Cedar Rapids vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 28% cheaper for renters. A 2-bedroom rents for $800/mo vs $1,021/mo in Richmond — saving $2,652/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Richmond | Difference |
|---|---|---|---|
| Studio | $530 | $669 | $139 |
| 1 Bedroom | $637 | $842 | $205 |
| 2 Bedrooms | $800 | $1,021 | $221 |
| 3 Bedrooms | $966 | $1,317 | $351 |
| 4 Bedrooms | $1,168 | $1,453 | $285 |
| Median Income | $45,870 | $69,914 | $24,044 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/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 Cedar Rapids or Richmond cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $1,021/mo in Richmond. That's $221/mo or $2,652/year more expensive in Richmond (28% higher).
What is the 2-bedroom rent in Cedar Rapids vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Cedar Rapids and Richmond?
The median household income in Cedar Rapids is $45,870/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Cedar Rapids vs Richmond?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Richmond it is $669/mo.