Baltimore-Columbia-Towson vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 50% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,227/mo in Baltimore-Columbia-Towson — saving $4,896/year.
Rent by Unit Size
| Unit Size | Baltimore-Columbia-Towson | Memphis | Difference |
|---|---|---|---|
| Studio | $829 | $560 | $269 |
| 1 Bedroom | $1,006 | $682 | $324 |
| 2 Bedrooms | $1,227 | $819 | $408 |
| 3 Bedrooms | $1,606 | $1,011 | $595 |
| 4 Bedrooms | $1,767 | $1,184 | $583 |
| Median Income | $88,278 | $44,652 | $43,626 |
Baltimore-Columbia-Towson
- Studio
- $829/mo
- 1 BR
- $1,006/mo
- 2 BR
- $1,227/mo
- 3 BR
- $1,606/mo
- 4 BR
- $1,767/mo
- Median Income
- $88,278/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 Baltimore-Columbia-Towson or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,227/mo in Baltimore-Columbia-Towson. That's $408/mo or $4,896/year more expensive in Baltimore-Columbia-Towson (50% higher).
What is the 2-bedroom rent in Baltimore-Columbia-Towson vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Baltimore-Columbia-Towson is $1,227/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Baltimore-Columbia-Towson and Memphis?
The median household income in Baltimore-Columbia-Towson is $88,278/year. In Memphis it is $44,652/year. Baltimore-Columbia-Towson has the higher median income.
What is the studio rent in Baltimore-Columbia-Towson vs Memphis?
A studio apartment Fair Market Rent in Baltimore-Columbia-Towson is $829/mo. In Memphis it is $560/mo.