FairRentWize

Richmond vs Tampa-St. Petersburg-Clearwater

Fair Market Rent Comparison — HUD 2025 Data

Quick Answer

Richmond is 19% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater — saving $2,364/year.

Rent by Unit Size

Unit SizeRichmondTampa-St. Petersburg-ClearwaterDifference
Studio$669$817$148
1 Bedroom$842$967$125
2 Bedrooms$1,021$1,218$197
3 Bedrooms$1,317$1,527$210
4 Bedrooms$1,453$1,752$299
Median Income$69,914$69,520$394

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
Full Richmond profile →

Tampa-St. Petersburg-Clearwater

Studio
$817/mo
1 BR
$967/mo
2 BR
$1,218/mo
3 BR
$1,527/mo
4 BR
$1,752/mo
Median Income
$69,520/yr
Full Tampa-St. Petersburg-Clearwater profile →

Frequently Asked Questions

Is Richmond or Tampa-St. Petersburg-Clearwater cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,218/mo in Tampa-St. Petersburg-Clearwater. That's $197/mo or $2,364/year more expensive in Tampa-St. Petersburg-Clearwater (19% higher).
What is the 2-bedroom rent in Richmond vs Tampa-St. Petersburg-Clearwater?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Tampa-St. Petersburg-Clearwater, a 2-bedroom FMR is $1,218/month.
How do incomes compare between Richmond and Tampa-St. Petersburg-Clearwater?
The median household income in Richmond is $69,914/year. In Tampa-St. Petersburg-Clearwater it is $69,520/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Tampa-St. Petersburg-Clearwater?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Tampa-St. Petersburg-Clearwater it is $817/mo.