Honolulu vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 137% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,937/mo in Honolulu — saving $13,416/year.
Rent by Unit Size
| Unit Size | Honolulu | Memphis | Difference |
|---|---|---|---|
| Studio | $1,256 | $560 | $696 |
| 1 Bedroom | $1,543 | $682 | $861 |
| 2 Bedrooms | $1,937 | $819 | $1,118 |
| 3 Bedrooms | $2,397 | $1,011 | $1,386 |
| 4 Bedrooms | $2,745 | $1,184 | $1,561 |
| Median Income | $116,677 | $44,652 | $72,025 |
Honolulu
- Studio
- $1,256/mo
- 1 BR
- $1,543/mo
- 2 BR
- $1,937/mo
- 3 BR
- $2,397/mo
- 4 BR
- $2,745/mo
- Median Income
- $116,677/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 Honolulu or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,937/mo in Honolulu. That's $1,118/mo or $13,416/year more expensive in Honolulu (137% higher).
What is the 2-bedroom rent in Honolulu vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Honolulu is $1,937/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Honolulu and Memphis?
The median household income in Honolulu is $116,677/year. In Memphis it is $44,652/year. Honolulu has the higher median income.
What is the studio rent in Honolulu vs Memphis?
A studio apartment Fair Market Rent in Honolulu is $1,256/mo. In Memphis it is $560/mo.