Great Falls vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 4% cheaper for renters. A 2-bedroom rents for $791/mo vs $819/mo in Memphis — saving $336/year.
Rent by Unit Size
| Unit Size | Great Falls | Memphis | Difference |
|---|---|---|---|
| Studio | $519 | $560 | $41 |
| 1 Bedroom | $625 | $682 | $57 |
| 2 Bedrooms | $791 | $819 | $28 |
| 3 Bedrooms | $997 | $1,011 | $14 |
| 4 Bedrooms | $1,047 | $1,184 | $137 |
| Median Income | $41,522 | $44,652 | $3,130 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Memphis cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $819/mo in Memphis. That's $28/mo or $336/year more expensive in Memphis (4% higher).
What is the 2-bedroom rent in Great Falls vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Great Falls and Memphis?
The median household income in Great Falls is $41,522/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Great Falls vs Memphis?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Memphis it is $560/mo.