The largest adjacent-band increase is from 2 bedroom to 3 bedroom: $409 per month.
2026 HUD rent analysis
Memphis Section 8 rent by bedroom.
A normalized view of Memphis, TN-MS-AR HUD Metro FMR Area Fair Market Rents, paired with Cash Flow Gems listing-coverage evidence and a transparent gross-yield screen.
- 3-bedroom monthly FMR
- $1,683
- 3-bedroom annualized
- $20,196
- 12% gross-yield ceiling
- $168,300
- Matchable source rows
- 298
Normalized rent schedule
What HUD’s benchmark means for a first-pass screen.
The final column divides annual FMR by 12%. It is a mechanical gross-rent screen—not a valuation, offer price, or projected net return. It excludes taxes, insurance, repairs, vacancy, management, utilities, financing, and property condition.
| Bedroom band | Monthly FMR | Annualized FMR | Price at 12% gross yield |
|---|---|---|---|
| Studio | $1,060 | $12,720 | $106,000 |
| 1 bedroom | $1,154 | $13,848 | $115,400 |
| 2 bedroom | $1,274 | $15,288 | $127,400 |
| 3 bedroom | $1,683 | $20,196 | $168,300 |
| 4 bedroom | $1,959 | $23,508 | $195,900 |
Data-specific observations
Three facts worth carrying into underwriting.
The normalized dataset contains 479 source rows last observed June 20, 2026 for Memphis; 298 clear the basic price, bedroom, and non-land completeness gate.
The HUD schedule belongs to Memphis, TN-MS-AR HUD Metro FMR Area. A metro benchmark does not prove a specific unit’s approved rent, payment standard, inspection outcome, or rent reasonableness.
Diligence before ranking
Questions the rent table cannot answer.
The Memphis counts distinguish the full observed source cohort from the subset meeting this page's price, bedroom, and non-land completeness gate. They describe data coverage, not underwritten or recommended properties.
- 01Which utilities are owner-paid, and how do they change the gap between FMR and net operating income?
- 02What do current insurance, property-condition, vacancy, and management estimates do to the first-pass return?
- 03Is the bedroom count, unit type, and location eligible for the payment standard and rent approval actually available to the tenant?
Related market research
Source and freshness
HUD FMR source year: 2026. Normalized schedule updated June 23, 2026. Listing coverage last observed June 20, 2026. Cash Flow Gems revalidates this page daily and withholds it after a successful revalidation if the five-band HUD contract becomes incomplete or mixed.
Cash Flow Gems is for informational and educational purposes only. It is not financial, legal, tax, or investment advice.