Albany vs Colorado Springs
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 98% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,142/mo in Colorado Springs — saving $6,780/year.
Rent by Unit Size
| Unit Size | Albany | Colorado Springs | Difference |
|---|---|---|---|
| Studio | $407 | $778 | $371 |
| 1 Bedroom | $488 | $959 | $471 |
| 2 Bedrooms | $577 | $1,142 | $565 |
| 3 Bedrooms | $748 | $1,510 | $762 |
| 4 Bedrooms | $841 | $1,677 | $836 |
| Median Income | $39,279 | $70,288 | $31,009 |
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
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/yr
Frequently Asked Questions
Is Albany or Colorado Springs cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,142/mo in Colorado Springs. That's $565/mo or $6,780/year more expensive in Colorado Springs (98% higher).
What is the 2-bedroom rent in Albany vs Colorado Springs?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Colorado Springs, a 2-bedroom FMR is $1,142/month.
How do incomes compare between Albany and Colorado Springs?
The median household income in Albany is $39,279/year. In Colorado Springs it is $70,288/year. Colorado Springs has the higher median income.
What is the studio rent in Albany vs Colorado Springs?
A studio apartment Fair Market Rent in Albany is $407/mo. In Colorado Springs it is $778/mo.