Richmond vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Roanoke is 27% cheaper for renters. A 2-bedroom rents for $803/mo vs $1,021/mo in Richmond — saving $2,616/year.
Rent by Unit Size
| Unit Size | Richmond | Roanoke | Difference |
|---|---|---|---|
| Studio | $669 | $518 | $151 |
| 1 Bedroom | $842 | $643 | $199 |
| 2 Bedrooms | $1,021 | $803 | $218 |
| 3 Bedrooms | $1,317 | $980 | $337 |
| 4 Bedrooms | $1,453 | $1,168 | $285 |
| Median Income | $69,914 | $51,099 | $18,815 |
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
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Richmond or Roanoke cheaper to rent in?
Roanoke is cheaper — a 2-bedroom Fair Market Rent is $803/mo vs $1,021/mo in Richmond. That's $218/mo or $2,616/year more expensive in Richmond (27% higher).
What is the 2-bedroom rent in Richmond vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Richmond and Roanoke?
The median household income in Richmond is $69,914/year. In Roanoke it is $51,099/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Roanoke?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Roanoke it is $518/mo.