Bismarck vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bismarck is 25% cheaper for renters. A 2-bedroom rents for $817/mo vs $1,021/mo in Richmond — saving $2,448/year.
Rent by Unit Size
| Unit Size | Bismarck | Richmond | Difference |
|---|---|---|---|
| Studio | $555 | $669 | $114 |
| 1 Bedroom | $667 | $842 | $175 |
| 2 Bedrooms | $817 | $1,021 | $204 |
| 3 Bedrooms | $1,020 | $1,317 | $297 |
| 4 Bedrooms | $1,141 | $1,453 | $312 |
| Median Income | $52,444 | $69,914 | $17,470 |
Bismarck
- Studio
- $555/mo
- 1 BR
- $667/mo
- 2 BR
- $817/mo
- 3 BR
- $1,020/mo
- 4 BR
- $1,141/mo
- Median Income
- $52,444/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 Bismarck or Richmond cheaper to rent in?
Bismarck is cheaper — a 2-bedroom Fair Market Rent is $817/mo vs $1,021/mo in Richmond. That's $204/mo or $2,448/year more expensive in Richmond (25% higher).
What is the 2-bedroom rent in Bismarck vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Bismarck is $817/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Bismarck and Richmond?
The median household income in Bismarck is $52,444/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Bismarck vs Richmond?
A studio apartment Fair Market Rent in Bismarck is $555/mo. In Richmond it is $669/mo.