Memphis vs New Orleans-Metairie
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 20% cheaper for renters. A 2-bedroom rents for $819/mo vs $980/mo in New Orleans-Metairie — saving $1,932/year.
Rent by Unit Size
| Unit Size | Memphis | New Orleans-Metairie | Difference |
|---|---|---|---|
| Studio | $560 | $644 | $84 |
| 1 Bedroom | $682 | $781 | $99 |
| 2 Bedrooms | $819 | $980 | $161 |
| 3 Bedrooms | $1,011 | $1,243 | $232 |
| 4 Bedrooms | $1,184 | $1,319 | $135 |
| Median Income | $44,652 | $50,082 | $5,430 |
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 Orleans-Metairie
- Studio
- $644/mo
- 1 BR
- $781/mo
- 2 BR
- $980/mo
- 3 BR
- $1,243/mo
- 4 BR
- $1,319/mo
- Median Income
- $50,082/yr
Frequently Asked Questions
Is Memphis or New Orleans-Metairie cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $980/mo in New Orleans-Metairie. That's $161/mo or $1,932/year more expensive in New Orleans-Metairie (20% higher).
What is the 2-bedroom rent in Memphis vs New Orleans-Metairie?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In New Orleans-Metairie, a 2-bedroom FMR is $980/month.
How do incomes compare between Memphis and New Orleans-Metairie?
The median household income in Memphis is $44,652/year. In New Orleans-Metairie it is $50,082/year. New Orleans-Metairie has the higher median income.
What is the studio rent in Memphis vs New Orleans-Metairie?
A studio apartment Fair Market Rent in Memphis is $560/mo. In New Orleans-Metairie it is $644/mo.