Charlottesville vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 31% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,075/mo in Charlottesville — saving $3,072/year.
Rent by Unit Size
| Unit Size | Charlottesville | Memphis | Difference |
|---|---|---|---|
| Studio | $700 | $560 | $140 |
| 1 Bedroom | $878 | $682 | $196 |
| 2 Bedrooms | $1,075 | $819 | $256 |
| 3 Bedrooms | $1,404 | $1,011 | $393 |
| 4 Bedrooms | $1,498 | $1,184 | $314 |
| Median Income | $70,871 | $44,652 | $26,219 |
Charlottesville
- Studio
- $700/mo
- 1 BR
- $878/mo
- 2 BR
- $1,075/mo
- 3 BR
- $1,404/mo
- 4 BR
- $1,498/mo
- Median Income
- $70,871/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 Charlottesville or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,075/mo in Charlottesville. That's $256/mo or $3,072/year more expensive in Charlottesville (31% higher).
What is the 2-bedroom rent in Charlottesville vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Charlottesville is $1,075/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Charlottesville and Memphis?
The median household income in Charlottesville is $70,871/year. In Memphis it is $44,652/year. Charlottesville has the higher median income.
What is the studio rent in Charlottesville vs Memphis?
A studio apartment Fair Market Rent in Charlottesville is $700/mo. In Memphis it is $560/mo.