Memphis vs Philadelphia-Camden-Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 47% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,207/mo in Philadelphia-Camden-Wilmington — saving $4,656/year.
Rent by Unit Size
| Unit Size | Memphis | Philadelphia-Camden-Wilmington | Difference |
|---|---|---|---|
| Studio | $560 | $788 | $228 |
| 1 Bedroom | $682 | $990 | $308 |
| 2 Bedrooms | $819 | $1,207 | $388 |
| 3 Bedrooms | $1,011 | $1,535 | $524 |
| 4 Bedrooms | $1,184 | $1,692 | $508 |
| Median Income | $44,652 | $70,627 | $25,975 |
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
Philadelphia-Camden-Wilmington
- Studio
- $788/mo
- 1 BR
- $990/mo
- 2 BR
- $1,207/mo
- 3 BR
- $1,535/mo
- 4 BR
- $1,692/mo
- Median Income
- $70,627/yr
Frequently Asked Questions
Is Memphis or Philadelphia-Camden-Wilmington cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,207/mo in Philadelphia-Camden-Wilmington. That's $388/mo or $4,656/year more expensive in Philadelphia-Camden-Wilmington (47% higher).
What is the 2-bedroom rent in Memphis vs Philadelphia-Camden-Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Philadelphia-Camden-Wilmington, a 2-bedroom FMR is $1,207/month.
How do incomes compare between Memphis and Philadelphia-Camden-Wilmington?
The median household income in Memphis is $44,652/year. In Philadelphia-Camden-Wilmington it is $70,627/year. Philadelphia-Camden-Wilmington has the higher median income.
What is the studio rent in Memphis vs Philadelphia-Camden-Wilmington?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Philadelphia-Camden-Wilmington it is $788/mo.