Memphis vs Missoula
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 32% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,081/mo in Missoula — saving $3,144/year.
Rent by Unit Size
| Unit Size | Memphis | Missoula | Difference |
|---|---|---|---|
| Studio | $560 | $762 | $202 |
| 1 Bedroom | $682 | $909 | $227 |
| 2 Bedrooms | $819 | $1,081 | $262 |
| 3 Bedrooms | $1,011 | $1,423 | $412 |
| 4 Bedrooms | $1,184 | $1,651 | $467 |
| Median Income | $44,652 | $73,596 | $28,944 |
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
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/yr
Frequently Asked Questions
Is Memphis or Missoula cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,081/mo in Missoula. That's $262/mo or $3,144/year more expensive in Missoula (32% higher).
What is the 2-bedroom rent in Memphis vs Missoula?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Missoula, a 2-bedroom FMR is $1,081/month.
How do incomes compare between Memphis and Missoula?
The median household income in Memphis is $44,652/year. In Missoula it is $73,596/year. Missoula has the higher median income.
What is the studio rent in Memphis vs Missoula?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Missoula it is $762/mo.