Memphis vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 98% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,623/mo in San Luis Obispo — saving $9,648/year.
Rent by Unit Size
| Unit Size | Memphis | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $560 | $1,065 | $505 |
| 1 Bedroom | $682 | $1,360 | $678 |
| 2 Bedrooms | $819 | $1,623 | $804 |
| 3 Bedrooms | $1,011 | $2,039 | $1,028 |
| 4 Bedrooms | $1,184 | $2,372 | $1,188 |
| Median Income | $44,652 | $94,761 | $50,109 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Memphis or San Luis Obispo cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,623/mo in San Luis Obispo. That's $804/mo or $9,648/year more expensive in San Luis Obispo (98% higher).
What is the 2-bedroom rent in Memphis vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Memphis and San Luis Obispo?
The median household income in Memphis is $44,652/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Memphis vs San Luis Obispo?
A studio apartment Fair Market Rent in Memphis is $560/mo. In San Luis Obispo it is $1,065/mo.