Memphis vs Santa Cruz-Watsonville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 115% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,760/mo in Santa Cruz-Watsonville — saving $11,292/year.
Rent by Unit Size
| Unit Size | Memphis | Santa Cruz-Watsonville | Difference |
|---|---|---|---|
| Studio | $560 | $1,172 | $612 |
| 1 Bedroom | $682 | $1,475 | $793 |
| 2 Bedrooms | $819 | $1,760 | $941 |
| 3 Bedrooms | $1,011 | $2,195 | $1,184 |
| 4 Bedrooms | $1,184 | $2,530 | $1,346 |
| Median Income | $44,652 | $89,493 | $44,841 |
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
Santa Cruz-Watsonville
- Studio
- $1,172/mo
- 1 BR
- $1,475/mo
- 2 BR
- $1,760/mo
- 3 BR
- $2,195/mo
- 4 BR
- $2,530/mo
- Median Income
- $89,493/yr
Frequently Asked Questions
Is Memphis or Santa Cruz-Watsonville cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,760/mo in Santa Cruz-Watsonville. That's $941/mo or $11,292/year more expensive in Santa Cruz-Watsonville (115% higher).
What is the 2-bedroom rent in Memphis vs Santa Cruz-Watsonville?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Santa Cruz-Watsonville, a 2-bedroom FMR is $1,760/month.
How do incomes compare between Memphis and Santa Cruz-Watsonville?
The median household income in Memphis is $44,652/year. In Santa Cruz-Watsonville it is $89,493/year. Santa Cruz-Watsonville has the higher median income.
What is the studio rent in Memphis vs Santa Cruz-Watsonville?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Santa Cruz-Watsonville it is $1,172/mo.