Concord vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 33% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,088/mo in Concord — saving $3,228/year.
Rent by Unit Size
| Unit Size | Concord | Memphis | Difference |
|---|---|---|---|
| Studio | $755 | $560 | $195 |
| 1 Bedroom | $912 | $682 | $230 |
| 2 Bedrooms | $1,088 | $819 | $269 |
| 3 Bedrooms | $1,418 | $1,011 | $407 |
| 4 Bedrooms | $1,586 | $1,184 | $402 |
| Median Income | $53,649 | $44,652 | $8,997 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/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 Concord or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,088/mo in Concord. That's $269/mo or $3,228/year more expensive in Concord (33% higher).
What is the 2-bedroom rent in Concord vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Concord and Memphis?
The median household income in Concord is $53,649/year. In Memphis it is $44,652/year. Concord has the higher median income.
What is the studio rent in Concord vs Memphis?
A studio apartment Fair Market Rent in Concord is $755/mo. In Memphis it is $560/mo.