Las Cruces vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Las Cruces is 2% cheaper for renters. A 2-bedroom rents for $806/mo vs $819/mo in Memphis — saving $156/year.
Rent by Unit Size
| Unit Size | Las Cruces | Memphis | Difference |
|---|---|---|---|
| Studio | $537 | $560 | $23 |
| 1 Bedroom | $638 | $682 | $44 |
| 2 Bedrooms | $806 | $819 | $13 |
| 3 Bedrooms | $949 | $1,011 | $62 |
| 4 Bedrooms | $1,133 | $1,184 | $51 |
| Median Income | $43,858 | $44,652 | $794 |
Las Cruces
- Studio
- $537/mo
- 1 BR
- $638/mo
- 2 BR
- $806/mo
- 3 BR
- $949/mo
- 4 BR
- $1,133/mo
- Median Income
- $43,858/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 Las Cruces or Memphis cheaper to rent in?
Las Cruces is cheaper — a 2-bedroom Fair Market Rent is $806/mo vs $819/mo in Memphis. That's $13/mo or $156/year more expensive in Memphis (2% higher).
What is the 2-bedroom rent in Las Cruces vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Las Cruces is $806/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Las Cruces and Memphis?
The median household income in Las Cruces is $43,858/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Las Cruces vs Memphis?
A studio apartment Fair Market Rent in Las Cruces is $537/mo. In Memphis it is $560/mo.