Fort Wayne vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fort Wayne is 5% cheaper for renters. A 2-bedroom rents for $777/mo vs $819/mo in Memphis — saving $504/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Memphis | Difference |
|---|---|---|---|
| Studio | $499 | $560 | $61 |
| 1 Bedroom | $639 | $682 | $43 |
| 2 Bedrooms | $777 | $819 | $42 |
| 3 Bedrooms | $969 | $1,011 | $42 |
| 4 Bedrooms | $1,175 | $1,184 | $9 |
| Median Income | $47,806 | $44,652 | $3,154 |
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/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 Fort Wayne or Memphis cheaper to rent in?
Fort Wayne is cheaper — a 2-bedroom Fair Market Rent is $777/mo vs $819/mo in Memphis. That's $42/mo or $504/year more expensive in Memphis (5% higher).
What is the 2-bedroom rent in Fort Wayne vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Fort Wayne and Memphis?
The median household income in Fort Wayne is $47,806/year. In Memphis it is $44,652/year. Fort Wayne has the higher median income.
What is the studio rent in Fort Wayne vs Memphis?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Memphis it is $560/mo.