Albany vs Cheyenne
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 57% cheaper for renters. A 2-bedroom rents for $577/mo vs $906/mo in Cheyenne — saving $3,948/year.
Rent by Unit Size
| Unit Size | Albany | Cheyenne | Difference |
|---|---|---|---|
| Studio | $407 | $586 | $179 |
| 1 Bedroom | $488 | $741 | $253 |
| 2 Bedrooms | $577 | $906 | $329 |
| 3 Bedrooms | $748 | $1,120 | $372 |
| 4 Bedrooms | $841 | $1,322 | $481 |
| Median Income | $39,279 | $46,984 | $7,705 |
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
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/yr
Frequently Asked Questions
Is Albany or Cheyenne cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $906/mo in Cheyenne. That's $329/mo or $3,948/year more expensive in Cheyenne (57% higher).
What is the 2-bedroom rent in Albany vs Cheyenne?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Cheyenne, a 2-bedroom FMR is $906/month.
How do incomes compare between Albany and Cheyenne?
The median household income in Albany is $39,279/year. In Cheyenne it is $46,984/year. Cheyenne has the higher median income.
What is the studio rent in Albany vs Cheyenne?
A studio apartment Fair Market Rent in Albany is $407/mo. In Cheyenne it is $586/mo.