Albany vs Syracuse
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 42% cheaper for renters. A 2-bedroom rents for $577/mo vs $820/mo in Syracuse — saving $2,916/year.
Rent by Unit Size
| Unit Size | Albany | Syracuse | Difference |
|---|---|---|---|
| Studio | $407 | $546 | $139 |
| 1 Bedroom | $488 | $686 | $198 |
| 2 Bedrooms | $577 | $820 | $243 |
| 3 Bedrooms | $748 | $1,051 | $303 |
| 4 Bedrooms | $841 | $1,207 | $366 |
| Median Income | $39,279 | $42,142 | $2,863 |
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
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/yr
Frequently Asked Questions
Is Albany or Syracuse cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $820/mo in Syracuse. That's $243/mo or $2,916/year more expensive in Syracuse (42% higher).
What is the 2-bedroom rent in Albany vs Syracuse?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Syracuse, a 2-bedroom FMR is $820/month.
How do incomes compare between Albany and Syracuse?
The median household income in Albany is $39,279/year. In Syracuse it is $42,142/year. Syracuse has the higher median income.
What is the studio rent in Albany vs Syracuse?
A studio apartment Fair Market Rent in Albany is $407/mo. In Syracuse it is $546/mo.