Lafayette vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 11% cheaper for renters. A 2-bedroom rents for $741/mo vs $819/mo in Memphis — saving $936/year.
Rent by Unit Size
| Unit Size | Lafayette | Memphis | Difference |
|---|---|---|---|
| Studio | $502 | $560 | $58 |
| 1 Bedroom | $626 | $682 | $56 |
| 2 Bedrooms | $741 | $819 | $78 |
| 3 Bedrooms | $958 | $1,011 | $53 |
| 4 Bedrooms | $1,134 | $1,184 | $50 |
| Median Income | $38,989 | $44,652 | $5,663 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/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 Lafayette or Memphis cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $819/mo in Memphis. That's $78/mo or $936/year more expensive in Memphis (11% higher).
What is the 2-bedroom rent in Lafayette vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Lafayette and Memphis?
The median household income in Lafayette is $38,989/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Lafayette vs Memphis?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Memphis it is $560/mo.