Memphis vs Oklahoma City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Oklahoma City is 2% cheaper for renters. A 2-bedroom rents for $805/mo vs $819/mo in Memphis — saving $168/year.
Rent by Unit Size
| Unit Size | Memphis | Oklahoma City | Difference |
|---|---|---|---|
| Studio | $560 | $543 | $17 |
| 1 Bedroom | $682 | $673 | $9 |
| 2 Bedrooms | $819 | $805 | $14 |
| 3 Bedrooms | $1,011 | $1,023 | $12 |
| 4 Bedrooms | $1,184 | $1,127 | $57 |
| Median Income | $44,652 | $52,559 | $7,907 |
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
Oklahoma City
- Studio
- $543/mo
- 1 BR
- $673/mo
- 2 BR
- $805/mo
- 3 BR
- $1,023/mo
- 4 BR
- $1,127/mo
- Median Income
- $52,559/yr
Frequently Asked Questions
Is Memphis or Oklahoma City cheaper to rent in?
Oklahoma City is cheaper — a 2-bedroom Fair Market Rent is $805/mo vs $819/mo in Memphis. That's $14/mo or $168/year more expensive in Memphis (2% higher).
What is the 2-bedroom rent in Memphis vs Oklahoma City?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Oklahoma City, a 2-bedroom FMR is $805/month.
How do incomes compare between Memphis and Oklahoma City?
The median household income in Memphis is $44,652/year. In Oklahoma City it is $52,559/year. Oklahoma City has the higher median income.
What is the studio rent in Memphis vs Oklahoma City?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Oklahoma City it is $543/mo.