Erie vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Erie is 23% cheaper for renters. A 2-bedroom rents for $668/mo vs $819/mo in Memphis — saving $1,812/year.
Rent by Unit Size
| Unit Size | Erie | Memphis | Difference |
|---|---|---|---|
| Studio | $457 | $560 | $103 |
| 1 Bedroom | $553 | $682 | $129 |
| 2 Bedrooms | $668 | $819 | $151 |
| 3 Bedrooms | $861 | $1,011 | $150 |
| 4 Bedrooms | $985 | $1,184 | $199 |
| Median Income | $45,773 | $44,652 | $1,121 |
Erie
- Studio
- $457/mo
- 1 BR
- $553/mo
- 2 BR
- $668/mo
- 3 BR
- $861/mo
- 4 BR
- $985/mo
- Median Income
- $45,773/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 Erie or Memphis cheaper to rent in?
Erie is cheaper — a 2-bedroom Fair Market Rent is $668/mo vs $819/mo in Memphis. That's $151/mo or $1,812/year more expensive in Memphis (23% higher).
What is the 2-bedroom rent in Erie vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Erie is $668/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Erie and Memphis?
The median household income in Erie is $45,773/year. In Memphis it is $44,652/year. Erie has the higher median income.
What is the studio rent in Erie vs Memphis?
A studio apartment Fair Market Rent in Erie is $457/mo. In Memphis it is $560/mo.