Birmingham-Hoover vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 5% cheaper for renters. A 2-bedroom rents for $819/mo vs $863/mo in Birmingham-Hoover — saving $528/year.
Rent by Unit Size
| Unit Size | Birmingham-Hoover | Memphis | Difference |
|---|---|---|---|
| Studio | $540 | $560 | $20 |
| 1 Bedroom | $687 | $682 | $5 |
| 2 Bedrooms | $863 | $819 | $44 |
| 3 Bedrooms | $1,083 | $1,011 | $72 |
| 4 Bedrooms | $1,216 | $1,184 | $32 |
| Median Income | $46,088 | $44,652 | $1,436 |
Birmingham-Hoover
- Studio
- $540/mo
- 1 BR
- $687/mo
- 2 BR
- $863/mo
- 3 BR
- $1,083/mo
- 4 BR
- $1,216/mo
- Median Income
- $46,088/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 Birmingham-Hoover or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $863/mo in Birmingham-Hoover. That's $44/mo or $528/year more expensive in Birmingham-Hoover (5% higher).
What is the 2-bedroom rent in Birmingham-Hoover vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Birmingham-Hoover is $863/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Birmingham-Hoover and Memphis?
The median household income in Birmingham-Hoover is $46,088/year. In Memphis it is $44,652/year. Birmingham-Hoover has the higher median income.
What is the studio rent in Birmingham-Hoover vs Memphis?
A studio apartment Fair Market Rent in Birmingham-Hoover is $540/mo. In Memphis it is $560/mo.