Colorado Springs vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 12% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,142/mo in Colorado Springs — saving $1,452/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Richmond | Difference |
|---|---|---|---|
| Studio | $778 | $669 | $109 |
| 1 Bedroom | $959 | $842 | $117 |
| 2 Bedrooms | $1,142 | $1,021 | $121 |
| 3 Bedrooms | $1,510 | $1,317 | $193 |
| 4 Bedrooms | $1,677 | $1,453 | $224 |
| Median Income | $70,288 | $69,914 | $374 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,142/mo in Colorado Springs. That's $121/mo or $1,452/year more expensive in Colorado Springs (12% higher).
What is the 2-bedroom rent in Colorado Springs vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Colorado Springs and Richmond?
The median household income in Colorado Springs is $70,288/year. In Richmond it is $69,914/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Richmond?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Richmond it is $669/mo.