Anchorage vs Cedar Rapids
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 45% cheaper for renters. A 2-bedroom rents for $800/mo vs $1,162/mo in Anchorage — saving $4,344/year.
Rent by Unit Size
| Unit Size | Anchorage | Cedar Rapids | Difference |
|---|---|---|---|
| Studio | $795 | $530 | $265 |
| 1 Bedroom | $960 | $637 | $323 |
| 2 Bedrooms | $1,162 | $800 | $362 |
| 3 Bedrooms | $1,475 | $966 | $509 |
| 4 Bedrooms | $1,674 | $1,168 | $506 |
| Median Income | $75,443 | $45,870 | $29,573 |
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
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 Anchorage or Cedar Rapids cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $1,162/mo in Anchorage. That's $362/mo or $4,344/year more expensive in Anchorage (45% higher).
What is the 2-bedroom rent in Anchorage vs Cedar Rapids?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Cedar Rapids, a 2-bedroom FMR is $800/month.
How do incomes compare between Anchorage and Cedar Rapids?
The median household income in Anchorage is $75,443/year. In Cedar Rapids it is $45,870/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Cedar Rapids?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Cedar Rapids it is $530/mo.