Medford vs Memphis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 30% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,065/mo in Medford — saving $2,952/year.
Rent by Unit Size
| Unit Size | Medford | Memphis | Difference |
|---|---|---|---|
| Studio | $704 | $560 | $144 |
| 1 Bedroom | $865 | $682 | $183 |
| 2 Bedrooms | $1,065 | $819 | $246 |
| 3 Bedrooms | $1,318 | $1,011 | $307 |
| 4 Bedrooms | $1,480 | $1,184 | $296 |
| Median Income | $51,417 | $44,652 | $6,765 |
Medford
- Studio
- $704/mo
- 1 BR
- $865/mo
- 2 BR
- $1,065/mo
- 3 BR
- $1,318/mo
- 4 BR
- $1,480/mo
- Median Income
- $51,417/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 Medford or Memphis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,065/mo in Medford. That's $246/mo or $2,952/year more expensive in Medford (30% higher).
What is the 2-bedroom rent in Medford vs Memphis?
The HUD Fair Market Rent for a 2-bedroom in Medford is $1,065/month. In Memphis, a 2-bedroom FMR is $819/month.
How do incomes compare between Medford and Memphis?
The median household income in Medford is $51,417/year. In Memphis it is $44,652/year. Medford has the higher median income.
What is the studio rent in Medford vs Memphis?
A studio apartment Fair Market Rent in Medford is $704/mo. In Memphis it is $560/mo.