Richmond vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 59% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,623/mo in San Luis Obispo — saving $7,224/year.
Rent by Unit Size
| Unit Size | Richmond | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $669 | $1,065 | $396 |
| 1 Bedroom | $842 | $1,360 | $518 |
| 2 Bedrooms | $1,021 | $1,623 | $602 |
| 3 Bedrooms | $1,317 | $2,039 | $722 |
| 4 Bedrooms | $1,453 | $2,372 | $919 |
| Median Income | $69,914 | $94,761 | $24,847 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Richmond or San Luis Obispo cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,623/mo in San Luis Obispo. That's $602/mo or $7,224/year more expensive in San Luis Obispo (59% higher).
What is the 2-bedroom rent in Richmond vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Richmond and San Luis Obispo?
The median household income in Richmond is $69,914/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Richmond vs San Luis Obispo?
A studio apartment Fair Market Rent in Richmond is $669/mo. In San Luis Obispo it is $1,065/mo.