Albany vs Fargo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 58% cheaper for renters. A 2-bedroom rents for $577/mo vs $913/mo in Fargo — saving $4,032/year.
Rent by Unit Size
| Unit Size | Albany | Fargo | Difference |
|---|---|---|---|
| Studio | $407 | $577 | $170 |
| 1 Bedroom | $488 | $717 | $229 |
| 2 Bedrooms | $577 | $913 | $336 |
| 3 Bedrooms | $748 | $1,145 | $397 |
| 4 Bedrooms | $841 | $1,249 | $408 |
| Median Income | $39,279 | $45,978 | $6,699 |
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
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/yr
Frequently Asked Questions
Is Albany or Fargo cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $913/mo in Fargo. That's $336/mo or $4,032/year more expensive in Fargo (58% higher).
What is the 2-bedroom rent in Albany vs Fargo?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Fargo, a 2-bedroom FMR is $913/month.
How do incomes compare between Albany and Fargo?
The median household income in Albany is $39,279/year. In Fargo it is $45,978/year. Fargo has the higher median income.
What is the studio rent in Albany vs Fargo?
A studio apartment Fair Market Rent in Albany is $407/mo. In Fargo it is $577/mo.