Memphis vs Milwaukee-Waukesha
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 15% cheaper for renters. A 2-bedroom rents for $819/mo vs $941/mo in Milwaukee-Waukesha — saving $1,464/year.
Rent by Unit Size
| Unit Size | Memphis | Milwaukee-Waukesha | Difference |
|---|---|---|---|
| Studio | $560 | $640 | $80 |
| 1 Bedroom | $682 | $760 | $78 |
| 2 Bedrooms | $819 | $941 | $122 |
| 3 Bedrooms | $1,011 | $1,181 | $170 |
| 4 Bedrooms | $1,184 | $1,384 | $200 |
| Median Income | $44,652 | $63,161 | $18,509 |
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
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/yr
Frequently Asked Questions
Is Memphis or Milwaukee-Waukesha cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $941/mo in Milwaukee-Waukesha. That's $122/mo or $1,464/year more expensive in Milwaukee-Waukesha (15% higher).
What is the 2-bedroom rent in Memphis vs Milwaukee-Waukesha?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Milwaukee-Waukesha, a 2-bedroom FMR is $941/month.
How do incomes compare between Memphis and Milwaukee-Waukesha?
The median household income in Memphis is $44,652/year. In Milwaukee-Waukesha it is $63,161/year. Milwaukee-Waukesha has the higher median income.
What is the studio rent in Memphis vs Milwaukee-Waukesha?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Milwaukee-Waukesha it is $640/mo.