Albany vs Charlotte-Concord-Gastonia
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 88% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,084/mo in Charlotte-Concord-Gastonia — saving $6,084/year.
Rent by Unit Size
| Unit Size | Albany | Charlotte-Concord-Gastonia | Difference |
|---|---|---|---|
| Studio | $407 | $724 | $317 |
| 1 Bedroom | $488 | $881 | $393 |
| 2 Bedrooms | $577 | $1,084 | $507 |
| 3 Bedrooms | $748 | $1,328 | $580 |
| 4 Bedrooms | $841 | $1,555 | $714 |
| Median Income | $39,279 | $63,227 | $23,948 |
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
Charlotte-Concord-Gastonia
- Studio
- $724/mo
- 1 BR
- $881/mo
- 2 BR
- $1,084/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,555/mo
- Median Income
- $63,227/yr
Frequently Asked Questions
Is Albany or Charlotte-Concord-Gastonia cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,084/mo in Charlotte-Concord-Gastonia. That's $507/mo or $6,084/year more expensive in Charlotte-Concord-Gastonia (88% higher).
What is the 2-bedroom rent in Albany vs Charlotte-Concord-Gastonia?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Charlotte-Concord-Gastonia, a 2-bedroom FMR is $1,084/month.
How do incomes compare between Albany and Charlotte-Concord-Gastonia?
The median household income in Albany is $39,279/year. In Charlotte-Concord-Gastonia it is $63,227/year. Charlotte-Concord-Gastonia has the higher median income.
What is the studio rent in Albany vs Charlotte-Concord-Gastonia?
A studio apartment Fair Market Rent in Albany is $407/mo. In Charlotte-Concord-Gastonia it is $724/mo.