Laredo vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 46% cheaper for renters. A 2-bedroom rents for $698/mo vs $1,021/mo in Richmond — saving $3,876/year.
Rent by Unit Size
| Unit Size | Laredo | Richmond | Difference |
|---|---|---|---|
| Studio | $463 | $669 | $206 |
| 1 Bedroom | $552 | $842 | $290 |
| 2 Bedrooms | $698 | $1,021 | $323 |
| 3 Bedrooms | $851 | $1,317 | $466 |
| 4 Bedrooms | $966 | $1,453 | $487 |
| Median Income | $40,343 | $69,914 | $29,571 |
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/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 Laredo or Richmond cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $1,021/mo in Richmond. That's $323/mo or $3,876/year more expensive in Richmond (46% higher).
What is the 2-bedroom rent in Laredo vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Laredo is $698/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Laredo and Richmond?
The median household income in Laredo is $40,343/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Laredo vs Richmond?
A studio apartment Fair Market Rent in Laredo is $463/mo. In Richmond it is $669/mo.