Grand Rapids-Kentwood vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 15% cheaper for renters. A 2-bedroom rents for $819/mo vs $945/mo in Grand Rapids-Kentwood — saving $1,512/year.
Rent by Unit Size
| Unit Size | Grand Rapids-Kentwood | Memphis | Difference |
|---|---|---|---|
| Studio | $583 | $560 | $23 |
| 1 Bedroom | $741 | $682 | $59 |
| 2 Bedrooms | $945 | $819 | $126 |
| 3 Bedrooms | $1,145 | $1,011 | $134 |
| 4 Bedrooms | $1,345 | $1,184 | $161 |
| Median Income | $58,686 | $44,652 | $14,034 |
Grand Rapids-Kentwood
- Studio
- $583/mo
- 1 BR
- $741/mo
- 2 BR
- $945/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,345/mo
- Median Income
- $58,686/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 Grand Rapids-Kentwood or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $945/mo in Grand Rapids-Kentwood. That's $126/mo or $1,512/year more expensive in Grand Rapids-Kentwood (15% higher).
What is the 2-bedroom rent in Grand Rapids-Kentwood vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Grand Rapids-Kentwood is $945/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Grand Rapids-Kentwood and Memphis?
The median household income in Grand Rapids-Kentwood is $58,686/year. In Memphis it is $44,652/year. Grand Rapids-Kentwood has the higher median income.
What is the studio rent in Grand Rapids-Kentwood vs Memphis?
A studio apartment Fair Market Rent in Grand Rapids-Kentwood is $583/mo. In Memphis it is $560/mo.