Greenville-Anderson vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 6% cheaper for renters. A 2-bedroom rents for $819/mo vs $872/mo in Greenville-Anderson — saving $636/year.
Rent by Unit Size
| Unit Size | Greenville-Anderson | Memphis | Difference |
|---|---|---|---|
| Studio | $604 | $560 | $44 |
| 1 Bedroom | $722 | $682 | $40 |
| 2 Bedrooms | $872 | $819 | $53 |
| 3 Bedrooms | $1,079 | $1,011 | $68 |
| 4 Bedrooms | $1,276 | $1,184 | $92 |
| Median Income | $58,633 | $44,652 | $13,981 |
Greenville-Anderson
- Studio
- $604/mo
- 1 BR
- $722/mo
- 2 BR
- $872/mo
- 3 BR
- $1,079/mo
- 4 BR
- $1,276/mo
- Median Income
- $58,633/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 Greenville-Anderson or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $872/mo in Greenville-Anderson. That's $53/mo or $636/year more expensive in Greenville-Anderson (6% higher).
What is the 2-bedroom rent in Greenville-Anderson vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Greenville-Anderson is $872/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Greenville-Anderson and Memphis?
The median household income in Greenville-Anderson is $58,633/year. In Memphis it is $44,652/year. Greenville-Anderson has the higher median income.
What is the studio rent in Greenville-Anderson vs Memphis?
A studio apartment Fair Market Rent in Greenville-Anderson is $604/mo. In Memphis it is $560/mo.