Fort Wayne vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fort Wayne is 31% cheaper for renters. A 2-bedroom rents for $777/mo vs $1,021/mo in Richmond — saving $2,928/year.
Rent by Unit Size
| Unit Size | Fort Wayne | Richmond | Difference |
|---|---|---|---|
| Studio | $499 | $669 | $170 |
| 1 Bedroom | $639 | $842 | $203 |
| 2 Bedrooms | $777 | $1,021 | $244 |
| 3 Bedrooms | $969 | $1,317 | $348 |
| 4 Bedrooms | $1,175 | $1,453 | $278 |
| Median Income | $47,806 | $69,914 | $22,108 |
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/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 Fort Wayne or Richmond cheaper to rent in?
Fort Wayne is cheaper — a 2-bedroom Fair Market Rent is $777/mo vs $1,021/mo in Richmond. That's $244/mo or $2,928/year more expensive in Richmond (31% higher).
What is the 2-bedroom rent in Fort Wayne vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Fort Wayne is $777/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Fort Wayne and Richmond?
The median household income in Fort Wayne is $47,806/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Fort Wayne vs Richmond?
A studio apartment Fair Market Rent in Fort Wayne is $499/mo. In Richmond it is $669/mo.