Champaign-Urbana vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Champaign-Urbana is 7% cheaper for renters. A 2-bedroom rents for $764/mo vs $819/mo in Memphis — saving $660/year.
Rent by Unit Size
| Unit Size | Champaign-Urbana | Memphis | Difference |
|---|---|---|---|
| Studio | $503 | $560 | $57 |
| 1 Bedroom | $642 | $682 | $40 |
| 2 Bedrooms | $764 | $819 | $55 |
| 3 Bedrooms | $1,017 | $1,011 | $6 |
| 4 Bedrooms | $1,103 | $1,184 | $81 |
| Median Income | $49,808 | $44,652 | $5,156 |
Champaign-Urbana
- Studio
- $503/mo
- 1 BR
- $642/mo
- 2 BR
- $764/mo
- 3 BR
- $1,017/mo
- 4 BR
- $1,103/mo
- Median Income
- $49,808/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 Champaign-Urbana or Memphis cheaper to rent in?
Champaign-Urbana is cheaper — a 2-bedroom Fair Market Rent is $764/mo vs $819/mo in Memphis. That's $55/mo or $660/year more expensive in Memphis (7% higher).
What is the 2-bedroom rent in Champaign-Urbana vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Champaign-Urbana is $764/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Champaign-Urbana and Memphis?
The median household income in Champaign-Urbana is $49,808/year. In Memphis it is $44,652/year. Champaign-Urbana has the higher median income.
What is the studio rent in Champaign-Urbana vs Memphis?
A studio apartment Fair Market Rent in Champaign-Urbana is $503/mo. In Memphis it is $560/mo.