Lubbock vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lubbock is 13% cheaper for renters. A 2-bedroom rents for $727/mo vs $819/mo in Memphis — saving $1,104/year.
Rent by Unit Size
| Unit Size | Lubbock | Memphis | Difference |
|---|---|---|---|
| Studio | $467 | $560 | $93 |
| 1 Bedroom | $585 | $682 | $97 |
| 2 Bedrooms | $727 | $819 | $92 |
| 3 Bedrooms | $896 | $1,011 | $115 |
| 4 Bedrooms | $1,003 | $1,184 | $181 |
| Median Income | $49,610 | $44,652 | $4,958 |
Lubbock
- Studio
- $467/mo
- 1 BR
- $585/mo
- 2 BR
- $727/mo
- 3 BR
- $896/mo
- 4 BR
- $1,003/mo
- Median Income
- $49,610/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 Lubbock or Memphis cheaper to rent in?
Lubbock is cheaper — a 2-bedroom Fair Market Rent is $727/mo vs $819/mo in Memphis. That's $92/mo or $1,104/year more expensive in Memphis (13% higher).
What is the 2-bedroom rent in Lubbock vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Lubbock is $727/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Lubbock and Memphis?
The median household income in Lubbock is $49,610/year. In Memphis it is $44,652/year. Lubbock has the higher median income.
What is the studio rent in Lubbock vs Memphis?
A studio apartment Fair Market Rent in Lubbock is $467/mo. In Memphis it is $560/mo.