Memphis vs Miami-Fort Lauderdale-Pompano Beach
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 88% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,543/mo in Miami-Fort Lauderdale-Pompano Beach — saving $8,688/year.
Rent by Unit Size
| Unit Size | Memphis | Miami-Fort Lauderdale-Pompano Beach | Difference |
|---|---|---|---|
| Studio | $560 | $979 | $419 |
| 1 Bedroom | $682 | $1,206 | $524 |
| 2 Bedrooms | $819 | $1,543 | $724 |
| 3 Bedrooms | $1,011 | $1,928 | $917 |
| 4 Bedrooms | $1,184 | $2,007 | $823 |
| Median Income | $44,652 | $86,139 | $41,487 |
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
Miami-Fort Lauderdale-Pompano Beach
- Studio
- $979/mo
- 1 BR
- $1,206/mo
- 2 BR
- $1,543/mo
- 3 BR
- $1,928/mo
- 4 BR
- $2,007/mo
- Median Income
- $86,139/yr
Frequently Asked Questions
Is Memphis or Miami-Fort Lauderdale-Pompano Beach cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,543/mo in Miami-Fort Lauderdale-Pompano Beach. That's $724/mo or $8,688/year more expensive in Miami-Fort Lauderdale-Pompano Beach (88% higher).
What is the 2-bedroom rent in Memphis vs Miami-Fort Lauderdale-Pompano Beach?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Miami-Fort Lauderdale-Pompano Beach, a 2-bedroom FMR is $1,543/month.
How do incomes compare between Memphis and Miami-Fort Lauderdale-Pompano Beach?
The median household income in Memphis is $44,652/year. In Miami-Fort Lauderdale-Pompano Beach it is $86,139/year. Miami-Fort Lauderdale-Pompano Beach has the higher median income.
What is the studio rent in Memphis vs Miami-Fort Lauderdale-Pompano Beach?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Miami-Fort Lauderdale-Pompano Beach it is $979/mo.