Medford vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 4% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,065/mo in Medford — saving $528/year.
Rent by Unit Size
| Unit Size | Medford | Richmond | Difference |
|---|---|---|---|
| Studio | $704 | $669 | $35 |
| 1 Bedroom | $865 | $842 | $23 |
| 2 Bedrooms | $1,065 | $1,021 | $44 |
| 3 Bedrooms | $1,318 | $1,317 | $1 |
| 4 Bedrooms | $1,480 | $1,453 | $27 |
| Median Income | $51,417 | $69,914 | $18,497 |
Medford
- Studio
- $704/mo
- 1 BR
- $865/mo
- 2 BR
- $1,065/mo
- 3 BR
- $1,318/mo
- 4 BR
- $1,480/mo
- Median Income
- $51,417/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 Medford or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,065/mo in Medford. That's $44/mo or $528/year more expensive in Medford (4% higher).
What is the 2-bedroom rent in Medford vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Medford is $1,065/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Medford and Richmond?
The median household income in Medford is $51,417/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Medford vs Richmond?
A studio apartment Fair Market Rent in Medford is $704/mo. In Richmond it is $669/mo.