Lynchburg vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lynchburg is 14% cheaper for renters. A 2-bedroom rents for $721/mo vs $819/mo in Memphis — saving $1,176/year.
Rent by Unit Size
| Unit Size | Lynchburg | Memphis | Difference |
|---|---|---|---|
| Studio | $494 | $560 | $66 |
| 1 Bedroom | $589 | $682 | $93 |
| 2 Bedrooms | $721 | $819 | $98 |
| 3 Bedrooms | $933 | $1,011 | $78 |
| 4 Bedrooms | $1,024 | $1,184 | $160 |
| Median Income | $37,857 | $44,652 | $6,795 |
Lynchburg
- Studio
- $494/mo
- 1 BR
- $589/mo
- 2 BR
- $721/mo
- 3 BR
- $933/mo
- 4 BR
- $1,024/mo
- Median Income
- $37,857/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 Lynchburg or Memphis cheaper to rent in?
Lynchburg is cheaper — a 2-bedroom Fair Market Rent is $721/mo vs $819/mo in Memphis. That's $98/mo or $1,176/year more expensive in Memphis (14% higher).
What is the 2-bedroom rent in Lynchburg vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Lynchburg is $721/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Lynchburg and Memphis?
The median household income in Lynchburg is $37,857/year. In Memphis it is $44,652/year. Memphis has the higher median income.
What is the studio rent in Lynchburg vs Memphis?
A studio apartment Fair Market Rent in Lynchburg is $494/mo. In Memphis it is $560/mo.