Cedar Rapids vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 2% cheaper for renters. A 2-bedroom rents for $800/mo vs $819/mo in Memphis — saving $228/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Memphis | Difference |
|---|---|---|---|
| Studio | $530 | $560 | $30 |
| 1 Bedroom | $637 | $682 | $45 |
| 2 Bedrooms | $800 | $819 | $19 |
| 3 Bedrooms | $966 | $1,011 | $45 |
| 4 Bedrooms | $1,168 | $1,184 | $16 |
| Median Income | $45,870 | $44,652 | $1,218 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/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 Cedar Rapids or Memphis cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $819/mo in Memphis. That's $19/mo or $228/year more expensive in Memphis (2% higher).
What is the 2-bedroom rent in Cedar Rapids vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Cedar Rapids and Memphis?
The median household income in Cedar Rapids is $45,870/year. In Memphis it is $44,652/year. Cedar Rapids has the higher median income.
What is the studio rent in Cedar Rapids vs Memphis?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Memphis it is $560/mo.