Memphis vs Nashville-Davidson-Murfreesboro
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 40% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,144/mo in Nashville-Davidson-Murfreesboro — saving $3,900/year.
Rent by Unit Size
| Unit Size | Memphis | Nashville-Davidson-Murfreesboro | Difference |
|---|---|---|---|
| Studio | $560 | $733 | $173 |
| 1 Bedroom | $682 | $920 | $238 |
| 2 Bedrooms | $819 | $1,144 | $325 |
| 3 Bedrooms | $1,011 | $1,439 | $428 |
| 4 Bedrooms | $1,184 | $1,613 | $429 |
| Median Income | $44,652 | $74,218 | $29,566 |
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
Nashville-Davidson-Murfreesboro
- Studio
- $733/mo
- 1 BR
- $920/mo
- 2 BR
- $1,144/mo
- 3 BR
- $1,439/mo
- 4 BR
- $1,613/mo
- Median Income
- $74,218/yr
Frequently Asked Questions
Is Memphis or Nashville-Davidson-Murfreesboro cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,144/mo in Nashville-Davidson-Murfreesboro. That's $325/mo or $3,900/year more expensive in Nashville-Davidson-Murfreesboro (40% higher).
What is the 2-bedroom rent in Memphis vs Nashville-Davidson-Murfreesboro?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Nashville-Davidson-Murfreesboro, a 2-bedroom FMR is $1,144/month.
How do incomes compare between Memphis and Nashville-Davidson-Murfreesboro?
The median household income in Memphis is $44,652/year. In Nashville-Davidson-Murfreesboro it is $74,218/year. Nashville-Davidson-Murfreesboro has the higher median income.
What is the studio rent in Memphis vs Nashville-Davidson-Murfreesboro?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Nashville-Davidson-Murfreesboro it is $733/mo.