Compare Fair Market Rents — FY2026
| Bedroom | Memphis, TN-MS-AR HUD Me... | Cleveland, TN MSA |
|---|---|---|
| Studio | $1,060 | $850 |
| 1-Bedroom | $1,154 | $940 |
| 2-Bedroom | $1,274 | $1,233 |
| 3-Bedroom | $1,683 | $1,584 |
| 4-Bedroom | $1,959 | $1,633 |
Income Limits & Affordability
| Metric | Memphis, TN-MS-AR HUD Me... | Cleveland, TN MSA |
|---|---|---|
| Area Median Income (4p) | $92,700 | $91,700 |
| 50% AMI Limit (4p) | $46,350 | $45,650 |
| Income needed for 2BR FMR (30% rule) | $50,960 | $49,320 |