Lubbock vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lubbock is 40% cheaper for renters. A 2-bedroom rents for $727/mo vs $1,021/mo in Richmond — saving $3,528/year.
Rent by Unit Size
| Unit Size | Lubbock | Richmond | Difference |
|---|---|---|---|
| Studio | $467 | $669 | $202 |
| 1 Bedroom | $585 | $842 | $257 |
| 2 Bedrooms | $727 | $1,021 | $294 |
| 3 Bedrooms | $896 | $1,317 | $421 |
| 4 Bedrooms | $1,003 | $1,453 | $450 |
| Median Income | $49,610 | $69,914 | $20,304 |
Lubbock
- Studio
- $467/mo
- 1 BR
- $585/mo
- 2 BR
- $727/mo
- 3 BR
- $896/mo
- 4 BR
- $1,003/mo
- Median Income
- $49,610/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 Lubbock or Richmond cheaper to rent in?
Lubbock is cheaper — a 2-bedroom Fair Market Rent is $727/mo vs $1,021/mo in Richmond. That's $294/mo or $3,528/year more expensive in Richmond (40% higher).
What is the 2-bedroom rent in Lubbock vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Lubbock is $727/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Lubbock and Richmond?
The median household income in Lubbock is $49,610/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Lubbock vs Richmond?
A studio apartment Fair Market Rent in Lubbock is $467/mo. In Richmond it is $669/mo.