Albany vs Virginia Beach-Norfolk-Newport News
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 72% cheaper for renters. A 2-bedroom rents for $577/mo vs $994/mo in Virginia Beach-Norfolk-Newport News — saving $5,004/year.
Rent by Unit Size
| Unit Size | Albany | Virginia Beach-Norfolk-Newport News | Difference |
|---|---|---|---|
| Studio | $407 | $659 | $252 |
| 1 Bedroom | $488 | $824 | $336 |
| 2 Bedrooms | $577 | $994 | $417 |
| 3 Bedrooms | $748 | $1,234 | $486 |
| 4 Bedrooms | $841 | $1,448 | $607 |
| Median Income | $39,279 | $57,948 | $18,669 |
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
Virginia Beach-Norfolk-Newport News
- Studio
- $659/mo
- 1 BR
- $824/mo
- 2 BR
- $994/mo
- 3 BR
- $1,234/mo
- 4 BR
- $1,448/mo
- Median Income
- $57,948/yr
Frequently Asked Questions
Is Albany or Virginia Beach-Norfolk-Newport News cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $994/mo in Virginia Beach-Norfolk-Newport News. That's $417/mo or $5,004/year more expensive in Virginia Beach-Norfolk-Newport News (72% higher).
What is the 2-bedroom rent in Albany vs Virginia Beach-Norfolk-Newport News?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Virginia Beach-Norfolk-Newport News, a 2-bedroom FMR is $994/month.
How do incomes compare between Albany and Virginia Beach-Norfolk-Newport News?
The median household income in Albany is $39,279/year. In Virginia Beach-Norfolk-Newport News it is $57,948/year. Virginia Beach-Norfolk-Newport News has the higher median income.
What is the studio rent in Albany vs Virginia Beach-Norfolk-Newport News?
A studio apartment Fair Market Rent in Albany is $407/mo. In Virginia Beach-Norfolk-Newport News it is $659/mo.