Jacksonville vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 32% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,082/mo in Jacksonville — saving $3,156/year.
Rent by Unit Size
| Unit Size | Jacksonville | Memphis | Difference |
|---|---|---|---|
| Studio | $693 | $560 | $133 |
| 1 Bedroom | $862 | $682 | $180 |
| 2 Bedrooms | $1,082 | $819 | $263 |
| 3 Bedrooms | $1,360 | $1,011 | $349 |
| 4 Bedrooms | $1,586 | $1,184 | $402 |
| Median Income | $66,591 | $44,652 | $21,939 |
Jacksonville
- Studio
- $693/mo
- 1 BR
- $862/mo
- 2 BR
- $1,082/mo
- 3 BR
- $1,360/mo
- 4 BR
- $1,586/mo
- Median Income
- $66,591/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 Jacksonville or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,082/mo in Jacksonville. That's $263/mo or $3,156/year more expensive in Jacksonville (32% higher).
What is the 2-bedroom rent in Jacksonville vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Jacksonville is $1,082/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Jacksonville and Memphis?
The median household income in Jacksonville is $66,591/year. In Memphis it is $44,652/year. Jacksonville has the higher median income.
What is the studio rent in Jacksonville vs Memphis?
A studio apartment Fair Market Rent in Jacksonville is $693/mo. In Memphis it is $560/mo.