Gainesville vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 23% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,011/mo in Gainesville — saving $2,304/year.
Rent by Unit Size
| Unit Size | Gainesville | Memphis | Difference |
|---|---|---|---|
| Studio | $680 | $560 | $120 |
| 1 Bedroom | $802 | $682 | $120 |
| 2 Bedrooms | $1,011 | $819 | $192 |
| 3 Bedrooms | $1,236 | $1,011 | $225 |
| 4 Bedrooms | $1,426 | $1,184 | $242 |
| Median Income | $47,354 | $44,652 | $2,702 |
Gainesville
- Studio
- $680/mo
- 1 BR
- $802/mo
- 2 BR
- $1,011/mo
- 3 BR
- $1,236/mo
- 4 BR
- $1,426/mo
- Median Income
- $47,354/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 Gainesville or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,011/mo in Gainesville. That's $192/mo or $2,304/year more expensive in Gainesville (23% higher).
What is the 2-bedroom rent in Gainesville vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Gainesville is $1,011/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Gainesville and Memphis?
The median household income in Gainesville is $47,354/year. In Memphis it is $44,652/year. Gainesville has the higher median income.
What is the studio rent in Gainesville vs Memphis?
A studio apartment Fair Market Rent in Gainesville is $680/mo. In Memphis it is $560/mo.