Cleveland-Elyria vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cleveland-Elyria is 21% cheaper for renters. A 2-bedroom rents for $844/mo vs $1,021/mo in Richmond — saving $2,124/year.
Rent by Unit Size
| Unit Size | Cleveland-Elyria | Richmond | Difference |
|---|---|---|---|
| Studio | $566 | $669 | $103 |
| 1 Bedroom | $677 | $842 | $165 |
| 2 Bedrooms | $844 | $1,021 | $177 |
| 3 Bedrooms | $1,081 | $1,317 | $236 |
| 4 Bedrooms | $1,197 | $1,453 | $256 |
| Median Income | $59,020 | $69,914 | $10,894 |
Cleveland-Elyria
- Studio
- $566/mo
- 1 BR
- $677/mo
- 2 BR
- $844/mo
- 3 BR
- $1,081/mo
- 4 BR
- $1,197/mo
- Median Income
- $59,020/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 Cleveland-Elyria or Richmond cheaper to rent in?
Cleveland-Elyria is cheaper — a 2-bedroom Fair Market Rent is $844/mo vs $1,021/mo in Richmond. That's $177/mo or $2,124/year more expensive in Richmond (21% higher).
What is the 2-bedroom rent in Cleveland-Elyria vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Cleveland-Elyria is $844/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Cleveland-Elyria and Richmond?
The median household income in Cleveland-Elyria is $59,020/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Cleveland-Elyria vs Richmond?
A studio apartment Fair Market Rent in Cleveland-Elyria is $566/mo. In Richmond it is $669/mo.