Cape Coral-Fort Myers vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 43% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,171/mo in Cape Coral-Fort Myers — saving $4,224/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Memphis | Difference |
|---|---|---|---|
| Studio | $802 | $560 | $242 |
| 1 Bedroom | $985 | $682 | $303 |
| 2 Bedrooms | $1,171 | $819 | $352 |
| 3 Bedrooms | $1,479 | $1,011 | $468 |
| 4 Bedrooms | $1,690 | $1,184 | $506 |
| Median Income | $72,521 | $44,652 | $27,869 |
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/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 Cape Coral-Fort Myers or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $352/mo or $4,224/year more expensive in Cape Coral-Fort Myers (43% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Cape Coral-Fort Myers and Memphis?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Memphis it is $44,652/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Memphis?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Memphis it is $560/mo.