Colorado Springs vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 39% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,142/mo in Colorado Springs — saving $3,876/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Memphis | Difference |
|---|---|---|---|
| Studio | $778 | $560 | $218 |
| 1 Bedroom | $959 | $682 | $277 |
| 2 Bedrooms | $1,142 | $819 | $323 |
| 3 Bedrooms | $1,510 | $1,011 | $499 |
| 4 Bedrooms | $1,677 | $1,184 | $493 |
| Median Income | $70,288 | $44,652 | $25,636 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,142/mo in Colorado Springs. That's $323/mo or $3,876/year more expensive in Colorado Springs (39% higher).
What is the 2-bedroom rent in Colorado Springs vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Colorado Springs and Memphis?
The median household income in Colorado Springs is $70,288/year. In Memphis it is $44,652/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Memphis?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Memphis it is $560/mo.