El Paso vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
El Paso is 18% cheaper for renters. A 2-bedroom rents for $868/mo vs $1,021/mo in Richmond — saving $1,836/year.
Rent by Unit Size
| Unit Size | El Paso | Richmond | Difference |
|---|---|---|---|
| Studio | $557 | $669 | $112 |
| 1 Bedroom | $685 | $842 | $157 |
| 2 Bedrooms | $868 | $1,021 | $153 |
| 3 Bedrooms | $1,052 | $1,317 | $265 |
| 4 Bedrooms | $1,194 | $1,453 | $259 |
| Median Income | $45,964 | $69,914 | $23,950 |
El Paso
- Studio
- $557/mo
- 1 BR
- $685/mo
- 2 BR
- $868/mo
- 3 BR
- $1,052/mo
- 4 BR
- $1,194/mo
- Median Income
- $45,964/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 El Paso or Richmond cheaper to rent in?
El Paso is cheaper — a 2-bedroom Fair Market Rent is $868/mo vs $1,021/mo in Richmond. That's $153/mo or $1,836/year more expensive in Richmond (18% higher).
What is the 2-bedroom rent in El Paso vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in El Paso is $868/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between El Paso and Richmond?
The median household income in El Paso is $45,964/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in El Paso vs Richmond?
A studio apartment Fair Market Rent in El Paso is $557/mo. In Richmond it is $669/mo.