Memphis vs Tampa-St. Petersburg-Clearwater
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 49% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater — saving $4,788/year.
Rent by Unit Size
| Unit Size | Memphis | Tampa-St. Petersburg-Clearwater | Difference |
|---|---|---|---|
| Studio | $560 | $817 | $257 |
| 1 Bedroom | $682 | $967 | $285 |
| 2 Bedrooms | $819 | $1,218 | $399 |
| 3 Bedrooms | $1,011 | $1,527 | $516 |
| 4 Bedrooms | $1,184 | $1,752 | $568 |
| Median Income | $44,652 | $69,520 | $24,868 |
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
Tampa-St. Petersburg-Clearwater
- Studio
- $817/mo
- 1 BR
- $967/mo
- 2 BR
- $1,218/mo
- 3 BR
- $1,527/mo
- 4 BR
- $1,752/mo
- Median Income
- $69,520/yr
Frequently Asked Questions
Is Memphis or Tampa-St. Petersburg-Clearwater cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater. That's $399/mo or $4,788/year more expensive in Tampa-St. Petersburg-Clearwater (49% higher).
What is the 2-bedroom rent in Memphis vs Tampa-St. Petersburg-Clearwater?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Tampa-St. Petersburg-Clearwater, a 2-bedroom FMR is $1,218/month.
How do incomes compare between Memphis and Tampa-St. Petersburg-Clearwater?
The median household income in Memphis is $44,652/year. In Tampa-St. Petersburg-Clearwater it is $69,520/year. Tampa-St. Petersburg-Clearwater has the higher median income.
What is the studio rent in Memphis vs Tampa-St. Petersburg-Clearwater?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Tampa-St. Petersburg-Clearwater it is $817/mo.