Albany vs Minneapolis-St. Paul-Bloomington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 89% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $6,168/year.
Rent by Unit Size
| Unit Size | Albany | Minneapolis-St. Paul-Bloomington | Difference |
|---|---|---|---|
| Studio | $407 | $731 | $324 |
| 1 Bedroom | $488 | $917 | $429 |
| 2 Bedrooms | $577 | $1,091 | $514 |
| 3 Bedrooms | $748 | $1,436 | $688 |
| 4 Bedrooms | $841 | $1,675 | $834 |
| Median Income | $39,279 | $69,491 | $30,212 |
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
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/yr
Frequently Asked Questions
Is Albany or Minneapolis-St. Paul-Bloomington cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $514/mo or $6,168/year more expensive in Minneapolis-St. Paul-Bloomington (89% higher).
What is the 2-bedroom rent in Albany vs Minneapolis-St. Paul-Bloomington?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Minneapolis-St. Paul-Bloomington, a 2-bedroom FMR is $1,091/month.
How do incomes compare between Albany and Minneapolis-St. Paul-Bloomington?
The median household income in Albany is $39,279/year. In Minneapolis-St. Paul-Bloomington it is $69,491/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Albany vs Minneapolis-St. Paul-Bloomington?
A studio apartment Fair Market Rent in Albany is $407/mo. In Minneapolis-St. Paul-Bloomington it is $731/mo.