Richmond vs Spokane-Spokane Valley
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Spokane-Spokane Valley is 1% cheaper for renters. A 2-bedroom rents for $1,014/mo vs $1,021/mo in Richmond — saving $84/year.
Rent by Unit Size
| Unit Size | Richmond | Spokane-Spokane Valley | Difference |
|---|---|---|---|
| Studio | $669 | $695 | $26 |
| 1 Bedroom | $842 | $839 | $3 |
| 2 Bedrooms | $1,021 | $1,014 | $7 |
| 3 Bedrooms | $1,317 | $1,335 | $18 |
| 4 Bedrooms | $1,453 | $1,520 | $67 |
| Median Income | $69,914 | $60,901 | $9,013 |
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
Spokane-Spokane Valley
- Studio
- $695/mo
- 1 BR
- $839/mo
- 2 BR
- $1,014/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,520/mo
- Median Income
- $60,901/yr
Frequently Asked Questions
Is Richmond or Spokane-Spokane Valley cheaper to rent in?
Spokane-Spokane Valley is cheaper — a 2-bedroom Fair Market Rent is $1,014/mo vs $1,021/mo in Richmond. That's $7/mo or $84/year more expensive in Richmond (1% higher).
What is the 2-bedroom rent in Richmond vs Spokane-Spokane Valley?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Spokane-Spokane Valley, a 2-bedroom FMR is $1,014/month.
How do incomes compare between Richmond and Spokane-Spokane Valley?
The median household income in Richmond is $69,914/year. In Spokane-Spokane Valley it is $60,901/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Spokane-Spokane Valley?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Spokane-Spokane Valley it is $695/mo.