El Paso vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 6% cheaper for renters. A 2-bedroom rents for $819/mo vs $868/mo in El Paso — saving $588/year.
Rent by Unit Size
| Unit Size | El Paso | Memphis | Difference |
|---|---|---|---|
| Studio | $557 | $560 | $3 |
| 1 Bedroom | $685 | $682 | $3 |
| 2 Bedrooms | $868 | $819 | $49 |
| 3 Bedrooms | $1,052 | $1,011 | $41 |
| 4 Bedrooms | $1,194 | $1,184 | $10 |
| Median Income | $45,964 | $44,652 | $1,312 |
El Paso
- Studio
- $557/mo
- 1 BR
- $685/mo
- 2 BR
- $868/mo
- 3 BR
- $1,052/mo
- 4 BR
- $1,194/mo
- Median Income
- $45,964/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 El Paso or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $868/mo in El Paso. That's $49/mo or $588/year more expensive in El Paso (6% higher).
What is the 2-bedroom rent in El Paso vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in El Paso is $868/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between El Paso and Memphis?
The median household income in El Paso is $45,964/year. In Memphis it is $44,652/year. El Paso has the higher median income.
What is the studio rent in El Paso vs Memphis?
A studio apartment Fair Market Rent in El Paso is $557/mo. In Memphis it is $560/mo.