Memphis vs Rockford
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rockford is 8% cheaper for renters. A 2-bedroom rents for $757/mo vs $819/mo in Memphis — saving $744/year.
Rent by Unit Size
| Unit Size | Memphis | Rockford | Difference |
|---|---|---|---|
| Studio | $560 | $509 | $51 |
| 1 Bedroom | $682 | $634 | $48 |
| 2 Bedrooms | $819 | $757 | $62 |
| 3 Bedrooms | $1,011 | $1,004 | $7 |
| 4 Bedrooms | $1,184 | $1,046 | $138 |
| Median Income | $44,652 | $47,844 | $3,192 |
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
Rockford
- Studio
- $509/mo
- 1 BR
- $634/mo
- 2 BR
- $757/mo
- 3 BR
- $1,004/mo
- 4 BR
- $1,046/mo
- Median Income
- $47,844/yr
Frequently Asked Questions
Is Memphis or Rockford cheaper to rent in?
Rockford is cheaper — a 2-bedroom Fair Market Rent is $757/mo vs $819/mo in Memphis. That's $62/mo or $744/year more expensive in Memphis (8% higher).
What is the 2-bedroom rent in Memphis vs Rockford?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Rockford, a 2-bedroom FMR is $757/month.
How do incomes compare between Memphis and Rockford?
The median household income in Memphis is $44,652/year. In Rockford it is $47,844/year. Rockford has the higher median income.
What is the studio rent in Memphis vs Rockford?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Rockford it is $509/mo.