Providence-Warwick vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 10% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,122/mo in Providence-Warwick — saving $1,212/year.
Rent by Unit Size
| Unit Size | Providence-Warwick | Richmond | Difference |
|---|---|---|---|
| Studio | $784 | $669 | $115 |
| 1 Bedroom | $946 | $842 | $104 |
| 2 Bedrooms | $1,122 | $1,021 | $101 |
| 3 Bedrooms | $1,429 | $1,317 | $112 |
| 4 Bedrooms | $1,663 | $1,453 | $210 |
| Median Income | $69,693 | $69,914 | $221 |
Providence-Warwick
- Studio
- $784/mo
- 1 BR
- $946/mo
- 2 BR
- $1,122/mo
- 3 BR
- $1,429/mo
- 4 BR
- $1,663/mo
- Median Income
- $69,693/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 Providence-Warwick or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,122/mo in Providence-Warwick. That's $101/mo or $1,212/year more expensive in Providence-Warwick (10% higher).
What is the 2-bedroom rent in Providence-Warwick vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Providence-Warwick is $1,122/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Providence-Warwick and Richmond?
The median household income in Providence-Warwick is $69,693/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Providence-Warwick vs Richmond?
A studio apartment Fair Market Rent in Providence-Warwick is $784/mo. In Richmond it is $669/mo.