Memphis Fair Market Rent FY 2011 Memphis, TN-MS-AR HUD Metro FMR Area Rental Data

Fair Market Rent prices in Memphis are high compared to the national average. This FMR area is more expensive than 86% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Memphis is $758 per month.

The previous year, rent for a two-bedroom home was $783 per month. This is a 3.19% decrease year-over-year.

This FMR rate applies to Clarkedale, AR, Edmondson, AR, Gilmore, AR, Turrell, AR, Crawfordsville, AR, Tyronza, AR, Proctor, AR, Hughes, AR, Earle, AR, Marion, AR and other cities within the region. The Metro Code or CBSA code for this region is METRO32820M32820.

Additionally, This Fair Market Rent (FMR) area Memphis, TN-MS-AR HUD Metro FMR Area spans one county or city in Arkansas which is listed in the table below. Estimated population of Memphis, TN-MS-AR HUD Metro FMR Area FMR area is 50,866 people based on latest Census data.

Compared to the rest of Arkansas, the Memphis FMR area is more expensive than 100% of the state.

Median Rent Prices in Memphis

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: