Richmond vs Tyler
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Tyler is 35% cheaper for renters. A 2-bedroom rents for $757/mo vs $1,021/mo in Richmond — saving $3,168/year.
Rent by Unit Size
| Unit Size | Richmond | Tyler | Difference |
|---|---|---|---|
| Studio | $669 | $504 | $165 |
| 1 Bedroom | $842 | $624 | $218 |
| 2 Bedrooms | $1,021 | $757 | $264 |
| 3 Bedrooms | $1,317 | $960 | $357 |
| 4 Bedrooms | $1,453 | $1,128 | $325 |
| Median Income | $69,914 | $46,988 | $22,926 |
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
Tyler
- Studio
- $504/mo
- 1 BR
- $624/mo
- 2 BR
- $757/mo
- 3 BR
- $960/mo
- 4 BR
- $1,128/mo
- Median Income
- $46,988/yr
Frequently Asked Questions
Is Richmond or Tyler cheaper to rent in?
Tyler is cheaper — a 2-bedroom Fair Market Rent is $757/mo vs $1,021/mo in Richmond. That's $264/mo or $3,168/year more expensive in Richmond (35% higher).
What is the 2-bedroom rent in Richmond vs Tyler?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Tyler, a 2-bedroom FMR is $757/month.
How do incomes compare between Richmond and Tyler?
The median household income in Richmond is $69,914/year. In Tyler it is $46,988/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Tyler?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Tyler it is $504/mo.