Albany vs Knoxville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 45% cheaper for renters. A 2-bedroom rents for $577/mo vs $836/mo in Knoxville — saving $3,108/year.
Rent by Unit Size
| Unit Size | Albany | Knoxville | Difference |
|---|---|---|---|
| Studio | $407 | $566 | $159 |
| 1 Bedroom | $488 | $693 | $205 |
| 2 Bedrooms | $577 | $836 | $259 |
| 3 Bedrooms | $748 | $1,106 | $358 |
| 4 Bedrooms | $841 | $1,220 | $379 |
| Median Income | $39,279 | $54,020 | $14,741 |
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
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/yr
Frequently Asked Questions
Is Albany or Knoxville cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $836/mo in Knoxville. That's $259/mo or $3,108/year more expensive in Knoxville (45% higher).
What is the 2-bedroom rent in Albany vs Knoxville?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Knoxville, a 2-bedroom FMR is $836/month.
How do incomes compare between Albany and Knoxville?
The median household income in Albany is $39,279/year. In Knoxville it is $54,020/year. Knoxville has the higher median income.
What is the studio rent in Albany vs Knoxville?
A studio apartment Fair Market Rent in Albany is $407/mo. In Knoxville it is $566/mo.