Memphis vs Tallahassee
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 21% cheaper for renters. A 2-bedroom rents for $819/mo vs $989/mo in Tallahassee — saving $2,040/year.
Rent by Unit Size
| Unit Size | Memphis | Tallahassee | Difference |
|---|---|---|---|
| Studio | $560 | $625 | $65 |
| 1 Bedroom | $682 | $784 | $102 |
| 2 Bedrooms | $819 | $989 | $170 |
| 3 Bedrooms | $1,011 | $1,193 | $182 |
| 4 Bedrooms | $1,184 | $1,420 | $236 |
| Median Income | $44,652 | $57,994 | $13,342 |
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
Tallahassee
- Studio
- $625/mo
- 1 BR
- $784/mo
- 2 BR
- $989/mo
- 3 BR
- $1,193/mo
- 4 BR
- $1,420/mo
- Median Income
- $57,994/yr
Frequently Asked Questions
Is Memphis or Tallahassee cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $989/mo in Tallahassee. That's $170/mo or $2,040/year more expensive in Tallahassee (21% higher).
What is the 2-bedroom rent in Memphis vs Tallahassee?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Tallahassee, a 2-bedroom FMR is $989/month.
How do incomes compare between Memphis and Tallahassee?
The median household income in Memphis is $44,652/year. In Tallahassee it is $57,994/year. Tallahassee has the higher median income.
What is the studio rent in Memphis vs Tallahassee?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Tallahassee it is $625/mo.