Chattanooga vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Chattanooga is 25% cheaper for renters. A 2-bedroom rents for $820/mo vs $1,021/mo in Richmond — saving $2,412/year.
Rent by Unit Size
| Unit Size | Chattanooga | Richmond | Difference |
|---|---|---|---|
| Studio | $557 | $669 | $112 |
| 1 Bedroom | $669 | $842 | $173 |
| 2 Bedrooms | $820 | $1,021 | $201 |
| 3 Bedrooms | $1,035 | $1,317 | $282 |
| 4 Bedrooms | $1,226 | $1,453 | $227 |
| Median Income | $44,498 | $69,914 | $25,416 |
Chattanooga
- Studio
- $557/mo
- 1 BR
- $669/mo
- 2 BR
- $820/mo
- 3 BR
- $1,035/mo
- 4 BR
- $1,226/mo
- Median Income
- $44,498/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 Chattanooga or Richmond cheaper to rent in?
Chattanooga is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $1,021/mo in Richmond. That's $201/mo or $2,412/year more expensive in Richmond (25% higher).
What is the 2-bedroom rent in Chattanooga vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Chattanooga is $820/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Chattanooga and Richmond?
The median household income in Chattanooga is $44,498/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Chattanooga vs Richmond?
A studio apartment Fair Market Rent in Chattanooga is $557/mo. In Richmond it is $669/mo.