Albany vs Anchorage
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 101% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,162/mo in Anchorage — saving $7,020/year.
Rent by Unit Size
| Unit Size | Albany | Anchorage | Difference |
|---|---|---|---|
| Studio | $407 | $795 | $388 |
| 1 Bedroom | $488 | $960 | $472 |
| 2 Bedrooms | $577 | $1,162 | $585 |
| 3 Bedrooms | $748 | $1,475 | $727 |
| 4 Bedrooms | $841 | $1,674 | $833 |
| Median Income | $39,279 | $75,443 | $36,164 |
Albany
- Studio
- $407/mo
- 1 BR
- $488/mo
- 2 BR
- $577/mo
- 3 BR
- $748/mo
- 4 BR
- $841/mo
- Median Income
- $39,279/yr
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Frequently Asked Questions
Is Albany or Anchorage cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,162/mo in Anchorage. That's $585/mo or $7,020/year more expensive in Anchorage (101% higher).
What is the 2-bedroom rent in Albany vs Anchorage?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Anchorage, a 2-bedroom FMR is $1,162/month.
How do incomes compare between Albany and Anchorage?
The median household income in Albany is $39,279/year. In Anchorage it is $75,443/year. Anchorage has the higher median income.
What is the studio rent in Albany vs Anchorage?
A studio apartment Fair Market Rent in Albany is $407/mo. In Anchorage it is $795/mo.