Columbia 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 $927/mo in Columbia — saving $1,296/year.
Rent by Unit Size
| Unit Size | Columbia | Memphis | Difference |
|---|---|---|---|
| Studio | $644 | $560 | $84 |
| 1 Bedroom | $771 | $682 | $89 |
| 2 Bedrooms | $927 | $819 | $108 |
| 3 Bedrooms | $1,178 | $1,011 | $167 |
| 4 Bedrooms | $1,341 | $1,184 | $157 |
| Median Income | $53,072 | $44,652 | $8,420 |
Columbia
- Studio
- $644/mo
- 1 BR
- $771/mo
- 2 BR
- $927/mo
- 3 BR
- $1,178/mo
- 4 BR
- $1,341/mo
- Median Income
- $53,072/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 Columbia or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $927/mo in Columbia. That's $108/mo or $1,296/year more expensive in Columbia (13% higher).
What is the 2-bedroom rent in Columbia vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Columbia is $927/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Columbia and Memphis?
The median household income in Columbia is $53,072/year. In Memphis it is $44,652/year. Columbia has the higher median income.
What is the studio rent in Columbia vs Memphis?
A studio apartment Fair Market Rent in Columbia is $644/mo. In Memphis it is $560/mo.