Memphis vs Portland-South Portland
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 40% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,145/mo in Portland-South Portland — saving $3,912/year.
Rent by Unit Size
| Unit Size | Memphis | Portland-South Portland | Difference |
|---|---|---|---|
| Studio | $560 | $765 | $205 |
| 1 Bedroom | $682 | $906 | $224 |
| 2 Bedrooms | $819 | $1,145 | $326 |
| 3 Bedrooms | $1,011 | $1,402 | $391 |
| 4 Bedrooms | $1,184 | $1,638 | $454 |
| Median Income | $44,652 | $58,824 | $14,172 |
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
Portland-South Portland
- Studio
- $765/mo
- 1 BR
- $906/mo
- 2 BR
- $1,145/mo
- 3 BR
- $1,402/mo
- 4 BR
- $1,638/mo
- Median Income
- $58,824/yr
Frequently Asked Questions
Is Memphis or Portland-South Portland cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,145/mo in Portland-South Portland. That's $326/mo or $3,912/year more expensive in Portland-South Portland (40% higher).
What is the 2-bedroom rent in Memphis vs Portland-South Portland?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Portland-South Portland, a 2-bedroom FMR is $1,145/month.
How do incomes compare between Memphis and Portland-South Portland?
The median household income in Memphis is $44,652/year. In Portland-South Portland it is $58,824/year. Portland-South Portland has the higher median income.
What is the studio rent in Memphis vs Portland-South Portland?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Portland-South Portland it is $765/mo.