Boise City vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 38% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,134/mo in Boise City — saving $3,780/year.
Rent by Unit Size
| Unit Size | Boise City | Memphis | Difference |
|---|---|---|---|
| Studio | $728 | $560 | $168 |
| 1 Bedroom | $907 | $682 | $225 |
| 2 Bedrooms | $1,134 | $819 | $315 |
| 3 Bedrooms | $1,352 | $1,011 | $341 |
| 4 Bedrooms | $1,542 | $1,184 | $358 |
| Median Income | $60,482 | $44,652 | $15,830 |
Boise City
- Studio
- $728/mo
- 1 BR
- $907/mo
- 2 BR
- $1,134/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,542/mo
- Median Income
- $60,482/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 Boise City or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,134/mo in Boise City. That's $315/mo or $3,780/year more expensive in Boise City (38% higher).
What is the 2-bedroom rent in Boise City vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Boise City is $1,134/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Boise City and Memphis?
The median household income in Boise City is $60,482/year. In Memphis it is $44,652/year. Boise City has the higher median income.
What is the studio rent in Boise City vs Memphis?
A studio apartment Fair Market Rent in Boise City is $728/mo. In Memphis it is $560/mo.