Chico vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 29% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,059/mo in Chico — saving $2,880/year.
Rent by Unit Size
| Unit Size | Chico | Memphis | Difference |
|---|---|---|---|
| Studio | $698 | $560 | $138 |
| 1 Bedroom | $859 | $682 | $177 |
| 2 Bedrooms | $1,059 | $819 | $240 |
| 3 Bedrooms | $1,354 | $1,011 | $343 |
| 4 Bedrooms | $1,491 | $1,184 | $307 |
| Median Income | $66,884 | $44,652 | $22,232 |
Chico
- Studio
- $698/mo
- 1 BR
- $859/mo
- 2 BR
- $1,059/mo
- 3 BR
- $1,354/mo
- 4 BR
- $1,491/mo
- Median Income
- $66,884/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 Chico or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,059/mo in Chico. That's $240/mo or $2,880/year more expensive in Chico (29% higher).
What is the 2-bedroom rent in Chico vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Chico is $1,059/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Chico and Memphis?
The median household income in Chico is $66,884/year. In Memphis it is $44,652/year. Chico has the higher median income.
What is the studio rent in Chico vs Memphis?
A studio apartment Fair Market Rent in Chico is $698/mo. In Memphis it is $560/mo.