Memphis vs Savannah
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 18% cheaper for renters. A 2-bedroom rents for $819/mo vs $966/mo in Savannah — saving $1,764/year.
Rent by Unit Size
| Unit Size | Memphis | Savannah | Difference |
|---|---|---|---|
| Studio | $560 | $638 | $78 |
| 1 Bedroom | $682 | $772 | $90 |
| 2 Bedrooms | $819 | $966 | $147 |
| 3 Bedrooms | $1,011 | $1,195 | $184 |
| 4 Bedrooms | $1,184 | $1,403 | $219 |
| Median Income | $44,652 | $56,077 | $11,425 |
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
Savannah
- Studio
- $638/mo
- 1 BR
- $772/mo
- 2 BR
- $966/mo
- 3 BR
- $1,195/mo
- 4 BR
- $1,403/mo
- Median Income
- $56,077/yr
Frequently Asked Questions
Is Memphis or Savannah cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $966/mo in Savannah. That's $147/mo or $1,764/year more expensive in Savannah (18% higher).
What is the 2-bedroom rent in Memphis vs Savannah?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Savannah, a 2-bedroom FMR is $966/month.
How do incomes compare between Memphis and Savannah?
The median household income in Memphis is $44,652/year. In Savannah it is $56,077/year. Savannah has the higher median income.
What is the studio rent in Memphis vs Savannah?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Savannah it is $638/mo.