Memphis vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 38% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,127/mo in Salt Lake City — saving $3,696/year.
Rent by Unit Size
| Unit Size | Memphis | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $560 | $754 | $194 |
| 1 Bedroom | $682 | $912 | $230 |
| 2 Bedrooms | $819 | $1,127 | $308 |
| 3 Bedrooms | $1,011 | $1,352 | $341 |
| 4 Bedrooms | $1,184 | $1,632 | $448 |
| Median Income | $44,652 | $77,224 | $32,572 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Memphis or Salt Lake City cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,127/mo in Salt Lake City. That's $308/mo or $3,696/year more expensive in Salt Lake City (38% higher).
What is the 2-bedroom rent in Memphis vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Memphis and Salt Lake City?
The median household income in Memphis is $44,652/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Memphis vs Salt Lake City?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Salt Lake City it is $754/mo.