Memphis vs Providence-Warwick
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 37% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,122/mo in Providence-Warwick — saving $3,636/year.
Rent by Unit Size
| Unit Size | Memphis | Providence-Warwick | Difference |
|---|---|---|---|
| Studio | $560 | $784 | $224 |
| 1 Bedroom | $682 | $946 | $264 |
| 2 Bedrooms | $819 | $1,122 | $303 |
| 3 Bedrooms | $1,011 | $1,429 | $418 |
| 4 Bedrooms | $1,184 | $1,663 | $479 |
| Median Income | $44,652 | $69,693 | $25,041 |
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
Providence-Warwick
- Studio
- $784/mo
- 1 BR
- $946/mo
- 2 BR
- $1,122/mo
- 3 BR
- $1,429/mo
- 4 BR
- $1,663/mo
- Median Income
- $69,693/yr
Frequently Asked Questions
Is Memphis or Providence-Warwick cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,122/mo in Providence-Warwick. That's $303/mo or $3,636/year more expensive in Providence-Warwick (37% higher).
What is the 2-bedroom rent in Memphis vs Providence-Warwick?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Providence-Warwick, a 2-bedroom FMR is $1,122/month.
How do incomes compare between Memphis and Providence-Warwick?
The median household income in Memphis is $44,652/year. In Providence-Warwick it is $69,693/year. Providence-Warwick has the higher median income.
What is the studio rent in Memphis vs Providence-Warwick?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Providence-Warwick it is $784/mo.