Richmond vs Virginia Beach-Norfolk-Newport News
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Virginia Beach-Norfolk-Newport News is 3% cheaper for renters. A 2-bedroom rents for $994/mo vs $1,021/mo in Richmond — saving $324/year.
Rent by Unit Size
| Unit Size | Richmond | Virginia Beach-Norfolk-Newport News | Difference |
|---|---|---|---|
| Studio | $669 | $659 | $10 |
| 1 Bedroom | $842 | $824 | $18 |
| 2 Bedrooms | $1,021 | $994 | $27 |
| 3 Bedrooms | $1,317 | $1,234 | $83 |
| 4 Bedrooms | $1,453 | $1,448 | $5 |
| Median Income | $69,914 | $57,948 | $11,966 |
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
Virginia Beach-Norfolk-Newport News
- Studio
- $659/mo
- 1 BR
- $824/mo
- 2 BR
- $994/mo
- 3 BR
- $1,234/mo
- 4 BR
- $1,448/mo
- Median Income
- $57,948/yr
Frequently Asked Questions
Is Richmond or Virginia Beach-Norfolk-Newport News cheaper to rent in?
Virginia Beach-Norfolk-Newport News is cheaper — a 2-bedroom Fair Market Rent is $994/mo vs $1,021/mo in Richmond. That's $27/mo or $324/year more expensive in Richmond (3% higher).
What is the 2-bedroom rent in Richmond vs Virginia Beach-Norfolk-Newport News?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Virginia Beach-Norfolk-Newport News, a 2-bedroom FMR is $994/month.
How do incomes compare between Richmond and Virginia Beach-Norfolk-Newport News?
The median household income in Richmond is $69,914/year. In Virginia Beach-Norfolk-Newport News it is $57,948/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Virginia Beach-Norfolk-Newport News?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Virginia Beach-Norfolk-Newport News it is $659/mo.