Missoula vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 6% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,081/mo in Missoula — saving $720/year.
Rent by Unit Size
| Unit Size | Missoula | Richmond | Difference |
|---|---|---|---|
| Studio | $762 | $669 | $93 |
| 1 Bedroom | $909 | $842 | $67 |
| 2 Bedrooms | $1,081 | $1,021 | $60 |
| 3 Bedrooms | $1,423 | $1,317 | $106 |
| 4 Bedrooms | $1,651 | $1,453 | $198 |
| Median Income | $73,596 | $69,914 | $3,682 |
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/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 Missoula or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,081/mo in Missoula. That's $60/mo or $720/year more expensive in Missoula (6% higher).
What is the 2-bedroom rent in Missoula vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Missoula is $1,081/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Missoula and Richmond?
The median household income in Missoula is $73,596/year. In Richmond it is $69,914/year. Missoula has the higher median income.
What is the studio rent in Missoula vs Richmond?
A studio apartment Fair Market Rent in Missoula is $762/mo. In Richmond it is $669/mo.