Cleveland-Elyria vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 3% cheaper for renters. A 2-bedroom rents for $819/mo vs $844/mo in Cleveland-Elyria — saving $300/year.
Rent by Unit Size
| Unit Size | Cleveland-Elyria | Memphis | Difference |
|---|---|---|---|
| Studio | $566 | $560 | $6 |
| 1 Bedroom | $677 | $682 | $5 |
| 2 Bedrooms | $844 | $819 | $25 |
| 3 Bedrooms | $1,081 | $1,011 | $70 |
| 4 Bedrooms | $1,197 | $1,184 | $13 |
| Median Income | $59,020 | $44,652 | $14,368 |
Cleveland-Elyria
- Studio
- $566/mo
- 1 BR
- $677/mo
- 2 BR
- $844/mo
- 3 BR
- $1,081/mo
- 4 BR
- $1,197/mo
- Median Income
- $59,020/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 Cleveland-Elyria or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $844/mo in Cleveland-Elyria. That's $25/mo or $300/year more expensive in Cleveland-Elyria (3% higher).
What is the 2-bedroom rent in Cleveland-Elyria vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Cleveland-Elyria is $844/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Cleveland-Elyria and Memphis?
The median household income in Cleveland-Elyria is $59,020/year. In Memphis it is $44,652/year. Cleveland-Elyria has the higher median income.
What is the studio rent in Cleveland-Elyria vs Memphis?
A studio apartment Fair Market Rent in Cleveland-Elyria is $566/mo. In Memphis it is $560/mo.