Memphis vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Roanoke is 2% cheaper for renters. A 2-bedroom rents for $803/mo vs $819/mo in Memphis — saving $192/year.
Rent by Unit Size
| Unit Size | Memphis | Roanoke | Difference |
|---|---|---|---|
| Studio | $560 | $518 | $42 |
| 1 Bedroom | $682 | $643 | $39 |
| 2 Bedrooms | $819 | $803 | $16 |
| 3 Bedrooms | $1,011 | $980 | $31 |
| 4 Bedrooms | $1,184 | $1,168 | $16 |
| Median Income | $44,652 | $51,099 | $6,447 |
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
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Memphis or Roanoke cheaper to rent in?
Roanoke is cheaper — a 2-bedroom Fair Market Rent is $803/mo vs $819/mo in Memphis. That's $16/mo or $192/year more expensive in Memphis (2% higher).
What is the 2-bedroom rent in Memphis vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Memphis and Roanoke?
The median household income in Memphis is $44,652/year. In Roanoke it is $51,099/year. Roanoke has the higher median income.
What is the studio rent in Memphis vs Roanoke?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Roanoke it is $518/mo.