Memphis vs Terre Haute
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Terre Haute is 21% cheaper for renters. A 2-bedroom rents for $676/mo vs $819/mo in Memphis — saving $1,716/year.
Rent by Unit Size
| Unit Size | Memphis | Terre Haute | Difference |
|---|---|---|---|
| Studio | $560 | $419 | $141 |
| 1 Bedroom | $682 | $537 | $145 |
| 2 Bedrooms | $819 | $676 | $143 |
| 3 Bedrooms | $1,011 | $806 | $205 |
| 4 Bedrooms | $1,184 | $964 | $220 |
| Median Income | $44,652 | $40,500 | $4,152 |
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
Terre Haute
- Studio
- $419/mo
- 1 BR
- $537/mo
- 2 BR
- $676/mo
- 3 BR
- $806/mo
- 4 BR
- $964/mo
- Median Income
- $40,500/yr
Frequently Asked Questions
Is Memphis or Terre Haute cheaper to rent in?
Terre Haute is cheaper — a 2-bedroom Fair Market Rent is $676/mo vs $819/mo in Memphis. That's $143/mo or $1,716/year more expensive in Memphis (21% higher).
What is the 2-bedroom rent in Memphis vs Terre Haute?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Terre Haute, a 2-bedroom FMR is $676/month.
How do incomes compare between Memphis and Terre Haute?
The median household income in Memphis is $44,652/year. In Terre Haute it is $40,500/year. Memphis has the higher median income.
What is the studio rent in Memphis vs Terre Haute?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Terre Haute it is $419/mo.