Baltimore-Columbia-Towson vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 20% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,227/mo in Baltimore-Columbia-Towson — saving $2,472/year.
Rent by Unit Size
| Unit Size | Baltimore-Columbia-Towson | Richmond | Difference |
|---|---|---|---|
| Studio | $829 | $669 | $160 |
| 1 Bedroom | $1,006 | $842 | $164 |
| 2 Bedrooms | $1,227 | $1,021 | $206 |
| 3 Bedrooms | $1,606 | $1,317 | $289 |
| 4 Bedrooms | $1,767 | $1,453 | $314 |
| Median Income | $88,278 | $69,914 | $18,364 |
Baltimore-Columbia-Towson
- Studio
- $829/mo
- 1 BR
- $1,006/mo
- 2 BR
- $1,227/mo
- 3 BR
- $1,606/mo
- 4 BR
- $1,767/mo
- Median Income
- $88,278/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 Baltimore-Columbia-Towson or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,227/mo in Baltimore-Columbia-Towson. That's $206/mo or $2,472/year more expensive in Baltimore-Columbia-Towson (20% higher).
What is the 2-bedroom rent in Baltimore-Columbia-Towson vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Baltimore-Columbia-Towson is $1,227/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Baltimore-Columbia-Towson and Richmond?
The median household income in Baltimore-Columbia-Towson is $88,278/year. In Richmond it is $69,914/year. Baltimore-Columbia-Towson has the higher median income.
What is the studio rent in Baltimore-Columbia-Towson vs Richmond?
A studio apartment Fair Market Rent in Baltimore-Columbia-Towson is $829/mo. In Richmond it is $669/mo.