Akron vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 0% cheaper for renters. A 2-bedroom rents for $819/mo vs $822/mo in Akron — saving $36/year.
Rent by Unit Size
| Unit Size | Akron | Memphis | Difference |
|---|---|---|---|
| Studio | $552 | $560 | $8 |
| 1 Bedroom | $662 | $682 | $20 |
| 2 Bedrooms | $822 | $819 | $3 |
| 3 Bedrooms | $1,025 | $1,011 | $14 |
| 4 Bedrooms | $1,215 | $1,184 | $31 |
| Median Income | $43,989 | $44,652 | $663 |
Akron
- Studio
- $552/mo
- 1 BR
- $662/mo
- 2 BR
- $822/mo
- 3 BR
- $1,025/mo
- 4 BR
- $1,215/mo
- Median Income
- $43,989/yr
Memphis
- Studio
- $560/mo
- 1 BR
- $682/mo
- 2 BR
- $819/mo
- 3 BR
- $1,011/mo
- 4 BR
- $1,184/mo
- Median Income
- $44,652/yr
Frequently Asked Questions
Is Akron or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $822/mo in Akron. That's $3/mo or $36/year more expensive in Akron (0% higher).
What is the 2-bedroom rent in Akron vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Akron is $822/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Akron and Memphis?
The median household income in Akron is $43,989/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Akron vs Memphis?
A studio apartment Fair Market Rent in Akron is $552/mo. In Memphis it is $560/mo.