Durham-Chapel Hill vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 34% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,098/mo in Durham-Chapel Hill — saving $3,348/year.
Rent by Unit Size
| Unit Size | Durham-Chapel Hill | Memphis | Difference |
|---|---|---|---|
| Studio | $730 | $560 | $170 |
| 1 Bedroom | $882 | $682 | $200 |
| 2 Bedrooms | $1,098 | $819 | $279 |
| 3 Bedrooms | $1,391 | $1,011 | $380 |
| 4 Bedrooms | $1,605 | $1,184 | $421 |
| Median Income | $69,791 | $44,652 | $25,139 |
Durham-Chapel Hill
- Studio
- $730/mo
- 1 BR
- $882/mo
- 2 BR
- $1,098/mo
- 3 BR
- $1,391/mo
- 4 BR
- $1,605/mo
- Median Income
- $69,791/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 Durham-Chapel Hill or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,098/mo in Durham-Chapel Hill. That's $279/mo or $3,348/year more expensive in Durham-Chapel Hill (34% higher).
What is the 2-bedroom rent in Durham-Chapel Hill vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Durham-Chapel Hill is $1,098/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Durham-Chapel Hill and Memphis?
The median household income in Durham-Chapel Hill is $69,791/year. In Memphis it is $44,652/year. Durham-Chapel Hill has the higher median income.
What is the studio rent in Durham-Chapel Hill vs Memphis?
A studio apartment Fair Market Rent in Durham-Chapel Hill is $730/mo. In Memphis it is $560/mo.