Albany vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 80% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,038/mo in Madison — saving $5,532/year.
Rent by Unit Size
| Unit Size | Albany | Madison | Difference |
|---|---|---|---|
| Studio | $407 | $676 | $269 |
| 1 Bedroom | $488 | $827 | $339 |
| 2 Bedrooms | $577 | $1,038 | $461 |
| 3 Bedrooms | $748 | $1,222 | $474 |
| 4 Bedrooms | $841 | $1,400 | $559 |
| Median Income | $39,279 | $64,691 | $25,412 |
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
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/yr
Frequently Asked Questions
Is Albany or Madison cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,038/mo in Madison. That's $461/mo or $5,532/year more expensive in Madison (80% higher).
What is the 2-bedroom rent in Albany vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Albany and Madison?
The median household income in Albany is $39,279/year. In Madison it is $64,691/year. Madison has the higher median income.
What is the studio rent in Albany vs Madison?
A studio apartment Fair Market Rent in Albany is $407/mo. In Madison it is $676/mo.