Memphis vs Winston-Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Winston-Salem is 1% cheaper for renters. A 2-bedroom rents for $807/mo vs $819/mo in Memphis — saving $144/year.
Rent by Unit Size
| Unit Size | Memphis | Winston-Salem | Difference |
|---|---|---|---|
| Studio | $560 | $531 | $29 |
| 1 Bedroom | $682 | $652 | $30 |
| 2 Bedrooms | $819 | $807 | $12 |
| 3 Bedrooms | $1,011 | $1,030 | $19 |
| 4 Bedrooms | $1,184 | $1,189 | $5 |
| Median Income | $44,652 | $47,140 | $2,488 |
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
Winston-Salem
- Studio
- $531/mo
- 1 BR
- $652/mo
- 2 BR
- $807/mo
- 3 BR
- $1,030/mo
- 4 BR
- $1,189/mo
- Median Income
- $47,140/yr
Frequently Asked Questions
Is Memphis or Winston-Salem cheaper to rent in?
Winston-Salem is cheaper — a 2-bedroom Fair Market Rent is $807/mo vs $819/mo in Memphis. That's $12/mo or $144/year more expensive in Memphis (1% higher).
What is the 2-bedroom rent in Memphis vs Winston-Salem?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Winston-Salem, a 2-bedroom FMR is $807/month.
How do incomes compare between Memphis and Winston-Salem?
The median household income in Memphis is $44,652/year. In Winston-Salem it is $47,140/year. Winston-Salem has the higher median income.
What is the studio rent in Memphis vs Winston-Salem?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Winston-Salem it is $531/mo.