Albany vs Charlottesville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 86% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,075/mo in Charlottesville — saving $5,976/year.
Rent by Unit Size
| Unit Size | Albany | Charlottesville | Difference |
|---|---|---|---|
| Studio | $407 | $700 | $293 |
| 1 Bedroom | $488 | $878 | $390 |
| 2 Bedrooms | $577 | $1,075 | $498 |
| 3 Bedrooms | $748 | $1,404 | $656 |
| 4 Bedrooms | $841 | $1,498 | $657 |
| Median Income | $39,279 | $70,871 | $31,592 |
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
Charlottesville
- Studio
- $700/mo
- 1 BR
- $878/mo
- 2 BR
- $1,075/mo
- 3 BR
- $1,404/mo
- 4 BR
- $1,498/mo
- Median Income
- $70,871/yr
Frequently Asked Questions
Is Albany or Charlottesville cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,075/mo in Charlottesville. That's $498/mo or $5,976/year more expensive in Charlottesville (86% higher).
What is the 2-bedroom rent in Albany vs Charlottesville?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Charlottesville, a 2-bedroom FMR is $1,075/month.
How do incomes compare between Albany and Charlottesville?
The median household income in Albany is $39,279/year. In Charlottesville it is $70,871/year. Charlottesville has the higher median income.
What is the studio rent in Albany vs Charlottesville?
A studio apartment Fair Market Rent in Albany is $407/mo. In Charlottesville it is $700/mo.