Cape Coral-Fort Myers 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 $1,171/mo in Cape Coral-Fort Myers — saving $1,800/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Richmond | Difference |
|---|---|---|---|
| Studio | $802 | $669 | $133 |
| 1 Bedroom | $985 | $842 | $143 |
| 2 Bedrooms | $1,171 | $1,021 | $150 |
| 3 Bedrooms | $1,479 | $1,317 | $162 |
| 4 Bedrooms | $1,690 | $1,453 | $237 |
| Median Income | $72,521 | $69,914 | $2,607 |
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/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 Cape Coral-Fort Myers or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $150/mo or $1,800/year more expensive in Cape Coral-Fort Myers (15% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Cape Coral-Fort Myers and Richmond?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Richmond it is $69,914/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Richmond?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Richmond it is $669/mo.