Albany vs Cedar Rapids
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 39% cheaper for renters. A 2-bedroom rents for $577/mo vs $800/mo in Cedar Rapids — saving $2,676/year.
Rent by Unit Size
| Unit Size | Albany | Cedar Rapids | Difference |
|---|---|---|---|
| Studio | $407 | $530 | $123 |
| 1 Bedroom | $488 | $637 | $149 |
| 2 Bedrooms | $577 | $800 | $223 |
| 3 Bedrooms | $748 | $966 | $218 |
| 4 Bedrooms | $841 | $1,168 | $327 |
| Median Income | $39,279 | $45,870 | $6,591 |
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
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/yr
Frequently Asked Questions
Is Albany or Cedar Rapids cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $800/mo in Cedar Rapids. That's $223/mo or $2,676/year more expensive in Cedar Rapids (39% higher).
What is the 2-bedroom rent in Albany vs Cedar Rapids?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Cedar Rapids, a 2-bedroom FMR is $800/month.
How do incomes compare between Albany and Cedar Rapids?
The median household income in Albany is $39,279/year. In Cedar Rapids it is $45,870/year. Cedar Rapids has the higher median income.
What is the studio rent in Albany vs Cedar Rapids?
A studio apartment Fair Market Rent in Albany is $407/mo. In Cedar Rapids it is $530/mo.