Memphis vs Racine
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 3% cheaper for renters. A 2-bedroom rents for $794/mo vs $819/mo in Memphis — saving $300/year.
Rent by Unit Size
| Unit Size | Memphis | Racine | Difference |
|---|---|---|---|
| Studio | $560 | $508 | $52 |
| 1 Bedroom | $682 | $641 | $41 |
| 2 Bedrooms | $819 | $794 | $25 |
| 3 Bedrooms | $1,011 | $1,002 | $9 |
| 4 Bedrooms | $1,184 | $1,141 | $43 |
| Median Income | $44,652 | $42,267 | $2,385 |
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
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/yr
Frequently Asked Questions
Is Memphis or Racine cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $819/mo in Memphis. That's $25/mo or $300/year more expensive in Memphis (3% higher).
What is the 2-bedroom rent in Memphis vs Racine?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Racine, a 2-bedroom FMR is $794/month.
How do incomes compare between Memphis and Racine?
The median household income in Memphis is $44,652/year. In Racine it is $42,267/year. Memphis has the higher median income.
What is the studio rent in Memphis vs Racine?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Racine it is $508/mo.