Memphis vs Virginia Beach-Norfolk-Newport News
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 21% cheaper for renters. A 2-bedroom rents for $819/mo vs $994/mo in Virginia Beach-Norfolk-Newport News — saving $2,100/year.
Rent by Unit Size
| Unit Size | Memphis | Virginia Beach-Norfolk-Newport News | Difference |
|---|---|---|---|
| Studio | $560 | $659 | $99 |
| 1 Bedroom | $682 | $824 | $142 |
| 2 Bedrooms | $819 | $994 | $175 |
| 3 Bedrooms | $1,011 | $1,234 | $223 |
| 4 Bedrooms | $1,184 | $1,448 | $264 |
| Median Income | $44,652 | $57,948 | $13,296 |
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
Virginia Beach-Norfolk-Newport News
- Studio
- $659/mo
- 1 BR
- $824/mo
- 2 BR
- $994/mo
- 3 BR
- $1,234/mo
- 4 BR
- $1,448/mo
- Median Income
- $57,948/yr
Frequently Asked Questions
Is Memphis or Virginia Beach-Norfolk-Newport News cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $994/mo in Virginia Beach-Norfolk-Newport News. That's $175/mo or $2,100/year more expensive in Virginia Beach-Norfolk-Newport News (21% higher).
What is the 2-bedroom rent in Memphis vs Virginia Beach-Norfolk-Newport News?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Virginia Beach-Norfolk-Newport News, a 2-bedroom FMR is $994/month.
How do incomes compare between Memphis and Virginia Beach-Norfolk-Newport News?
The median household income in Memphis is $44,652/year. In Virginia Beach-Norfolk-Newport News it is $57,948/year. Virginia Beach-Norfolk-Newport News has the higher median income.
What is the studio rent in Memphis vs Virginia Beach-Norfolk-Newport News?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Virginia Beach-Norfolk-Newport News it is $659/mo.