Memphis vs Ocala
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 4% cheaper for renters. A 2-bedroom rents for $819/mo vs $850/mo in Ocala — saving $372/year.
Rent by Unit Size
| Unit Size | Memphis | Ocala | Difference |
|---|---|---|---|
| Studio | $560 | $584 | $24 |
| 1 Bedroom | $682 | $712 | $30 |
| 2 Bedrooms | $819 | $850 | $31 |
| 3 Bedrooms | $1,011 | $1,069 | $58 |
| 4 Bedrooms | $1,184 | $1,312 | $128 |
| Median Income | $44,652 | $54,036 | $9,384 |
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
Ocala
- Studio
- $584/mo
- 1 BR
- $712/mo
- 2 BR
- $850/mo
- 3 BR
- $1,069/mo
- 4 BR
- $1,312/mo
- Median Income
- $54,036/yr
Frequently Asked Questions
Is Memphis or Ocala cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $850/mo in Ocala. That's $31/mo or $372/year more expensive in Ocala (4% higher).
What is the 2-bedroom rent in Memphis vs Ocala?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Ocala, a 2-bedroom FMR is $850/month.
How do incomes compare between Memphis and Ocala?
The median household income in Memphis is $44,652/year. In Ocala it is $54,036/year. Ocala has the higher median income.
What is the studio rent in Memphis vs Ocala?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Ocala it is $584/mo.