Memphis vs Trenton-Princeton
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 52% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,244/mo in Trenton-Princeton — saving $5,100/year.
Rent by Unit Size
| Unit Size | Memphis | Trenton-Princeton | Difference |
|---|---|---|---|
| Studio | $560 | $829 | $269 |
| 1 Bedroom | $682 | $1,039 | $357 |
| 2 Bedrooms | $819 | $1,244 | $425 |
| 3 Bedrooms | $1,011 | $1,616 | $605 |
| 4 Bedrooms | $1,184 | $1,778 | $594 |
| Median Income | $44,652 | $68,540 | $23,888 |
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
Trenton-Princeton
- Studio
- $829/mo
- 1 BR
- $1,039/mo
- 2 BR
- $1,244/mo
- 3 BR
- $1,616/mo
- 4 BR
- $1,778/mo
- Median Income
- $68,540/yr
Frequently Asked Questions
Is Memphis or Trenton-Princeton cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,244/mo in Trenton-Princeton. That's $425/mo or $5,100/year more expensive in Trenton-Princeton (52% higher).
What is the 2-bedroom rent in Memphis vs Trenton-Princeton?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Trenton-Princeton, a 2-bedroom FMR is $1,244/month.
How do incomes compare between Memphis and Trenton-Princeton?
The median household income in Memphis is $44,652/year. In Trenton-Princeton it is $68,540/year. Trenton-Princeton has the higher median income.
What is the studio rent in Memphis vs Trenton-Princeton?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Trenton-Princeton it is $829/mo.