Billings vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 11% cheaper for renters. A 2-bedroom rents for $819/mo vs $913/mo in Billings — saving $1,128/year.
Rent by Unit Size
| Unit Size | Billings | Memphis | Difference |
|---|---|---|---|
| Studio | $613 | $560 | $53 |
| 1 Bedroom | $724 | $682 | $42 |
| 2 Bedrooms | $913 | $819 | $94 |
| 3 Bedrooms | $1,136 | $1,011 | $125 |
| 4 Bedrooms | $1,214 | $1,184 | $30 |
| Median Income | $47,175 | $44,652 | $2,523 |
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/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 Billings or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $913/mo in Billings. That's $94/mo or $1,128/year more expensive in Billings (11% higher).
What is the 2-bedroom rent in Billings vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Billings and Memphis?
The median household income in Billings is $47,175/year. In Memphis it is $44,652/year. Billings has the higher median income.
What is the studio rent in Billings vs Memphis?
A studio apartment Fair Market Rent in Billings is $613/mo. In Memphis it is $560/mo.