Memphis vs Olympia-Lacey-Tumwater
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 44% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,178/mo in Olympia-Lacey-Tumwater — saving $4,308/year.
Rent by Unit Size
| Unit Size | Memphis | Olympia-Lacey-Tumwater | Difference |
|---|---|---|---|
| Studio | $560 | $769 | $209 |
| 1 Bedroom | $682 | $945 | $263 |
| 2 Bedrooms | $819 | $1,178 | $359 |
| 3 Bedrooms | $1,011 | $1,376 | $365 |
| 4 Bedrooms | $1,184 | $1,633 | $449 |
| Median Income | $44,652 | $67,966 | $23,314 |
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
Olympia-Lacey-Tumwater
- Studio
- $769/mo
- 1 BR
- $945/mo
- 2 BR
- $1,178/mo
- 3 BR
- $1,376/mo
- 4 BR
- $1,633/mo
- Median Income
- $67,966/yr
Frequently Asked Questions
Is Memphis or Olympia-Lacey-Tumwater cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,178/mo in Olympia-Lacey-Tumwater. That's $359/mo or $4,308/year more expensive in Olympia-Lacey-Tumwater (44% higher).
What is the 2-bedroom rent in Memphis vs Olympia-Lacey-Tumwater?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Olympia-Lacey-Tumwater, a 2-bedroom FMR is $1,178/month.
How do incomes compare between Memphis and Olympia-Lacey-Tumwater?
The median household income in Memphis is $44,652/year. In Olympia-Lacey-Tumwater it is $67,966/year. Olympia-Lacey-Tumwater has the higher median income.
What is the studio rent in Memphis vs Olympia-Lacey-Tumwater?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Olympia-Lacey-Tumwater it is $769/mo.