Memphis vs New Haven-Milford
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 45% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,189/mo in New Haven-Milford — saving $4,440/year.
Rent by Unit Size
| Unit Size | Memphis | New Haven-Milford | Difference |
|---|---|---|---|
| Studio | $560 | $808 | $248 |
| 1 Bedroom | $682 | $974 | $292 |
| 2 Bedrooms | $819 | $1,189 | $370 |
| 3 Bedrooms | $1,011 | $1,507 | $496 |
| 4 Bedrooms | $1,184 | $1,637 | $453 |
| Median Income | $44,652 | $68,368 | $23,716 |
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
New Haven-Milford
- Studio
- $808/mo
- 1 BR
- $974/mo
- 2 BR
- $1,189/mo
- 3 BR
- $1,507/mo
- 4 BR
- $1,637/mo
- Median Income
- $68,368/yr
Frequently Asked Questions
Is Memphis or New Haven-Milford cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,189/mo in New Haven-Milford. That's $370/mo or $4,440/year more expensive in New Haven-Milford (45% higher).
What is the 2-bedroom rent in Memphis vs New Haven-Milford?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In New Haven-Milford, a 2-bedroom FMR is $1,189/month.
How do incomes compare between Memphis and New Haven-Milford?
The median household income in Memphis is $44,652/year. In New Haven-Milford it is $68,368/year. New Haven-Milford has the higher median income.
What is the studio rent in Memphis vs New Haven-Milford?
A studio apartment Fair Market Rent in Memphis is $560/mo. In New Haven-Milford it is $808/mo.