Gainesville vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Gainesville is 1% cheaper for renters. A 2-bedroom rents for $1,011/mo vs $1,021/mo in Richmond — saving $120/year.
Rent by Unit Size
| Unit Size | Gainesville | Richmond | Difference |
|---|---|---|---|
| Studio | $680 | $669 | $11 |
| 1 Bedroom | $802 | $842 | $40 |
| 2 Bedrooms | $1,011 | $1,021 | $10 |
| 3 Bedrooms | $1,236 | $1,317 | $81 |
| 4 Bedrooms | $1,426 | $1,453 | $27 |
| Median Income | $47,354 | $69,914 | $22,560 |
Gainesville
- Studio
- $680/mo
- 1 BR
- $802/mo
- 2 BR
- $1,011/mo
- 3 BR
- $1,236/mo
- 4 BR
- $1,426/mo
- Median Income
- $47,354/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 Gainesville or Richmond cheaper to rent in?
Gainesville is cheaper — a 2-bedroom Fair Market Rent is $1,011/mo vs $1,021/mo in Richmond. That's $10/mo or $120/year more expensive in Richmond (1% higher).
What is the 2-bedroom rent in Gainesville vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Gainesville is $1,011/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Gainesville and Richmond?
The median household income in Gainesville is $47,354/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Gainesville vs Richmond?
A studio apartment Fair Market Rent in Gainesville is $680/mo. In Richmond it is $669/mo.