Albany vs Cape Coral-Fort Myers
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 103% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,171/mo in Cape Coral-Fort Myers — saving $7,128/year.
Rent by Unit Size
| Unit Size | Albany | Cape Coral-Fort Myers | Difference |
|---|---|---|---|
| Studio | $407 | $802 | $395 |
| 1 Bedroom | $488 | $985 | $497 |
| 2 Bedrooms | $577 | $1,171 | $594 |
| 3 Bedrooms | $748 | $1,479 | $731 |
| 4 Bedrooms | $841 | $1,690 | $849 |
| Median Income | $39,279 | $72,521 | $33,242 |
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
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/yr
Frequently Asked Questions
Is Albany or Cape Coral-Fort Myers cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $594/mo or $7,128/year more expensive in Cape Coral-Fort Myers (103% higher).
What is the 2-bedroom rent in Albany vs Cape Coral-Fort Myers?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Cape Coral-Fort Myers, a 2-bedroom FMR is $1,171/month.
How do incomes compare between Albany and Cape Coral-Fort Myers?
The median household income in Albany is $39,279/year. In Cape Coral-Fort Myers it is $72,521/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Albany vs Cape Coral-Fort Myers?
A studio apartment Fair Market Rent in Albany is $407/mo. In Cape Coral-Fort Myers it is $802/mo.