Memphis vs Syracuse
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 0% cheaper for renters. A 2-bedroom rents for $819/mo vs $820/mo in Syracuse — saving $12/year.
Rent by Unit Size
| Unit Size | Memphis | Syracuse | Difference |
|---|---|---|---|
| Studio | $560 | $546 | $14 |
| 1 Bedroom | $682 | $686 | $4 |
| 2 Bedrooms | $819 | $820 | $1 |
| 3 Bedrooms | $1,011 | $1,051 | $40 |
| 4 Bedrooms | $1,184 | $1,207 | $23 |
| Median Income | $44,652 | $42,142 | $2,510 |
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
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/yr
Frequently Asked Questions
Is Memphis or Syracuse cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $820/mo in Syracuse. That's $1/mo or $12/year more expensive in Syracuse (0% higher).
What is the 2-bedroom rent in Memphis vs Syracuse?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Syracuse, a 2-bedroom FMR is $820/month.
How do incomes compare between Memphis and Syracuse?
The median household income in Memphis is $44,652/year. In Syracuse it is $42,142/year. Memphis has the higher median income.
What is the studio rent in Memphis vs Syracuse?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Syracuse it is $546/mo.