Lake Charles vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lake Charles is 39% cheaper for renters. A 2-bedroom rents for $735/mo vs $1,021/mo in Richmond — saving $3,432/year.
Rent by Unit Size
| Unit Size | Lake Charles | Richmond | Difference |
|---|---|---|---|
| Studio | $490 | $669 | $179 |
| 1 Bedroom | $592 | $842 | $250 |
| 2 Bedrooms | $735 | $1,021 | $286 |
| 3 Bedrooms | $930 | $1,317 | $387 |
| 4 Bedrooms | $984 | $1,453 | $469 |
| Median Income | $45,479 | $69,914 | $24,435 |
Lake Charles
- Studio
- $490/mo
- 1 BR
- $592/mo
- 2 BR
- $735/mo
- 3 BR
- $930/mo
- 4 BR
- $984/mo
- Median Income
- $45,479/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 Lake Charles or Richmond cheaper to rent in?
Lake Charles is cheaper — a 2-bedroom Fair Market Rent is $735/mo vs $1,021/mo in Richmond. That's $286/mo or $3,432/year more expensive in Richmond (39% higher).
What is the 2-bedroom rent in Lake Charles vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Lake Charles is $735/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Lake Charles and Richmond?
The median household income in Lake Charles is $45,479/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Lake Charles vs Richmond?
A studio apartment Fair Market Rent in Lake Charles is $490/mo. In Richmond it is $669/mo.