Louisville-Jefferson County vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Louisville-Jefferson County 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 | Louisville-Jefferson County | Richmond | Difference |
|---|---|---|---|
| Studio | $555 | $669 | $114 |
| 1 Bedroom | $707 | $842 | $135 |
| 2 Bedrooms | $835 | $1,021 | $186 |
| 3 Bedrooms | $1,082 | $1,317 | $235 |
| 4 Bedrooms | $1,307 | $1,453 | $146 |
| Median Income | $52,763 | $69,914 | $17,151 |
Louisville-Jefferson County
- Studio
- $555/mo
- 1 BR
- $707/mo
- 2 BR
- $835/mo
- 3 BR
- $1,082/mo
- 4 BR
- $1,307/mo
- Median Income
- $52,763/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 Louisville-Jefferson County or Richmond cheaper to rent in?
Louisville-Jefferson County 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 Louisville-Jefferson County vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Louisville-Jefferson County is $835/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Louisville-Jefferson County and Richmond?
The median household income in Louisville-Jefferson County is $52,763/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Louisville-Jefferson County vs Richmond?
A studio apartment Fair Market Rent in Louisville-Jefferson County is $555/mo. In Richmond it is $669/mo.