Evansville vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 18% cheaper for renters. A 2-bedroom rents for $694/mo vs $819/mo in Memphis — saving $1,500/year.
Rent by Unit Size
| Unit Size | Evansville | Memphis | Difference |
|---|---|---|---|
| Studio | $442 | $560 | $118 |
| 1 Bedroom | $564 | $682 | $118 |
| 2 Bedrooms | $694 | $819 | $125 |
| 3 Bedrooms | $844 | $1,011 | $167 |
| 4 Bedrooms | $981 | $1,184 | $203 |
| Median Income | $35,376 | $44,652 | $9,276 |
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/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 Evansville or Memphis cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $819/mo in Memphis. That's $125/mo or $1,500/year more expensive in Memphis (18% higher).
What is the 2-bedroom rent in Evansville vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Evansville and Memphis?
The median household income in Evansville is $35,376/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Evansville vs Memphis?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Memphis it is $560/mo.