Minneapolis-St. Paul-Bloomington vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 7% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $840/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Richmond | Difference |
|---|---|---|---|
| Studio | $731 | $669 | $62 |
| 1 Bedroom | $917 | $842 | $75 |
| 2 Bedrooms | $1,091 | $1,021 | $70 |
| 3 Bedrooms | $1,436 | $1,317 | $119 |
| 4 Bedrooms | $1,675 | $1,453 | $222 |
| Median Income | $69,491 | $69,914 | $423 |
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/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 Minneapolis-St. Paul-Bloomington or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $70/mo or $840/year more expensive in Minneapolis-St. Paul-Bloomington (7% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Richmond?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Richmond?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Richmond it is $669/mo.