Memphis vs Tyler
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Tyler is 8% cheaper for renters. A 2-bedroom rents for $757/mo vs $819/mo in Memphis — saving $744/year.
Rent by Unit Size
| Unit Size | Memphis | Tyler | Difference |
|---|---|---|---|
| Studio | $560 | $504 | $56 |
| 1 Bedroom | $682 | $624 | $58 |
| 2 Bedrooms | $819 | $757 | $62 |
| 3 Bedrooms | $1,011 | $960 | $51 |
| 4 Bedrooms | $1,184 | $1,128 | $56 |
| Median Income | $44,652 | $46,988 | $2,336 |
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
Tyler
- Studio
- $504/mo
- 1 BR
- $624/mo
- 2 BR
- $757/mo
- 3 BR
- $960/mo
- 4 BR
- $1,128/mo
- Median Income
- $46,988/yr
Frequently Asked Questions
Is Memphis or Tyler cheaper to rent in?
Tyler is cheaper — a 2-bedroom Fair Market Rent is $757/mo vs $819/mo in Memphis. That's $62/mo or $744/year more expensive in Memphis (8% higher).
What is the 2-bedroom rent in Memphis vs Tyler?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Tyler, a 2-bedroom FMR is $757/month.
How do incomes compare between Memphis and Tyler?
The median household income in Memphis is $44,652/year. In Tyler it is $46,988/year. Tyler has the higher median income.
What is the studio rent in Memphis vs Tyler?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Tyler it is $504/mo.