Memphis vs Phoenix-Mesa-Chandler
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 41% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,158/mo in Phoenix-Mesa-Chandler — saving $4,068/year.
Rent by Unit Size
| Unit Size | Memphis | Phoenix-Mesa-Chandler | Difference |
|---|---|---|---|
| Studio | $560 | $752 | $192 |
| 1 Bedroom | $682 | $943 | $261 |
| 2 Bedrooms | $819 | $1,158 | $339 |
| 3 Bedrooms | $1,011 | $1,495 | $484 |
| 4 Bedrooms | $1,184 | $1,715 | $531 |
| Median Income | $44,652 | $62,754 | $18,102 |
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
Phoenix-Mesa-Chandler
- Studio
- $752/mo
- 1 BR
- $943/mo
- 2 BR
- $1,158/mo
- 3 BR
- $1,495/mo
- 4 BR
- $1,715/mo
- Median Income
- $62,754/yr
Frequently Asked Questions
Is Memphis or Phoenix-Mesa-Chandler cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,158/mo in Phoenix-Mesa-Chandler. That's $339/mo or $4,068/year more expensive in Phoenix-Mesa-Chandler (41% higher).
What is the 2-bedroom rent in Memphis vs Phoenix-Mesa-Chandler?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Phoenix-Mesa-Chandler, a 2-bedroom FMR is $1,158/month.
How do incomes compare between Memphis and Phoenix-Mesa-Chandler?
The median household income in Memphis is $44,652/year. In Phoenix-Mesa-Chandler it is $62,754/year. Phoenix-Mesa-Chandler has the higher median income.
What is the studio rent in Memphis vs Phoenix-Mesa-Chandler?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Phoenix-Mesa-Chandler it is $752/mo.