Albuquerque vs Cedar Rapids
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 20% cheaper for renters. A 2-bedroom rents for $800/mo vs $958/mo in Albuquerque — saving $1,896/year.
Rent by Unit Size
| Unit Size | Albuquerque | Cedar Rapids | Difference |
|---|---|---|---|
| Studio | $647 | $530 | $117 |
| 1 Bedroom | $793 | $637 | $156 |
| 2 Bedrooms | $958 | $800 | $158 |
| 3 Bedrooms | $1,161 | $966 | $195 |
| 4 Bedrooms | $1,339 | $1,168 | $171 |
| Median Income | $49,585 | $45,870 | $3,715 |
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
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/yr
Frequently Asked Questions
Is Albuquerque or Cedar Rapids cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $958/mo in Albuquerque. That's $158/mo or $1,896/year more expensive in Albuquerque (20% higher).
What is the 2-bedroom rent in Albuquerque vs Cedar Rapids?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Cedar Rapids, a 2-bedroom FMR is $800/month.
How do incomes compare between Albuquerque and Cedar Rapids?
The median household income in Albuquerque is $49,585/year. In Cedar Rapids it is $45,870/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Cedar Rapids?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Cedar Rapids it is $530/mo.