Albuquerque vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albuquerque is 7% cheaper for renters. A 2-bedroom rents for $958/mo vs $1,021/mo in Richmond — saving $756/year.
Rent by Unit Size
| Unit Size | Albuquerque | Richmond | Difference |
|---|---|---|---|
| Studio | $647 | $669 | $22 |
| 1 Bedroom | $793 | $842 | $49 |
| 2 Bedrooms | $958 | $1,021 | $63 |
| 3 Bedrooms | $1,161 | $1,317 | $156 |
| 4 Bedrooms | $1,339 | $1,453 | $114 |
| Median Income | $49,585 | $69,914 | $20,329 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/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 Albuquerque or Richmond cheaper to rent in?
Albuquerque is cheaper — a 2-bedroom Fair Market Rent is $958/mo vs $1,021/mo in Richmond. That's $63/mo or $756/year more expensive in Richmond (7% higher).
What is the 2-bedroom rent in Albuquerque vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Albuquerque and Richmond?
The median household income in Albuquerque is $49,585/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Albuquerque vs Richmond?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Richmond it is $669/mo.