Memphis, TN-MS-AR Fair Market Rents (FY2027)
The 2-bedroom fair market rent for Memphis, TN-MS-AR in FY2027 is $1,301.
FMRs are HUD's estimate of 40th-percentile gross rent (shelter rent plus utilities) for recent movers in standard units.
An FMR is not a voucher amount. Each housing authority sets its own payment standards, normally between 90% and 110% of the FMR; HUD rules also allow exception amounts above 110% in some cases. Where HUD requires Small Area FMRs, or a housing authority has chosen to use them, payment standards are based on ZIP code rents, not the area-wide FMR shown here. Ask your housing authority for its payment standard.
This row is a HUD metropolitan FMR area: a whole metro area or a part of one that HUD prices separately. HUD area code METRO32820M32820.
| Area | Studio | 1 bedroom | 2 bedroom | 3 bedroom | 4 bedroom |
|---|---|---|---|---|---|
| Memphis, TN-MS-AR | $1,095 | $1,191 | $1,301 | $1,717 | $1,981 |