Eugene-Springfield 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 $1,086/mo in Eugene-Springfield — saving $3,204/year.
Rent by Unit Size
| Unit Size | Eugene-Springfield | Memphis | Difference |
|---|---|---|---|
| Studio | $766 | $560 | $206 |
| 1 Bedroom | $910 | $682 | $228 |
| 2 Bedrooms | $1,086 | $819 | $267 |
| 3 Bedrooms | $1,381 | $1,011 | $370 |
| 4 Bedrooms | $1,623 | $1,184 | $439 |
| Median Income | $70,814 | $44,652 | $26,162 |
Eugene-Springfield
- Studio
- $766/mo
- 1 BR
- $910/mo
- 2 BR
- $1,086/mo
- 3 BR
- $1,381/mo
- 4 BR
- $1,623/mo
- Median Income
- $70,814/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 Eugene-Springfield or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,086/mo in Eugene-Springfield. That's $267/mo or $3,204/year more expensive in Eugene-Springfield (33% higher).
What is the 2-bedroom rent in Eugene-Springfield vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Eugene-Springfield is $1,086/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Eugene-Springfield and Memphis?
The median household income in Eugene-Springfield is $70,814/year. In Memphis it is $44,652/year. Eugene-Springfield has the higher median income.
What is the studio rent in Eugene-Springfield vs Memphis?
A studio apartment Fair Market Rent in Eugene-Springfield is $766/mo. In Memphis it is $560/mo.