Great Falls vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 29% cheaper for renters. A 2-bedroom rents for $791/mo vs $1,021/mo in Richmond — saving $2,760/year.
Rent by Unit Size
| Unit Size | Great Falls | Richmond | Difference |
|---|---|---|---|
| Studio | $519 | $669 | $150 |
| 1 Bedroom | $625 | $842 | $217 |
| 2 Bedrooms | $791 | $1,021 | $230 |
| 3 Bedrooms | $997 | $1,317 | $320 |
| 4 Bedrooms | $1,047 | $1,453 | $406 |
| Median Income | $41,522 | $69,914 | $28,392 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Richmond cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $1,021/mo in Richmond. That's $230/mo or $2,760/year more expensive in Richmond (29% higher).
What is the 2-bedroom rent in Great Falls vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Great Falls and Richmond?
The median household income in Great Falls is $41,522/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Great Falls vs Richmond?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Richmond it is $669/mo.