Albany vs New Haven-Milford
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 106% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,189/mo in New Haven-Milford — saving $7,344/year.
Rent by Unit Size
| Unit Size | Albany | New Haven-Milford | Difference |
|---|---|---|---|
| Studio | $407 | $808 | $401 |
| 1 Bedroom | $488 | $974 | $486 |
| 2 Bedrooms | $577 | $1,189 | $612 |
| 3 Bedrooms | $748 | $1,507 | $759 |
| 4 Bedrooms | $841 | $1,637 | $796 |
| Median Income | $39,279 | $68,368 | $29,089 |
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
New Haven-Milford
- Studio
- $808/mo
- 1 BR
- $974/mo
- 2 BR
- $1,189/mo
- 3 BR
- $1,507/mo
- 4 BR
- $1,637/mo
- Median Income
- $68,368/yr
Frequently Asked Questions
Is Albany or New Haven-Milford cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,189/mo in New Haven-Milford. That's $612/mo or $7,344/year more expensive in New Haven-Milford (106% higher).
What is the 2-bedroom rent in Albany vs New Haven-Milford?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In New Haven-Milford, a 2-bedroom FMR is $1,189/month.
How do incomes compare between Albany and New Haven-Milford?
The median household income in Albany is $39,279/year. In New Haven-Milford it is $68,368/year. New Haven-Milford has the higher median income.
What is the studio rent in Albany vs New Haven-Milford?
A studio apartment Fair Market Rent in Albany is $407/mo. In New Haven-Milford it is $808/mo.