Albuquerque vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 17% cheaper for renters. A 2-bedroom rents for $819/mo vs $958/mo in Albuquerque — saving $1,668/year.
Rent by Unit Size
| Unit Size | Albuquerque | Memphis | Difference |
|---|---|---|---|
| Studio | $647 | $560 | $87 |
| 1 Bedroom | $793 | $682 | $111 |
| 2 Bedrooms | $958 | $819 | $139 |
| 3 Bedrooms | $1,161 | $1,011 | $150 |
| 4 Bedrooms | $1,339 | $1,184 | $155 |
| Median Income | $49,585 | $44,652 | $4,933 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/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 Albuquerque or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $958/mo in Albuquerque. That's $139/mo or $1,668/year more expensive in Albuquerque (17% higher).
What is the 2-bedroom rent in Albuquerque vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Albuquerque and Memphis?
The median household income in Albuquerque is $49,585/year. In Memphis it is $44,652/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Memphis?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Memphis it is $560/mo.