Limit memory use when extracting from zip archives in Python

Question

I am extracting large files from zip in a python script like this:

import zipfile
import tempfile

tmpdir = tempfile.mkdtemp()

zf = zipfile.ZipFile('/path/to/file.zip')
zf.extractall(tmpdir)

This works fine but for large files this consumes too much memory to run it on small servers.

Is there a way to control/limit how much memory this extraction uses?