Cheyenne vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 11% cheaper for renters. A 2-bedroom rents for $819/mo vs $906/mo in Cheyenne — saving $1,044/year.
Rent by Unit Size
| Unit Size | Cheyenne | Memphis | Difference |
|---|---|---|---|
| Studio | $586 | $560 | $26 |
| 1 Bedroom | $741 | $682 | $59 |
| 2 Bedrooms | $906 | $819 | $87 |
| 3 Bedrooms | $1,120 | $1,011 | $109 |
| 4 Bedrooms | $1,322 | $1,184 | $138 |
| Median Income | $46,984 | $44,652 | $2,332 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/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 Cheyenne or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $906/mo in Cheyenne. That's $87/mo or $1,044/year more expensive in Cheyenne (11% higher).
What is the 2-bedroom rent in Cheyenne vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Cheyenne and Memphis?
The median household income in Cheyenne is $46,984/year. In Memphis it is $44,652/year. Cheyenne has the higher median income.
What is the studio rent in Cheyenne vs Memphis?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Memphis it is $560/mo.