Albany vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 109% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,208/mo in Reno — saving $7,572/year.
Rent by Unit Size
| Unit Size | Albany | Reno | Difference |
|---|---|---|---|
| Studio | $407 | $773 | $366 |
| 1 Bedroom | $488 | $946 | $458 |
| 2 Bedrooms | $577 | $1,208 | $631 |
| 3 Bedrooms | $748 | $1,422 | $674 |
| 4 Bedrooms | $841 | $1,636 | $795 |
| Median Income | $39,279 | $59,858 | $20,579 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Albany or Reno cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,208/mo in Reno. That's $631/mo or $7,572/year more expensive in Reno (109% higher).
What is the 2-bedroom rent in Albany vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Albany and Reno?
The median household income in Albany is $39,279/year. In Reno it is $59,858/year. Reno has the higher median income.
What is the studio rent in Albany vs Reno?
A studio apartment Fair Market Rent in Albany is $407/mo. In Reno it is $773/mo.