Anchorage vs Bismarck
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bismarck is 42% cheaper for renters. A 2-bedroom rents for $817/mo vs $1,162/mo in Anchorage — saving $4,140/year.
Rent by Unit Size
| Unit Size | Anchorage | Bismarck | Difference |
|---|---|---|---|
| Studio | $795 | $555 | $240 |
| 1 Bedroom | $960 | $667 | $293 |
| 2 Bedrooms | $1,162 | $817 | $345 |
| 3 Bedrooms | $1,475 | $1,020 | $455 |
| 4 Bedrooms | $1,674 | $1,141 | $533 |
| Median Income | $75,443 | $52,444 | $22,999 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Bismarck
- Studio
- $555/mo
- 1 BR
- $667/mo
- 2 BR
- $817/mo
- 3 BR
- $1,020/mo
- 4 BR
- $1,141/mo
- Median Income
- $52,444/yr
Frequently Asked Questions
Is Anchorage or Bismarck cheaper to rent in?
Bismarck is cheaper — a 2-bedroom Fair Market Rent is $817/mo vs $1,162/mo in Anchorage. That's $345/mo or $4,140/year more expensive in Anchorage (42% higher).
What is the 2-bedroom rent in Anchorage vs Bismarck?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Bismarck, a 2-bedroom FMR is $817/month.
How do incomes compare between Anchorage and Bismarck?
The median household income in Anchorage is $75,443/year. In Bismarck it is $52,444/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Bismarck?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Bismarck it is $555/mo.