – $2,197.
Rents above $2,527 are in the top 25% for this area.
A 3-bedroom in 47143 (Memphis) typically rents for $2,440 – $2,806.
Rents above $3,227 are in the top 25% for this area.
A 4-bedroom in 47143 (Memphis) typically rents for $2,840 – $3,266.
Rents above $3,756 are in the top 25% for this area.
Current Asking Rents in 47143
What are apartments actually renting for near 47143? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Memphis, IN
+10.2%
Rents in 47143 (Memphis) are rising at +10.2% year-over-year.
⚠ Mixed signals
Market sources range from +1.5% to +49.5%
Sources: Apartment List, HUD Fair Market Rent
Federal Rent Benchmarks for 47143
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Louisville, KY-IN HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,450 | $1,038 |
| 1-Bedroom | $1,570 | $1,124 |
| 2-Bedroom | $1,910 | $1,366 |
| 3-Bedroom | $2,440 | $1,745 |
| 4-Bedroom | $2,840 | $2,030 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 47143
What is the average 1-bedroom rent in 47143?
The typical 1-bedroom rent in 47143 (Memphis, IN) is $1,124/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,450 and 2-bedroom rent at $1,910.
What is a fair rent increase in 47143?
A rent increase up to about 10.2% is in line with the recent local market trend in 47143. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 47143?
Rents in 47143 have risen 10.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 47143?
On this page, studio rent in 47143 is $1,450/month and 2-bedroom rent is $1,910/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 47143 ($1,570/mo) — useful for comparing what your rent gets you in other markets.
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →