Richmond vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 33% cheaper for renters. A 2-bedroom rents for $769/mo vs $1,021/mo in Richmond — saving $3,024/year.
Rent by Unit Size
| Unit Size | Richmond | Toledo | Difference |
|---|---|---|---|
| Studio | $669 | $521 | $148 |
| 1 Bedroom | $842 | $622 | $220 |
| 2 Bedrooms | $1,021 | $769 | $252 |
| 3 Bedrooms | $1,317 | $990 | $327 |
| 4 Bedrooms | $1,453 | $1,150 | $303 |
| Median Income | $69,914 | $44,170 | $25,744 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Richmond or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $1,021/mo in Richmond. That's $252/mo or $3,024/year more expensive in Richmond (33% higher).
What is the 2-bedroom rent in Richmond vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Richmond and Toledo?
The median household income in Richmond is $69,914/year. In Toledo it is $44,170/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Toledo?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Toledo it is $521/mo.