Albuquerque vs Evansville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 38% cheaper for renters. A 2-bedroom rents for $694/mo vs $958/mo in Albuquerque — saving $3,168/year.
Rent by Unit Size
| Unit Size | Albuquerque | Evansville | Difference |
|---|---|---|---|
| Studio | $647 | $442 | $205 |
| 1 Bedroom | $793 | $564 | $229 |
| 2 Bedrooms | $958 | $694 | $264 |
| 3 Bedrooms | $1,161 | $844 | $317 |
| 4 Bedrooms | $1,339 | $981 | $358 |
| Median Income | $49,585 | $35,376 | $14,209 |
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
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/yr
Frequently Asked Questions
Is Albuquerque or Evansville cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $958/mo in Albuquerque. That's $264/mo or $3,168/year more expensive in Albuquerque (38% higher).
What is the 2-bedroom rent in Albuquerque vs Evansville?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Evansville, a 2-bedroom FMR is $694/month.
How do incomes compare between Albuquerque and Evansville?
The median household income in Albuquerque is $49,585/year. In Evansville it is $35,376/year. Albuquerque has the higher median income.
What is the studio rent in Albuquerque vs Evansville?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Evansville it is $442/mo.