Richmond vs Rockford
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rockford is 35% cheaper for renters. A 2-bedroom rents for $757/mo vs $1,021/mo in Richmond — saving $3,168/year.
Rent by Unit Size
| Unit Size | Richmond | Rockford | Difference |
|---|---|---|---|
| Studio | $669 | $509 | $160 |
| 1 Bedroom | $842 | $634 | $208 |
| 2 Bedrooms | $1,021 | $757 | $264 |
| 3 Bedrooms | $1,317 | $1,004 | $313 |
| 4 Bedrooms | $1,453 | $1,046 | $407 |
| Median Income | $69,914 | $47,844 | $22,070 |
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
Rockford
- Studio
- $509/mo
- 1 BR
- $634/mo
- 2 BR
- $757/mo
- 3 BR
- $1,004/mo
- 4 BR
- $1,046/mo
- Median Income
- $47,844/yr
Frequently Asked Questions
Is Richmond or Rockford cheaper to rent in?
Rockford is cheaper — a 2-bedroom Fair Market Rent is $757/mo vs $1,021/mo in Richmond. That's $264/mo or $3,168/year more expensive in Richmond (35% higher).
What is the 2-bedroom rent in Richmond vs Rockford?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Rockford, a 2-bedroom FMR is $757/month.
How do incomes compare between Richmond and Rockford?
The median household income in Richmond is $69,914/year. In Rockford it is $47,844/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Rockford?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Rockford it is $509/mo.