Memphis vs Palm Bay-Melbourne-Titusville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 29% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $2,856/year.
Rent by Unit Size
| Unit Size | Memphis | Palm Bay-Melbourne-Titusville | Difference |
|---|---|---|---|
| Studio | $560 | $712 | $152 |
| 1 Bedroom | $682 | $871 | $189 |
| 2 Bedrooms | $819 | $1,057 | $238 |
| 3 Bedrooms | $1,011 | $1,335 | $324 |
| 4 Bedrooms | $1,184 | $1,531 | $347 |
| Median Income | $44,652 | $62,156 | $17,504 |
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
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/yr
Frequently Asked Questions
Is Memphis or Palm Bay-Melbourne-Titusville cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $238/mo or $2,856/year more expensive in Palm Bay-Melbourne-Titusville (29% higher).
What is the 2-bedroom rent in Memphis vs Palm Bay-Melbourne-Titusville?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Palm Bay-Melbourne-Titusville, a 2-bedroom FMR is $1,057/month.
How do incomes compare between Memphis and Palm Bay-Melbourne-Titusville?
The median household income in Memphis is $44,652/year. In Palm Bay-Melbourne-Titusville it is $62,156/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Memphis vs Palm Bay-Melbourne-Titusville?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Palm Bay-Melbourne-Titusville it is $712/mo.