Memphis vs Rochester
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 10% cheaper for renters. A 2-bedroom rents for $819/mo vs $903/mo in Rochester — saving $1,008/year.
Rent by Unit Size
| Unit Size | Memphis | Rochester | Difference |
|---|---|---|---|
| Studio | $560 | $594 | $34 |
| 1 Bedroom | $682 | $739 | $57 |
| 2 Bedrooms | $819 | $903 | $84 |
| 3 Bedrooms | $1,011 | $1,112 | $101 |
| 4 Bedrooms | $1,184 | $1,294 | $110 |
| Median Income | $44,652 | $52,618 | $7,966 |
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
Rochester
- Studio
- $594/mo
- 1 BR
- $739/mo
- 2 BR
- $903/mo
- 3 BR
- $1,112/mo
- 4 BR
- $1,294/mo
- Median Income
- $52,618/yr
Frequently Asked Questions
Is Memphis or Rochester cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $903/mo in Rochester. That's $84/mo or $1,008/year more expensive in Rochester (10% higher).
What is the 2-bedroom rent in Memphis vs Rochester?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Rochester, a 2-bedroom FMR is $903/month.
How do incomes compare between Memphis and Rochester?
The median household income in Memphis is $44,652/year. In Rochester it is $52,618/year. Rochester has the higher median income.
What is the studio rent in Memphis vs Rochester?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Rochester it is $594/mo.