Evansville vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 47% cheaper for renters. A 2-bedroom rents for $694/mo vs $1,021/mo in Richmond — saving $3,924/year.
Rent by Unit Size
| Unit Size | Evansville | Richmond | Difference |
|---|---|---|---|
| Studio | $442 | $669 | $227 |
| 1 Bedroom | $564 | $842 | $278 |
| 2 Bedrooms | $694 | $1,021 | $327 |
| 3 Bedrooms | $844 | $1,317 | $473 |
| 4 Bedrooms | $981 | $1,453 | $472 |
| Median Income | $35,376 | $69,914 | $34,538 |
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/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 Evansville or Richmond cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $1,021/mo in Richmond. That's $327/mo or $3,924/year more expensive in Richmond (47% higher).
What is the 2-bedroom rent in Evansville vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Evansville and Richmond?
The median household income in Evansville is $35,376/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Evansville vs Richmond?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Richmond it is $669/mo.