Lincoln vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lincoln is 22% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,021/mo in Richmond — saving $2,232/year.
Rent by Unit Size
| Unit Size | Lincoln | Richmond | Difference |
|---|---|---|---|
| Studio | $561 | $669 | $108 |
| 1 Bedroom | $685 | $842 | $157 |
| 2 Bedrooms | $835 | $1,021 | $186 |
| 3 Bedrooms | $1,007 | $1,317 | $310 |
| 4 Bedrooms | $1,216 | $1,453 | $237 |
| Median Income | $40,210 | $69,914 | $29,704 |
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/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 Lincoln or Richmond cheaper to rent in?
Lincoln is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,021/mo in Richmond. That's $186/mo or $2,232/year more expensive in Richmond (22% higher).
What is the 2-bedroom rent in Lincoln vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Lincoln is $835/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Lincoln and Richmond?
The median household income in Lincoln is $40,210/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Lincoln vs Richmond?
A studio apartment Fair Market Rent in Lincoln is $561/mo. In Richmond it is $669/mo.