Albany vs Cleveland-Elyria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 46% cheaper for renters. A 2-bedroom rents for $577/mo vs $844/mo in Cleveland-Elyria — saving $3,204/year.
Rent by Unit Size
| Unit Size | Albany | Cleveland-Elyria | Difference |
|---|---|---|---|
| Studio | $407 | $566 | $159 |
| 1 Bedroom | $488 | $677 | $189 |
| 2 Bedrooms | $577 | $844 | $267 |
| 3 Bedrooms | $748 | $1,081 | $333 |
| 4 Bedrooms | $841 | $1,197 | $356 |
| Median Income | $39,279 | $59,020 | $19,741 |
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
Cleveland-Elyria
- Studio
- $566/mo
- 1 BR
- $677/mo
- 2 BR
- $844/mo
- 3 BR
- $1,081/mo
- 4 BR
- $1,197/mo
- Median Income
- $59,020/yr
Frequently Asked Questions
Is Albany or Cleveland-Elyria cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $844/mo in Cleveland-Elyria. That's $267/mo or $3,204/year more expensive in Cleveland-Elyria (46% higher).
What is the 2-bedroom rent in Albany vs Cleveland-Elyria?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Cleveland-Elyria, a 2-bedroom FMR is $844/month.
How do incomes compare between Albany and Cleveland-Elyria?
The median household income in Albany is $39,279/year. In Cleveland-Elyria it is $59,020/year. Cleveland-Elyria has the higher median income.
What is the studio rent in Albany vs Cleveland-Elyria?
A studio apartment Fair Market Rent in Albany is $407/mo. In Cleveland-Elyria it is $566/mo.