Boston-Cambridge-Newton vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 114% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,754/mo in Boston-Cambridge-Newton — saving $11,220/year.
Rent by Unit Size
| Unit Size | Boston-Cambridge-Newton | Memphis | Difference |
|---|---|---|---|
| Studio | $1,196 | $560 | $636 |
| 1 Bedroom | $1,409 | $682 | $727 |
| 2 Bedrooms | $1,754 | $819 | $935 |
| 3 Bedrooms | $2,044 | $1,011 | $1,033 |
| 4 Bedrooms | $2,555 | $1,184 | $1,371 |
| Median Income | $100,795 | $44,652 | $56,143 |
Boston-Cambridge-Newton
- Studio
- $1,196/mo
- 1 BR
- $1,409/mo
- 2 BR
- $1,754/mo
- 3 BR
- $2,044/mo
- 4 BR
- $2,555/mo
- Median Income
- $100,795/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 Boston-Cambridge-Newton or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,754/mo in Boston-Cambridge-Newton. That's $935/mo or $11,220/year more expensive in Boston-Cambridge-Newton (114% higher).
What is the 2-bedroom rent in Boston-Cambridge-Newton vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Boston-Cambridge-Newton is $1,754/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Boston-Cambridge-Newton and Memphis?
The median household income in Boston-Cambridge-Newton is $100,795/year. In Memphis it is $44,652/year. Boston-Cambridge-Newton has the higher median income.
What is the studio rent in Boston-Cambridge-Newton vs Memphis?
A studio apartment Fair Market Rent in Boston-Cambridge-Newton is $1,196/mo. In Memphis it is $560/mo.