Memphis vs Prescott Valley-Prescott
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 29% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,054/mo in Prescott Valley-Prescott — saving $2,820/year.
Rent by Unit Size
| Unit Size | Memphis | Prescott Valley-Prescott | Difference |
|---|---|---|---|
| Studio | $560 | $648 | $88 |
| 1 Bedroom | $682 | $826 | $144 |
| 2 Bedrooms | $819 | $1,054 | $235 |
| 3 Bedrooms | $1,011 | $1,277 | $266 |
| 4 Bedrooms | $1,184 | $1,437 | $253 |
| Median Income | $44,652 | $60,079 | $15,427 |
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
Prescott Valley-Prescott
- Studio
- $648/mo
- 1 BR
- $826/mo
- 2 BR
- $1,054/mo
- 3 BR
- $1,277/mo
- 4 BR
- $1,437/mo
- Median Income
- $60,079/yr
Frequently Asked Questions
Is Memphis or Prescott Valley-Prescott cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,054/mo in Prescott Valley-Prescott. That's $235/mo or $2,820/year more expensive in Prescott Valley-Prescott (29% higher).
What is the 2-bedroom rent in Memphis vs Prescott Valley-Prescott?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Prescott Valley-Prescott, a 2-bedroom FMR is $1,054/month.
How do incomes compare between Memphis and Prescott Valley-Prescott?
The median household income in Memphis is $44,652/year. In Prescott Valley-Prescott it is $60,079/year. Prescott Valley-Prescott has the higher median income.
What is the studio rent in Memphis vs Prescott Valley-Prescott?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Prescott Valley-Prescott it is $648/mo.