Memphis vs Santa Fe
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 39% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,135/mo in Santa Fe — saving $3,792/year.
Rent by Unit Size
| Unit Size | Memphis | Santa Fe | Difference |
|---|---|---|---|
| Studio | $560 | $754 | $194 |
| 1 Bedroom | $682 | $923 | $241 |
| 2 Bedrooms | $819 | $1,135 | $316 |
| 3 Bedrooms | $1,011 | $1,361 | $350 |
| 4 Bedrooms | $1,184 | $1,696 | $512 |
| Median Income | $44,652 | $59,153 | $14,501 |
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 Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/yr
Frequently Asked Questions
Is Memphis or Santa Fe cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,135/mo in Santa Fe. That's $316/mo or $3,792/year more expensive in Santa Fe (39% higher).
What is the 2-bedroom rent in Memphis vs Santa Fe?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Santa Fe, a 2-bedroom FMR is $1,135/month.
How do incomes compare between Memphis and Santa Fe?
The median household income in Memphis is $44,652/year. In Santa Fe it is $59,153/year. Santa Fe has the higher median income.
What is the studio rent in Memphis vs Santa Fe?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Santa Fe it is $754/mo.