Richmond vs South Bend-Mishawaka
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
South Bend-Mishawaka is 41% cheaper for renters. A 2-bedroom rents for $724/mo vs $1,021/mo in Richmond — saving $3,564/year.
Rent by Unit Size
| Unit Size | Richmond | South Bend-Mishawaka | Difference |
|---|---|---|---|
| Studio | $669 | $500 | $169 |
| 1 Bedroom | $842 | $609 | $233 |
| 2 Bedrooms | $1,021 | $724 | $297 |
| 3 Bedrooms | $1,317 | $947 | $370 |
| 4 Bedrooms | $1,453 | $1,108 | $345 |
| Median Income | $69,914 | $45,155 | $24,759 |
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
South Bend-Mishawaka
- Studio
- $500/mo
- 1 BR
- $609/mo
- 2 BR
- $724/mo
- 3 BR
- $947/mo
- 4 BR
- $1,108/mo
- Median Income
- $45,155/yr
Frequently Asked Questions
Is Richmond or South Bend-Mishawaka cheaper to rent in?
South Bend-Mishawaka is cheaper — a 2-bedroom Fair Market Rent is $724/mo vs $1,021/mo in Richmond. That's $297/mo or $3,564/year more expensive in Richmond (41% higher).
What is the 2-bedroom rent in Richmond vs South Bend-Mishawaka?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In South Bend-Mishawaka, a 2-bedroom FMR is $724/month.
How do incomes compare between Richmond and South Bend-Mishawaka?
The median household income in Richmond is $69,914/year. In South Bend-Mishawaka it is $45,155/year. Richmond has the higher median income.
What is the studio rent in Richmond vs South Bend-Mishawaka?
A studio apartment Fair Market Rent in Richmond is $669/mo. In South Bend-Mishawaka it is $500/mo.