Grand Rapids-Kentwood vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Grand Rapids-Kentwood is 8% cheaper for renters. A 2-bedroom rents for $945/mo vs $1,021/mo in Richmond — saving $912/year.
Rent by Unit Size
| Unit Size | Grand Rapids-Kentwood | Richmond | Difference |
|---|---|---|---|
| Studio | $583 | $669 | $86 |
| 1 Bedroom | $741 | $842 | $101 |
| 2 Bedrooms | $945 | $1,021 | $76 |
| 3 Bedrooms | $1,145 | $1,317 | $172 |
| 4 Bedrooms | $1,345 | $1,453 | $108 |
| Median Income | $58,686 | $69,914 | $11,228 |
Grand Rapids-Kentwood
- Studio
- $583/mo
- 1 BR
- $741/mo
- 2 BR
- $945/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,345/mo
- Median Income
- $58,686/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 Grand Rapids-Kentwood or Richmond cheaper to rent in?
Grand Rapids-Kentwood is cheaper — a 2-bedroom Fair Market Rent is $945/mo vs $1,021/mo in Richmond. That's $76/mo or $912/year more expensive in Richmond (8% higher).
What is the 2-bedroom rent in Grand Rapids-Kentwood vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Grand Rapids-Kentwood is $945/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Grand Rapids-Kentwood and Richmond?
The median household income in Grand Rapids-Kentwood is $58,686/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Grand Rapids-Kentwood vs Richmond?
A studio apartment Fair Market Rent in Grand Rapids-Kentwood is $583/mo. In Richmond it is $669/mo.