Milwaukee-Waukesha vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Milwaukee-Waukesha is 9% cheaper for renters. A 2-bedroom rents for $941/mo vs $1,021/mo in Richmond — saving $960/year.
Rent by Unit Size
| Unit Size | Milwaukee-Waukesha | Richmond | Difference |
|---|---|---|---|
| Studio | $640 | $669 | $29 |
| 1 Bedroom | $760 | $842 | $82 |
| 2 Bedrooms | $941 | $1,021 | $80 |
| 3 Bedrooms | $1,181 | $1,317 | $136 |
| 4 Bedrooms | $1,384 | $1,453 | $69 |
| Median Income | $63,161 | $69,914 | $6,753 |
Milwaukee-Waukesha
- Studio
- $640/mo
- 1 BR
- $760/mo
- 2 BR
- $941/mo
- 3 BR
- $1,181/mo
- 4 BR
- $1,384/mo
- Median Income
- $63,161/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 Milwaukee-Waukesha or Richmond cheaper to rent in?
Milwaukee-Waukesha is cheaper — a 2-bedroom Fair Market Rent is $941/mo vs $1,021/mo in Richmond. That's $80/mo or $960/year more expensive in Richmond (9% higher).
What is the 2-bedroom rent in Milwaukee-Waukesha vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Milwaukee-Waukesha is $941/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Milwaukee-Waukesha and Richmond?
The median household income in Milwaukee-Waukesha is $63,161/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Milwaukee-Waukesha vs Richmond?
A studio apartment Fair Market Rent in Milwaukee-Waukesha is $640/mo. In Richmond it is $669/mo.