Memphis vs Mobile
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Mobile is 10% cheaper for renters. A 2-bedroom rents for $746/mo vs $819/mo in Memphis — saving $876/year.
Rent by Unit Size
| Unit Size | Memphis | Mobile | Difference |
|---|---|---|---|
| Studio | $560 | $495 | $65 |
| 1 Bedroom | $682 | $626 | $56 |
| 2 Bedrooms | $819 | $746 | $73 |
| 3 Bedrooms | $1,011 | $958 | $53 |
| 4 Bedrooms | $1,184 | $1,154 | $30 |
| Median Income | $44,652 | $43,599 | $1,053 |
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
Mobile
- Studio
- $495/mo
- 1 BR
- $626/mo
- 2 BR
- $746/mo
- 3 BR
- $958/mo
- 4 BR
- $1,154/mo
- Median Income
- $43,599/yr
Frequently Asked Questions
Is Memphis or Mobile cheaper to rent in?
Mobile is cheaper — a 2-bedroom Fair Market Rent is $746/mo vs $819/mo in Memphis. That's $73/mo or $876/year more expensive in Memphis (10% higher).
What is the 2-bedroom rent in Memphis vs Mobile?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Mobile, a 2-bedroom FMR is $746/month.
How do incomes compare between Memphis and Mobile?
The median household income in Memphis is $44,652/year. In Mobile it is $43,599/year. Memphis has the higher median income.
What is the studio rent in Memphis vs Mobile?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Mobile it is $495/mo.