Lynchburg vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lynchburg is 42% cheaper for renters. A 2-bedroom rents for $721/mo vs $1,021/mo in Richmond — saving $3,600/year.
Rent by Unit Size
| Unit Size | Lynchburg | Richmond | Difference |
|---|---|---|---|
| Studio | $494 | $669 | $175 |
| 1 Bedroom | $589 | $842 | $253 |
| 2 Bedrooms | $721 | $1,021 | $300 |
| 3 Bedrooms | $933 | $1,317 | $384 |
| 4 Bedrooms | $1,024 | $1,453 | $429 |
| Median Income | $37,857 | $69,914 | $32,057 |
Lynchburg
- Studio
- $494/mo
- 1 BR
- $589/mo
- 2 BR
- $721/mo
- 3 BR
- $933/mo
- 4 BR
- $1,024/mo
- Median Income
- $37,857/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 Lynchburg or Richmond cheaper to rent in?
Lynchburg is cheaper — a 2-bedroom Fair Market Rent is $721/mo vs $1,021/mo in Richmond. That's $300/mo or $3,600/year more expensive in Richmond (42% higher).
What is the 2-bedroom rent in Lynchburg vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Lynchburg is $721/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Lynchburg and Richmond?
The median household income in Lynchburg is $37,857/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Lynchburg vs Richmond?
A studio apartment Fair Market Rent in Lynchburg is $494/mo. In Richmond it is $669/mo.