Cincinnati vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 13% cheaper for renters. A 2-bedroom rents for $819/mo vs $924/mo in Cincinnati — saving $1,260/year.
Rent by Unit Size
| Unit Size | Cincinnati | Memphis | Difference |
|---|---|---|---|
| Studio | $616 | $560 | $56 |
| 1 Bedroom | $741 | $682 | $59 |
| 2 Bedrooms | $924 | $819 | $105 |
| 3 Bedrooms | $1,099 | $1,011 | $88 |
| 4 Bedrooms | $1,252 | $1,184 | $68 |
| Median Income | $47,367 | $44,652 | $2,715 |
Cincinnati
- Studio
- $616/mo
- 1 BR
- $741/mo
- 2 BR
- $924/mo
- 3 BR
- $1,099/mo
- 4 BR
- $1,252/mo
- Median Income
- $47,367/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 Cincinnati or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $924/mo in Cincinnati. That's $105/mo or $1,260/year more expensive in Cincinnati (13% higher).
What is the 2-bedroom rent in Cincinnati vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Cincinnati is $924/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Cincinnati and Memphis?
The median household income in Cincinnati is $47,367/year. In Memphis it is $44,652/year. Cincinnati has the higher median income.
What is the studio rent in Cincinnati vs Memphis?
A studio apartment Fair Market Rent in Cincinnati is $616/mo. In Memphis it is $560/mo.