Richmond vs Savannah
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Savannah is 6% cheaper for renters. A 2-bedroom rents for $966/mo vs $1,021/mo in Richmond — saving $660/year.
Rent by Unit Size
| Unit Size | Richmond | Savannah | Difference |
|---|---|---|---|
| Studio | $669 | $638 | $31 |
| 1 Bedroom | $842 | $772 | $70 |
| 2 Bedrooms | $1,021 | $966 | $55 |
| 3 Bedrooms | $1,317 | $1,195 | $122 |
| 4 Bedrooms | $1,453 | $1,403 | $50 |
| Median Income | $69,914 | $56,077 | $13,837 |
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
Savannah
- Studio
- $638/mo
- 1 BR
- $772/mo
- 2 BR
- $966/mo
- 3 BR
- $1,195/mo
- 4 BR
- $1,403/mo
- Median Income
- $56,077/yr
Frequently Asked Questions
Is Richmond or Savannah cheaper to rent in?
Savannah is cheaper — a 2-bedroom Fair Market Rent is $966/mo vs $1,021/mo in Richmond. That's $55/mo or $660/year more expensive in Richmond (6% higher).
What is the 2-bedroom rent in Richmond vs Savannah?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Savannah, a 2-bedroom FMR is $966/month.
How do incomes compare between Richmond and Savannah?
The median household income in Richmond is $69,914/year. In Savannah it is $56,077/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Savannah?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Savannah it is $638/mo.