Albany vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 77% cheaper for renters. A 2-bedroom rents for $577/mo vs $1,024/mo in Wilmington — saving $5,364/year.
Rent by Unit Size
| Unit Size | Albany | Wilmington | Difference |
|---|---|---|---|
| Studio | $407 | $656 | $249 |
| 1 Bedroom | $488 | $838 | $350 |
| 2 Bedrooms | $577 | $1,024 | $447 |
| 3 Bedrooms | $748 | $1,314 | $566 |
| 4 Bedrooms | $841 | $1,459 | $618 |
| Median Income | $39,279 | $52,995 | $13,716 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Albany or Wilmington cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $1,024/mo in Wilmington. That's $447/mo or $5,364/year more expensive in Wilmington (77% higher).
What is the 2-bedroom rent in Albany vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Albany and Wilmington?
The median household income in Albany is $39,279/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Albany vs Wilmington?
A studio apartment Fair Market Rent in Albany is $407/mo. In Wilmington it is $656/mo.