Lexington-Fayette vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lexington-Fayette is 12% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,021/mo in Richmond — saving $1,296/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Richmond | Difference |
|---|---|---|---|
| Studio | $595 | $669 | $74 |
| 1 Bedroom | $719 | $842 | $123 |
| 2 Bedrooms | $913 | $1,021 | $108 |
| 3 Bedrooms | $1,047 | $1,317 | $270 |
| 4 Bedrooms | $1,300 | $1,453 | $153 |
| Median Income | $47,838 | $69,914 | $22,076 |
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/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 Lexington-Fayette or Richmond cheaper to rent in?
Lexington-Fayette is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,021/mo in Richmond. That's $108/mo or $1,296/year more expensive in Richmond (12% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Lexington-Fayette and Richmond?
The median household income in Lexington-Fayette is $47,838/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Lexington-Fayette vs Richmond?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Richmond it is $669/mo.