Louisville-Jefferson County 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 Louisville-Jefferson County — saving $192/year.
Rent by Unit Size
| Unit Size | Louisville-Jefferson County | Memphis | Difference |
|---|---|---|---|
| Studio | $555 | $560 | $5 |
| 1 Bedroom | $707 | $682 | $25 |
| 2 Bedrooms | $835 | $819 | $16 |
| 3 Bedrooms | $1,082 | $1,011 | $71 |
| 4 Bedrooms | $1,307 | $1,184 | $123 |
| Median Income | $52,763 | $44,652 | $8,111 |
Louisville-Jefferson County
- Studio
- $555/mo
- 1 BR
- $707/mo
- 2 BR
- $835/mo
- 3 BR
- $1,082/mo
- 4 BR
- $1,307/mo
- Median Income
- $52,763/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 Louisville-Jefferson County or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $835/mo in Louisville-Jefferson County. That's $16/mo or $192/year more expensive in Louisville-Jefferson County (2% higher).
What is the 2-bedroom rent in Louisville-Jefferson County vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Louisville-Jefferson County is $835/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Louisville-Jefferson County and Memphis?
The median household income in Louisville-Jefferson County is $52,763/year. In Memphis it is $44,652/year. Louisville-Jefferson County has the higher median income.
What is the studio rent in Louisville-Jefferson County vs Memphis?
A studio apartment Fair Market Rent in Louisville-Jefferson County is $555/mo. In Memphis it is $560/mo.