Chattanooga vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 0% cheaper for renters. A 2-bedroom rents for $819/mo vs $820/mo in Chattanooga — saving $12/year.
Rent by Unit Size
| Unit Size | Chattanooga | Memphis | Difference |
|---|---|---|---|
| Studio | $557 | $560 | $3 |
| 1 Bedroom | $669 | $682 | $13 |
| 2 Bedrooms | $820 | $819 | $1 |
| 3 Bedrooms | $1,035 | $1,011 | $24 |
| 4 Bedrooms | $1,226 | $1,184 | $42 |
| Median Income | $44,498 | $44,652 | $154 |
Chattanooga
- Studio
- $557/mo
- 1 BR
- $669/mo
- 2 BR
- $820/mo
- 3 BR
- $1,035/mo
- 4 BR
- $1,226/mo
- Median Income
- $44,498/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 Chattanooga or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $820/mo in Chattanooga. That's $1/mo or $12/year more expensive in Chattanooga (0% higher).
What is the 2-bedroom rent in Chattanooga vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Chattanooga is $820/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Chattanooga and Memphis?
The median household income in Chattanooga is $44,498/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Chattanooga vs Memphis?
A studio apartment Fair Market Rent in Chattanooga is $557/mo. In Memphis it is $560/mo.