Casper vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Casper is 3% cheaper for renters. A 2-bedroom rents for $795/mo vs $819/mo in Memphis — saving $288/year.
Rent by Unit Size
| Unit Size | Casper | Memphis | Difference |
|---|---|---|---|
| Studio | $561 | $560 | $1 |
| 1 Bedroom | $666 | $682 | $16 |
| 2 Bedrooms | $795 | $819 | $24 |
| 3 Bedrooms | $1,009 | $1,011 | $2 |
| 4 Bedrooms | $1,224 | $1,184 | $40 |
| Median Income | $43,997 | $44,652 | $655 |
Casper
- Studio
- $561/mo
- 1 BR
- $666/mo
- 2 BR
- $795/mo
- 3 BR
- $1,009/mo
- 4 BR
- $1,224/mo
- Median Income
- $43,997/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 Casper or Memphis cheaper to rent in?
Casper is cheaper — a 2-bedroom Fair Market Rent is $795/mo vs $819/mo in Memphis. That's $24/mo or $288/year more expensive in Memphis (3% higher).
What is the 2-bedroom rent in Casper vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Casper is $795/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Casper and Memphis?
The median household income in Casper is $43,997/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Casper vs Memphis?
A studio apartment Fair Market Rent in Casper is $561/mo. In Memphis it is $560/mo.