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Fair Market Rent in 71202 — Richwood, LA
The typical 1-bedroom rent in 71202 (Richwood, LA) is $848/month as of 2026, based on 3 data sources. Rents have risen 2.9% year over year, so an increase above 2.9% exceeds the local market trend. Studio: $690. 2-bedroom: $930.
Rents in Richwood have grown approximately +2.9% (HUD estimate) over the past year based on HUD Fair Market Rent. A rent increase above 2.9% is above the local market trend.
Estimated Rent · 1-Bedroom
$848/mo
Source: HUD Estimated Rent
Data through
Based on federal benchmarks and 2 additional market sources.
The HUD Fair Market Rent for a 1-bedroom in 71202 (Richwood, LA) is $720 for FY2026.
Rents in 71202 have increased 2.9% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is moderate based on 3 data sources.
Based on HUD Fair Market Rent, a fair rent increase in Richwood (71202) is approximately 2.9% for 2026. The typical 1-bedroom rent is $848/month. Any increase significantly above 2.9% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
Market trend data is limited for this area. The analysis below uses federal rent benchmarks.
What Should Rent Cost in 71202 (Richwood)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 71202 (Richwood) typically rents for $690 – $819.
Rents above $942 are in the top 25% for this area.
A 1-bedroom in 71202 (Richwood) typically rents for $720 – $848.
Rents above $975 are in the top 25% for this area.
A 2-bedroom in 71202 (Richwood) typically rents for $930 – $1,098.
Rents above $1,263 are in the top 25% for this area.
A 3-bedroom in 71202 (Richwood) typically rents for $1,200 – $1,411.
Rents above $1,623 are in the top 25% for this area.
A 4-bedroom in 71202 (Richwood) typically rents for $1,230 – $1,454.
Rents above $1,672 are in the top 25% for this area.
Current Asking Rents in 71202
What are apartments actually renting for near 71202? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Federal Rent Benchmarks for 71202
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Monroe, LA HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $690 | $819 |
| 1-Bedroom | $720 | $848 |
| 2-Bedroom | $930 | $1,098 |
| 3-Bedroom | $1,200 | $1,411 |
| 4-Bedroom | $1,230 | $1,454 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 71202
What is the average 1-bedroom rent in 71202?
The typical 1-bedroom rent in 71202 (Richwood, LA) is $848/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $690 and 2-bedroom rent at $930.
What is a fair rent increase in 71202?
A rent increase up to about 2.9% is in line with the recent local market trend in 71202. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 71202?
Rents in 71202 have risen 2.9% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 71202?
On this page, studio rent in 71202 is $690/month and 2-bedroom rent is $930/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →