Champaign-Urbana vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Champaign-Urbana is 34% cheaper for renters. A 2-bedroom rents for $764/mo vs $1,021/mo in Richmond — saving $3,084/year.
Rent by Unit Size
| Unit Size | Champaign-Urbana | Richmond | Difference |
|---|---|---|---|
| Studio | $503 | $669 | $166 |
| 1 Bedroom | $642 | $842 | $200 |
| 2 Bedrooms | $764 | $1,021 | $257 |
| 3 Bedrooms | $1,017 | $1,317 | $300 |
| 4 Bedrooms | $1,103 | $1,453 | $350 |
| Median Income | $49,808 | $69,914 | $20,106 |
Champaign-Urbana
- Studio
- $503/mo
- 1 BR
- $642/mo
- 2 BR
- $764/mo
- 3 BR
- $1,017/mo
- 4 BR
- $1,103/mo
- Median Income
- $49,808/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 Champaign-Urbana or Richmond cheaper to rent in?
Champaign-Urbana is cheaper — a 2-bedroom Fair Market Rent is $764/mo vs $1,021/mo in Richmond. That's $257/mo or $3,084/year more expensive in Richmond (34% higher).
What is the 2-bedroom rent in Champaign-Urbana vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Champaign-Urbana is $764/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Champaign-Urbana and Richmond?
The median household income in Champaign-Urbana is $49,808/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Champaign-Urbana vs Richmond?
A studio apartment Fair Market Rent in Champaign-Urbana is $503/mo. In Richmond it is $669/mo.