Lake Charles vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lake Charles is 11% cheaper for renters. A 2-bedroom rents for $735/mo vs $819/mo in Memphis — saving $1,008/year.
Rent by Unit Size
| Unit Size | Lake Charles | Memphis | Difference |
|---|---|---|---|
| Studio | $490 | $560 | $70 |
| 1 Bedroom | $592 | $682 | $90 |
| 2 Bedrooms | $735 | $819 | $84 |
| 3 Bedrooms | $930 | $1,011 | $81 |
| 4 Bedrooms | $984 | $1,184 | $200 |
| Median Income | $45,479 | $44,652 | $827 |
Lake Charles
- Studio
- $490/mo
- 1 BR
- $592/mo
- 2 BR
- $735/mo
- 3 BR
- $930/mo
- 4 BR
- $984/mo
- Median Income
- $45,479/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 Lake Charles or Memphis cheaper to rent in?
Lake Charles is cheaper — a 2-bedroom Fair Market Rent is $735/mo vs $819/mo in Memphis. That's $84/mo or $1,008/year more expensive in Memphis (11% higher).
What is the 2-bedroom rent in Lake Charles vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Lake Charles is $735/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Lake Charles and Memphis?
The median household income in Lake Charles is $45,479/year. In Memphis it is $44,652/year. Lake Charles has the higher median income.
What is the studio rent in Lake Charles vs Memphis?
A studio apartment Fair Market Rent in Lake Charles is $490/mo. In Memphis it is $560/mo.