Charlottesville vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 5% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,075/mo in Charlottesville — saving $648/year.
Rent by Unit Size
| Unit Size | Charlottesville | Richmond | Difference |
|---|---|---|---|
| Studio | $700 | $669 | $31 |
| 1 Bedroom | $878 | $842 | $36 |
| 2 Bedrooms | $1,075 | $1,021 | $54 |
| 3 Bedrooms | $1,404 | $1,317 | $87 |
| 4 Bedrooms | $1,498 | $1,453 | $45 |
| Median Income | $70,871 | $69,914 | $957 |
Charlottesville
- Studio
- $700/mo
- 1 BR
- $878/mo
- 2 BR
- $1,075/mo
- 3 BR
- $1,404/mo
- 4 BR
- $1,498/mo
- Median Income
- $70,871/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 Charlottesville or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,075/mo in Charlottesville. That's $54/mo or $648/year more expensive in Charlottesville (5% higher).
What is the 2-bedroom rent in Charlottesville vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Charlottesville is $1,075/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Charlottesville and Richmond?
The median household income in Charlottesville is $70,871/year. In Richmond it is $69,914/year. Charlottesville has the higher median income.
What is the studio rent in Charlottesville vs Richmond?
A studio apartment Fair Market Rent in Charlottesville is $700/mo. In Richmond it is $669/mo.