Asheville vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 35% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,106/mo in Asheville — saving $3,444/year.
Rent by Unit Size
| Unit Size | Asheville | Memphis | Difference |
|---|---|---|---|
| Studio | $689 | $560 | $129 |
| 1 Bedroom | $875 | $682 | $193 |
| 2 Bedrooms | $1,106 | $819 | $287 |
| 3 Bedrooms | $1,316 | $1,011 | $305 |
| 4 Bedrooms | $1,577 | $1,184 | $393 |
| Median Income | $64,400 | $44,652 | $19,748 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/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 Asheville or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,106/mo in Asheville. That's $287/mo or $3,444/year more expensive in Asheville (35% higher).
What is the 2-bedroom rent in Asheville vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Asheville and Memphis?
The median household income in Asheville is $64,400/year. In Memphis it is $44,652/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Memphis?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Memphis it is $560/mo.