Albany vs New York-Newark-Jersey City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 297% cheaper for renters. A 2-bedroom rents for $577/mo vs $2,293/mo in New York-Newark-Jersey City — saving $20,592/year.
Rent by Unit Size
| Unit Size | Albany | New York-Newark-Jersey City | Difference |
|---|---|---|---|
| Studio | $407 | $1,531 | $1,124 |
| 1 Bedroom | $488 | $1,813 | $1,325 |
| 2 Bedrooms | $577 | $2,293 | $1,716 |
| 3 Bedrooms | $748 | $2,674 | $1,926 |
| 4 Bedrooms | $841 | $3,167 | $2,326 |
| Median Income | $39,279 | $124,777 | $85,498 |
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 York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/yr
Frequently Asked Questions
Is Albany or New York-Newark-Jersey City cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,716/mo or $20,592/year more expensive in New York-Newark-Jersey City (297% higher).
What is the 2-bedroom rent in Albany vs New York-Newark-Jersey City?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In New York-Newark-Jersey City, a 2-bedroom FMR is $2,293/month.
How do incomes compare between Albany and New York-Newark-Jersey City?
The median household income in Albany is $39,279/year. In New York-Newark-Jersey City it is $124,777/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in Albany vs New York-Newark-Jersey City?
A studio apartment Fair Market Rent in Albany is $407/mo. In New York-Newark-Jersey City it is $1,531/mo.