Miami-Fort Lauderdale-Pompano Beach vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 51% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,543/mo in Miami-Fort Lauderdale-Pompano Beach — saving $6,264/year.
Rent by Unit Size
| Unit Size | Miami-Fort Lauderdale-Pompano Beach | Richmond | Difference |
|---|---|---|---|
| Studio | $979 | $669 | $310 |
| 1 Bedroom | $1,206 | $842 | $364 |
| 2 Bedrooms | $1,543 | $1,021 | $522 |
| 3 Bedrooms | $1,928 | $1,317 | $611 |
| 4 Bedrooms | $2,007 | $1,453 | $554 |
| Median Income | $86,139 | $69,914 | $16,225 |
Miami-Fort Lauderdale-Pompano Beach
- Studio
- $979/mo
- 1 BR
- $1,206/mo
- 2 BR
- $1,543/mo
- 3 BR
- $1,928/mo
- 4 BR
- $2,007/mo
- Median Income
- $86,139/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 Miami-Fort Lauderdale-Pompano Beach or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,543/mo in Miami-Fort Lauderdale-Pompano Beach. That's $522/mo or $6,264/year more expensive in Miami-Fort Lauderdale-Pompano Beach (51% higher).
What is the 2-bedroom rent in Miami-Fort Lauderdale-Pompano Beach vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Miami-Fort Lauderdale-Pompano Beach is $1,543/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Miami-Fort Lauderdale-Pompano Beach and Richmond?
The median household income in Miami-Fort Lauderdale-Pompano Beach is $86,139/year. In Richmond it is $69,914/year. Miami-Fort Lauderdale-Pompano Beach has the higher median income.
What is the studio rent in Miami-Fort Lauderdale-Pompano Beach vs Richmond?
A studio apartment Fair Market Rent in Miami-Fort Lauderdale-Pompano Beach is $979/mo. In Richmond it is $669/mo.