Albuquerque vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albuquerque is 18% cheaper for renters. A 2-bedroom rents for $958/mo vs $1,127/mo in Salt Lake City — saving $2,028/year.
Rent by Unit Size
| Unit Size | Albuquerque | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $647 | $754 | $107 |
| 1 Bedroom | $793 | $912 | $119 |
| 2 Bedrooms | $958 | $1,127 | $169 |
| 3 Bedrooms | $1,161 | $1,352 | $191 |
| 4 Bedrooms | $1,339 | $1,632 | $293 |
| Median Income | $49,585 | $77,224 | $27,639 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Albuquerque or Salt Lake City cheaper to rent in?
Albuquerque is cheaper — a 2-bedroom Fair Market Rent is $958/mo vs $1,127/mo in Salt Lake City. That's $169/mo or $2,028/year more expensive in Salt Lake City (18% higher).
What is the 2-bedroom rent in Albuquerque vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Albuquerque is $958/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Albuquerque and Salt Lake City?
The median household income in Albuquerque is $49,585/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Albuquerque vs Salt Lake City?
A studio apartment Fair Market Rent in Albuquerque is $647/mo. In Salt Lake City it is $754/mo.