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Note: Memphis, TN-MS-AR HUD Metro FMR Area spans 3 states: Arkansas, Mississippi and Tennessee. Only one of the states will be shown in the map below.

RentData.org Logo Memphis Fair Market Rent FY 2019 Memphis, TN-MS-AR HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Memphis, AR :
$658 $742 $875 $1,194 $1,372
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Memphis are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Memphis is $875 per month.

The previous year, rent for a two-bedroom home was $833 per month. This is a 5.04% increase year-over-year.

This FMR rate applies to Tipton, TN, Clarkedale, AR, Laconia, TN, La Grange, TN, Brunswick, TN, Macon, TN, Ellendale, TN, Edmondson, AR, Gallaway, TN, Gilmore, 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 five counties or cities in Arkansas, Mississippi and Tennessee which ares listed in the table below. Estimated population of Memphis, TN-MS-AR HUD Metro FMR Area FMR area is 1,239,292 people based on 2010 Census data.

Compared to the rest of Arkansas, the Memphis FMR area is more expensive than 98% of the state.

Arkansas Rents Map

Click on the map to view more another region.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Memphis. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $
1-BR 1-Bedroom $
2-BR 2-Bedroom $
3-BR 3-Bedroom $
4-BR 4-Bedroom $
Change Year:

The counties, cities, towns, and regions listed below fall into the Memphis, TN-MS-AR HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Memphis.

County / Region Est. Population
Crittenden County, AR Metro 50,902
DeSoto County, MS Metro 161,252
Fayette County, TN Metro 38,413
Shelby County, TN Metro 927,644
Tipton County, TN Metro 61,081
Zip Codes in Memphis, TN-MS-AR HUD Metro FMR Area

There are 112 unique zip codes in this Fair Market Rent (FMR) area:

37501, 38002, 38004, 38011, 38014, 38015, 38016, 38017, 38018, 38019, 38023, 38027, 38028, 38029, 38036, 38039, 38042, 38045, 38046, 38048, 38049, 38053, 38054, 38055, 38057, 38058, 38060, 38066, 38068, 38069, 38071, 38075, 38076, 38083, 38088, 38101, 38103, 38104, 38105, 38106, 38107, 38108, 38109, 38111, 38112, 38113, 38114, 38115, 38116, 38117, 38118, 38119, 38120, 38122, 38124, 38125, 38126, 38127, 38128, 38130, 38131, 38132, 38133, 38134, 38135, 38136, 38137, 38138, 38139, 38141, 38152, 38157, 38161, 38166, 38167, 38168, 38173, 38174, 38175, 38177, 38181, 38182, 38183, 38184, 38186, 38187, 38188, 38190, 38193, 38197, 38611, 38618, 38632, 38637, 38641, 38651, 38654, 38671, 38672, 38680, 38686, 72301, 72325, 72327, 72331, 72332, 72339, 72348, 72364, 72376, 72384 and 72386

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