Nashville-Davidson-Murfreesboro vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 12% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,144/mo in Nashville-Davidson-Murfreesboro — saving $1,476/year.
Rent by Unit Size
| Unit Size | Nashville-Davidson-Murfreesboro | Richmond | Difference |
|---|---|---|---|
| Studio | $733 | $669 | $64 |
| 1 Bedroom | $920 | $842 | $78 |
| 2 Bedrooms | $1,144 | $1,021 | $123 |
| 3 Bedrooms | $1,439 | $1,317 | $122 |
| 4 Bedrooms | $1,613 | $1,453 | $160 |
| Median Income | $74,218 | $69,914 | $4,304 |
Nashville-Davidson-Murfreesboro
- Studio
- $733/mo
- 1 BR
- $920/mo
- 2 BR
- $1,144/mo
- 3 BR
- $1,439/mo
- 4 BR
- $1,613/mo
- Median Income
- $74,218/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 Nashville-Davidson-Murfreesboro or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,144/mo in Nashville-Davidson-Murfreesboro. That's $123/mo or $1,476/year more expensive in Nashville-Davidson-Murfreesboro (12% higher).
What is the 2-bedroom rent in Nashville-Davidson-Murfreesboro vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Nashville-Davidson-Murfreesboro is $1,144/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Nashville-Davidson-Murfreesboro and Richmond?
The median household income in Nashville-Davidson-Murfreesboro is $74,218/year. In Richmond it is $69,914/year. Nashville-Davidson-Murfreesboro has the higher median income.
What is the studio rent in Nashville-Davidson-Murfreesboro vs Richmond?
A studio apartment Fair Market Rent in Nashville-Davidson-Murfreesboro is $733/mo. In Richmond it is $669/mo.