Memphis vs St. Louis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 7% cheaper for renters. A 2-bedroom rents for $819/mo vs $874/mo in St. Louis — saving $660/year.
Rent by Unit Size
| Unit Size | Memphis | St. Louis | Difference |
|---|---|---|---|
| Studio | $560 | $588 | $28 |
| 1 Bedroom | $682 | $740 | $58 |
| 2 Bedrooms | $819 | $874 | $55 |
| 3 Bedrooms | $1,011 | $1,094 | $83 |
| 4 Bedrooms | $1,184 | $1,269 | $85 |
| Median Income | $44,652 | $61,289 | $16,637 |
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
St. Louis
- Studio
- $588/mo
- 1 BR
- $740/mo
- 2 BR
- $874/mo
- 3 BR
- $1,094/mo
- 4 BR
- $1,269/mo
- Median Income
- $61,289/yr
Frequently Asked Questions
Is Memphis or St. Louis cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $874/mo in St. Louis. That's $55/mo or $660/year more expensive in St. Louis (7% higher).
What is the 2-bedroom rent in Memphis vs St. Louis?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In St. Louis, a 2-bedroom FMR is $874/month.
How do incomes compare between Memphis and St. Louis?
The median household income in Memphis is $44,652/year. In St. Louis it is $61,289/year. St. Louis has the higher median income.
What is the studio rent in Memphis vs St. Louis?
A studio apartment Fair Market Rent in Memphis is $560/mo. In St. Louis it is $588/mo.