Idaho Falls vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Idaho Falls is 14% cheaper for renters. A 2-bedroom rents for $897/mo vs $1,021/mo in Richmond — saving $1,488/year.
Rent by Unit Size
| Unit Size | Idaho Falls | Richmond | Difference |
|---|---|---|---|
| Studio | $583 | $669 | $86 |
| 1 Bedroom | $710 | $842 | $132 |
| 2 Bedrooms | $897 | $1,021 | $124 |
| 3 Bedrooms | $1,089 | $1,317 | $228 |
| 4 Bedrooms | $1,288 | $1,453 | $165 |
| Median Income | $42,238 | $69,914 | $27,676 |
Idaho Falls
- Studio
- $583/mo
- 1 BR
- $710/mo
- 2 BR
- $897/mo
- 3 BR
- $1,089/mo
- 4 BR
- $1,288/mo
- Median Income
- $42,238/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 Idaho Falls or Richmond cheaper to rent in?
Idaho Falls is cheaper — a 2-bedroom Fair Market Rent is $897/mo vs $1,021/mo in Richmond. That's $124/mo or $1,488/year more expensive in Richmond (14% higher).
What is the 2-bedroom rent in Idaho Falls vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Idaho Falls is $897/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Idaho Falls and Richmond?
The median household income in Idaho Falls is $42,238/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Idaho Falls vs Richmond?
A studio apartment Fair Market Rent in Idaho Falls is $583/mo. In Richmond it is $669/mo.