Albany vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 39% cheaper for renters. A 2-bedroom rents for $577/mo vs $803/mo in Roanoke — saving $2,712/year.
Rent by Unit Size
| Unit Size | Albany | Roanoke | Difference |
|---|---|---|---|
| Studio | $407 | $518 | $111 |
| 1 Bedroom | $488 | $643 | $155 |
| 2 Bedrooms | $577 | $803 | $226 |
| 3 Bedrooms | $748 | $980 | $232 |
| 4 Bedrooms | $841 | $1,168 | $327 |
| Median Income | $39,279 | $51,099 | $11,820 |
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
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Albany or Roanoke cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $803/mo in Roanoke. That's $226/mo or $2,712/year more expensive in Roanoke (39% higher).
What is the 2-bedroom rent in Albany vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Albany and Roanoke?
The median household income in Albany is $39,279/year. In Roanoke it is $51,099/year. Roanoke has the higher median income.
What is the studio rent in Albany vs Roanoke?
A studio apartment Fair Market Rent in Albany is $407/mo. In Roanoke it is $518/mo.