Fayetteville vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fayetteville is 34% cheaper for renters. A 2-bedroom rents for $763/mo vs $1,021/mo in Richmond — saving $3,096/year.
Rent by Unit Size
| Unit Size | Fayetteville | Richmond | Difference |
|---|---|---|---|
| Studio | $541 | $669 | $128 |
| 1 Bedroom | $639 | $842 | $203 |
| 2 Bedrooms | $763 | $1,021 | $258 |
| 3 Bedrooms | $1,019 | $1,317 | $298 |
| 4 Bedrooms | $1,164 | $1,453 | $289 |
| Median Income | $49,948 | $69,914 | $19,966 |
Fayetteville
- Studio
- $541/mo
- 1 BR
- $639/mo
- 2 BR
- $763/mo
- 3 BR
- $1,019/mo
- 4 BR
- $1,164/mo
- Median Income
- $49,948/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 Fayetteville or Richmond cheaper to rent in?
Fayetteville is cheaper — a 2-bedroom Fair Market Rent is $763/mo vs $1,021/mo in Richmond. That's $258/mo or $3,096/year more expensive in Richmond (34% higher).
What is the 2-bedroom rent in Fayetteville vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Fayetteville is $763/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Fayetteville and Richmond?
The median household income in Fayetteville is $49,948/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Fayetteville vs Richmond?
A studio apartment Fair Market Rent in Fayetteville is $541/mo. In Richmond it is $669/mo.