Lincoln vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 2% cheaper for renters. A 2-bedroom rents for $819/mo vs $835/mo in Lincoln — saving $192/year.
Rent by Unit Size
| Unit Size | Lincoln | Memphis | Difference |
|---|---|---|---|
| Studio | $561 | $560 | $1 |
| 1 Bedroom | $685 | $682 | $3 |
| 2 Bedrooms | $835 | $819 | $16 |
| 3 Bedrooms | $1,007 | $1,011 | $4 |
| 4 Bedrooms | $1,216 | $1,184 | $32 |
| Median Income | $40,210 | $44,652 | $4,442 |
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/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 Lincoln or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $835/mo in Lincoln. That's $16/mo or $192/year more expensive in Lincoln (2% higher).
What is the 2-bedroom rent in Lincoln vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Lincoln is $835/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Lincoln and Memphis?
The median household income in Lincoln is $40,210/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Lincoln vs Memphis?
A studio apartment Fair Market Rent in Lincoln is $561/mo. In Memphis it is $560/mo.