Albany vs Palm Bay-Melbourne-Titusville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 83% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $5,760/year.
Rent by Unit Size
| Unit Size | Albany | Palm Bay-Melbourne-Titusville | Difference |
|---|---|---|---|
| Studio | $407 | $712 | $305 |
| 1 Bedroom | $488 | $871 | $383 |
| 2 Bedrooms | $577 | $1,057 | $480 |
| 3 Bedrooms | $748 | $1,335 | $587 |
| 4 Bedrooms | $841 | $1,531 | $690 |
| Median Income | $39,279 | $62,156 | $22,877 |
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
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/yr
Frequently Asked Questions
Is Albany or Palm Bay-Melbourne-Titusville cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $480/mo or $5,760/year more expensive in Palm Bay-Melbourne-Titusville (83% higher).
What is the 2-bedroom rent in Albany vs Palm Bay-Melbourne-Titusville?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Palm Bay-Melbourne-Titusville, a 2-bedroom FMR is $1,057/month.
How do incomes compare between Albany and Palm Bay-Melbourne-Titusville?
The median household income in Albany is $39,279/year. In Palm Bay-Melbourne-Titusville it is $62,156/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Albany vs Palm Bay-Melbourne-Titusville?
A studio apartment Fair Market Rent in Albany is $407/mo. In Palm Bay-Melbourne-Titusville it is $712/mo.