Ann Arbor vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 15% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,170/mo in Ann Arbor — saving $1,788/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Richmond | Difference |
|---|---|---|---|
| Studio | $781 | $669 | $112 |
| 1 Bedroom | $945 | $842 | $103 |
| 2 Bedrooms | $1,170 | $1,021 | $149 |
| 3 Bedrooms | $1,486 | $1,317 | $169 |
| 4 Bedrooms | $1,736 | $1,453 | $283 |
| Median Income | $58,245 | $69,914 | $11,669 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,170/mo in Ann Arbor. That's $149/mo or $1,788/year more expensive in Ann Arbor (15% higher).
What is the 2-bedroom rent in Ann Arbor vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Ann Arbor and Richmond?
The median household income in Ann Arbor is $58,245/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Ann Arbor vs Richmond?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Richmond it is $669/mo.