Cincinnati vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cincinnati is 10% cheaper for renters. A 2-bedroom rents for $924/mo vs $1,021/mo in Richmond — saving $1,164/year.
Rent by Unit Size
| Unit Size | Cincinnati | Richmond | Difference |
|---|---|---|---|
| Studio | $616 | $669 | $53 |
| 1 Bedroom | $741 | $842 | $101 |
| 2 Bedrooms | $924 | $1,021 | $97 |
| 3 Bedrooms | $1,099 | $1,317 | $218 |
| 4 Bedrooms | $1,252 | $1,453 | $201 |
| Median Income | $47,367 | $69,914 | $22,547 |
Cincinnati
- Studio
- $616/mo
- 1 BR
- $741/mo
- 2 BR
- $924/mo
- 3 BR
- $1,099/mo
- 4 BR
- $1,252/mo
- Median Income
- $47,367/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 Cincinnati or Richmond cheaper to rent in?
Cincinnati is cheaper — a 2-bedroom Fair Market Rent is $924/mo vs $1,021/mo in Richmond. That's $97/mo or $1,164/year more expensive in Richmond (10% higher).
What is the 2-bedroom rent in Cincinnati vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Cincinnati is $924/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Cincinnati and Richmond?
The median household income in Cincinnati is $47,367/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Cincinnati vs Richmond?
A studio apartment Fair Market Rent in Cincinnati is $616/mo. In Richmond it is $669/mo.