Akron vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Akron is 24% cheaper for renters. A 2-bedroom rents for $822/mo vs $1,021/mo in Richmond — saving $2,388/year.
Rent by Unit Size
| Unit Size | Akron | Richmond | Difference |
|---|---|---|---|
| Studio | $552 | $669 | $117 |
| 1 Bedroom | $662 | $842 | $180 |
| 2 Bedrooms | $822 | $1,021 | $199 |
| 3 Bedrooms | $1,025 | $1,317 | $292 |
| 4 Bedrooms | $1,215 | $1,453 | $238 |
| Median Income | $43,989 | $69,914 | $25,925 |
Akron
- Studio
- $552/mo
- 1 BR
- $662/mo
- 2 BR
- $822/mo
- 3 BR
- $1,025/mo
- 4 BR
- $1,215/mo
- Median Income
- $43,989/yr
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Akron or Richmond cheaper to rent in?
Akron is cheaper — a 2-bedroom Fair Market Rent is $822/mo vs $1,021/mo in Richmond. That's $199/mo or $2,388/year more expensive in Richmond (24% higher).
What is the 2-bedroom rent in Akron vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Akron is $822/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Akron and Richmond?
The median household income in Akron is $43,989/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Akron vs Richmond?
A studio apartment Fair Market Rent in Akron is $552/mo. In Richmond it is $669/mo.