Memphis vs Provo-Orem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 37% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,125/mo in Provo-Orem — saving $3,672/year.
Rent by Unit Size
| Unit Size | Memphis | Provo-Orem | Difference |
|---|---|---|---|
| Studio | $560 | $707 | $147 |
| 1 Bedroom | $682 | $881 | $199 |
| 2 Bedrooms | $819 | $1,125 | $306 |
| 3 Bedrooms | $1,011 | $1,330 | $319 |
| 4 Bedrooms | $1,184 | $1,544 | $360 |
| Median Income | $44,652 | $72,225 | $27,573 |
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
Provo-Orem
- Studio
- $707/mo
- 1 BR
- $881/mo
- 2 BR
- $1,125/mo
- 3 BR
- $1,330/mo
- 4 BR
- $1,544/mo
- Median Income
- $72,225/yr
Frequently Asked Questions
Is Memphis or Provo-Orem cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,125/mo in Provo-Orem. That's $306/mo or $3,672/year more expensive in Provo-Orem (37% higher).
What is the 2-bedroom rent in Memphis vs Provo-Orem?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Provo-Orem, a 2-bedroom FMR is $1,125/month.
How do incomes compare between Memphis and Provo-Orem?
The median household income in Memphis is $44,652/year. In Provo-Orem it is $72,225/year. Provo-Orem has the higher median income.
What is the studio rent in Memphis vs Provo-Orem?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Provo-Orem it is $707/mo.