Memphis vs Minneapolis-St. Paul-Bloomington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 33% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $3,264/year.
Rent by Unit Size
| Unit Size | Memphis | Minneapolis-St. Paul-Bloomington | Difference |
|---|---|---|---|
| Studio | $560 | $731 | $171 |
| 1 Bedroom | $682 | $917 | $235 |
| 2 Bedrooms | $819 | $1,091 | $272 |
| 3 Bedrooms | $1,011 | $1,436 | $425 |
| 4 Bedrooms | $1,184 | $1,675 | $491 |
| Median Income | $44,652 | $69,491 | $24,839 |
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
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/yr
Frequently Asked Questions
Is Memphis or Minneapolis-St. Paul-Bloomington cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $272/mo or $3,264/year more expensive in Minneapolis-St. Paul-Bloomington (33% higher).
What is the 2-bedroom rent in Memphis vs Minneapolis-St. Paul-Bloomington?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Minneapolis-St. Paul-Bloomington, a 2-bedroom FMR is $1,091/month.
How do incomes compare between Memphis and Minneapolis-St. Paul-Bloomington?
The median household income in Memphis is $44,652/year. In Minneapolis-St. Paul-Bloomington it is $69,491/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Memphis vs Minneapolis-St. Paul-Bloomington?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Minneapolis-St. Paul-Bloomington it is $731/mo.