Cheyenne vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 13% cheaper for renters. A 2-bedroom rents for $906/mo vs $1,021/mo in Richmond — saving $1,380/year.
Rent by Unit Size
| Unit Size | Cheyenne | Richmond | Difference |
|---|---|---|---|
| Studio | $586 | $669 | $83 |
| 1 Bedroom | $741 | $842 | $101 |
| 2 Bedrooms | $906 | $1,021 | $115 |
| 3 Bedrooms | $1,120 | $1,317 | $197 |
| 4 Bedrooms | $1,322 | $1,453 | $131 |
| Median Income | $46,984 | $69,914 | $22,930 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/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 Cheyenne or Richmond cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $1,021/mo in Richmond. That's $115/mo or $1,380/year more expensive in Richmond (13% higher).
What is the 2-bedroom rent in Cheyenne vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Cheyenne and Richmond?
The median household income in Cheyenne is $46,984/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Cheyenne vs Richmond?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Richmond it is $669/mo.