Reno vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 18% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,208/mo in Reno — saving $2,244/year.
Rent by Unit Size
| Unit Size | Reno | Richmond | Difference |
|---|---|---|---|
| Studio | $773 | $669 | $104 |
| 1 Bedroom | $946 | $842 | $104 |
| 2 Bedrooms | $1,208 | $1,021 | $187 |
| 3 Bedrooms | $1,422 | $1,317 | $105 |
| 4 Bedrooms | $1,636 | $1,453 | $183 |
| Median Income | $59,858 | $69,914 | $10,056 |
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/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 Reno or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,208/mo in Reno. That's $187/mo or $2,244/year more expensive in Reno (18% higher).
What is the 2-bedroom rent in Reno vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Reno is $1,208/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Reno and Richmond?
The median household income in Reno is $59,858/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Reno vs Richmond?
A studio apartment Fair Market Rent in Reno is $773/mo. In Richmond it is $669/mo.