Portland-South Portland 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 $1,145/mo in Portland-South Portland — saving $1,488/year.
Rent by Unit Size
| Unit Size | Portland-South Portland | Richmond | Difference |
|---|---|---|---|
| Studio | $765 | $669 | $96 |
| 1 Bedroom | $906 | $842 | $64 |
| 2 Bedrooms | $1,145 | $1,021 | $124 |
| 3 Bedrooms | $1,402 | $1,317 | $85 |
| 4 Bedrooms | $1,638 | $1,453 | $185 |
| Median Income | $58,824 | $69,914 | $11,090 |
Portland-South Portland
- Studio
- $765/mo
- 1 BR
- $906/mo
- 2 BR
- $1,145/mo
- 3 BR
- $1,402/mo
- 4 BR
- $1,638/mo
- Median Income
- $58,824/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 Portland-South Portland or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,145/mo in Portland-South Portland. That's $124/mo or $1,488/year more expensive in Portland-South Portland (12% higher).
What is the 2-bedroom rent in Portland-South Portland vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Portland-South Portland is $1,145/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Portland-South Portland and Richmond?
The median household income in Portland-South Portland is $58,824/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Portland-South Portland vs Richmond?
A studio apartment Fair Market Rent in Portland-South Portland is $765/mo. In Richmond it is $669/mo.