Albuquerque vs Billings
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 5% cheaper for renters. A 2-bedroom rents for $913/mo vs $958/mo in Albuquerque — saving $540/year.
Rent by Unit Size
| Unit Size | Albuquerque | Billings | Difference |
|---|---|---|---|
| Studio | $647 | $613 | $34 |
| 1 Bedroom | $793 | $724 | $69 |
| 2 Bedrooms | $958 | $913 | $45 |
| 3 Bedrooms | $1,161 | $1,136 | $25 |
| 4 Bedrooms | $1,339 | $1,214 | $125 |
| Median Income | $49,585 | $47,175 | $2,410 |
Albuquerque
- Studio
- $647/mo
- 1 BR
- $793/mo
- 2 BR
- $958/mo
- 3 BR
- $1,161/mo
- 4 BR
- $1,339/mo
- Median Income
- $49,585/yr
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/yr
Frequently Asked Questions
Is Albuquerque or Billings cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $958/mo in Albuquerque. That's $45/mo or $540/year more expensive in Albuquerque (5% higher).
What is the 2-bedroom rent in Albuquerque vs Billings?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Billings, a 2-bedroom FMR is $913/month.
How do incomes compare between Albuquerque and Billings?
The median household income in Albuquerque is $49,585/year. In Billings it is $47,175/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Billings?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Billings it is $613/mo.