Ann Arbor vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 43% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,170/mo in Ann Arbor — saving $4,212/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Memphis | Difference |
|---|---|---|---|
| Studio | $781 | $560 | $221 |
| 1 Bedroom | $945 | $682 | $263 |
| 2 Bedrooms | $1,170 | $819 | $351 |
| 3 Bedrooms | $1,486 | $1,011 | $475 |
| 4 Bedrooms | $1,736 | $1,184 | $552 |
| Median Income | $58,245 | $44,652 | $13,593 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,170/mo in Ann Arbor. That's $351/mo or $4,212/year more expensive in Ann Arbor (43% higher).
What is the 2-bedroom rent in Ann Arbor vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Ann Arbor and Memphis?
The median household income in Ann Arbor is $58,245/year. In Memphis it is $44,652/year. Ann Arbor has the higher median income.
What is the studio rent in Ann Arbor vs Memphis?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Memphis it is $560/mo.