Laredo vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 17% cheaper for renters. A 2-bedroom rents for $698/mo vs $819/mo in Memphis — saving $1,452/year.
Rent by Unit Size
| Unit Size | Laredo | Memphis | Difference |
|---|---|---|---|
| Studio | $463 | $560 | $97 |
| 1 Bedroom | $552 | $682 | $130 |
| 2 Bedrooms | $698 | $819 | $121 |
| 3 Bedrooms | $851 | $1,011 | $160 |
| 4 Bedrooms | $966 | $1,184 | $218 |
| Median Income | $40,343 | $44,652 | $4,309 |
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/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 Laredo or Memphis cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $819/mo in Memphis. That's $121/mo or $1,452/year more expensive in Memphis (17% higher).
What is the 2-bedroom rent in Laredo vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Laredo is $698/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Laredo and Memphis?
The median household income in Laredo is $40,343/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Laredo vs Memphis?
A studio apartment Fair Market Rent in Laredo is $463/mo. In Memphis it is $560/mo.