Asheville vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 8% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,106/mo in Asheville — saving $1,020/year.
Rent by Unit Size
| Unit Size | Asheville | Richmond | Difference |
|---|---|---|---|
| Studio | $689 | $669 | $20 |
| 1 Bedroom | $875 | $842 | $33 |
| 2 Bedrooms | $1,106 | $1,021 | $85 |
| 3 Bedrooms | $1,316 | $1,317 | $1 |
| 4 Bedrooms | $1,577 | $1,453 | $124 |
| Median Income | $64,400 | $69,914 | $5,514 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/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 Asheville or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,106/mo in Asheville. That's $85/mo or $1,020/year more expensive in Asheville (8% higher).
What is the 2-bedroom rent in Asheville vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Asheville and Richmond?
The median household income in Asheville is $64,400/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Asheville vs Richmond?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Richmond it is $669/mo.