Albany vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 97% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,137/mo in Salem — saving $6,720/year.
Rent by Unit Size
| Unit Size | Albany | Salem | Difference |
|---|---|---|---|
| Studio | $407 | $741 | $334 |
| 1 Bedroom | $488 | $913 | $425 |
| 2 Bedrooms | $577 | $1,137 | $560 |
| 3 Bedrooms | $748 | $1,411 | $663 |
| 4 Bedrooms | $841 | $1,615 | $774 |
| Median Income | $39,279 | $53,953 | $14,674 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Albany or Salem cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,137/mo in Salem. That's $560/mo or $6,720/year more expensive in Salem (97% higher).
What is the 2-bedroom rent in Albany vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Albany and Salem?
The median household income in Albany is $39,279/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Albany vs Salem?
A studio apartment Fair Market Rent in Albany is $407/mo. In Salem it is $741/mo.