Memphis vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 47% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,208/mo in Reno — saving $4,668/year.
Rent by Unit Size
| Unit Size | Memphis | Reno | Difference |
|---|---|---|---|
| Studio | $560 | $773 | $213 |
| 1 Bedroom | $682 | $946 | $264 |
| 2 Bedrooms | $819 | $1,208 | $389 |
| 3 Bedrooms | $1,011 | $1,422 | $411 |
| 4 Bedrooms | $1,184 | $1,636 | $452 |
| Median Income | $44,652 | $59,858 | $15,206 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Memphis or Reno cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,208/mo in Reno. That's $389/mo or $4,668/year more expensive in Reno (47% higher).
What is the 2-bedroom rent in Memphis vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Memphis and Reno?
The median household income in Memphis is $44,652/year. In Reno it is $59,858/year. Reno has the higher median income.
What is the studio rent in Memphis vs Reno?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Reno it is $773/mo.