Durham-Chapel Hill vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 8% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,098/mo in Durham-Chapel Hill — saving $924/year.
Rent by Unit Size
| Unit Size | Durham-Chapel Hill | Richmond | Difference |
|---|---|---|---|
| Studio | $730 | $669 | $61 |
| 1 Bedroom | $882 | $842 | $40 |
| 2 Bedrooms | $1,098 | $1,021 | $77 |
| 3 Bedrooms | $1,391 | $1,317 | $74 |
| 4 Bedrooms | $1,605 | $1,453 | $152 |
| Median Income | $69,791 | $69,914 | $123 |
Durham-Chapel Hill
- Studio
- $730/mo
- 1 BR
- $882/mo
- 2 BR
- $1,098/mo
- 3 BR
- $1,391/mo
- 4 BR
- $1,605/mo
- Median Income
- $69,791/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 Durham-Chapel Hill or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,098/mo in Durham-Chapel Hill. That's $77/mo or $924/year more expensive in Durham-Chapel Hill (8% higher).
What is the 2-bedroom rent in Durham-Chapel Hill vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Durham-Chapel Hill is $1,098/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Durham-Chapel Hill and Richmond?
The median household income in Durham-Chapel Hill is $69,791/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Durham-Chapel Hill vs Richmond?
A studio apartment Fair Market Rent in Durham-Chapel Hill is $730/mo. In Richmond it is $669/mo.