Anchorage vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 42% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,162/mo in Anchorage — saving $4,116/year.
Rent by Unit Size
| Unit Size | Anchorage | Memphis | Difference |
|---|---|---|---|
| Studio | $795 | $560 | $235 |
| 1 Bedroom | $960 | $682 | $278 |
| 2 Bedrooms | $1,162 | $819 | $343 |
| 3 Bedrooms | $1,475 | $1,011 | $464 |
| 4 Bedrooms | $1,674 | $1,184 | $490 |
| Median Income | $75,443 | $44,652 | $30,791 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/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 Anchorage or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,162/mo in Anchorage. That's $343/mo or $4,116/year more expensive in Anchorage (42% higher).
What is the 2-bedroom rent in Anchorage vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Anchorage and Memphis?
The median household income in Anchorage is $75,443/year. In Memphis it is $44,652/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Memphis?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Memphis it is $560/mo.