Albany vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 90% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,097/mo in Raleigh-Cary — saving $6,240/year.
Rent by Unit Size
| Unit Size | Albany | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $407 | $760 | $353 |
| 1 Bedroom | $488 | $928 | $440 |
| 2 Bedrooms | $577 | $1,097 | $520 |
| 3 Bedrooms | $748 | $1,435 | $687 |
| 4 Bedrooms | $841 | $1,556 | $715 |
| Median Income | $39,279 | $70,678 | $31,399 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Albany or Raleigh-Cary cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,097/mo in Raleigh-Cary. That's $520/mo or $6,240/year more expensive in Raleigh-Cary (90% higher).
What is the 2-bedroom rent in Albany vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Albany and Raleigh-Cary?
The median household income in Albany is $39,279/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Albany vs Raleigh-Cary?
A studio apartment Fair Market Rent in Albany is $407/mo. In Raleigh-Cary it is $760/mo.