Anchorage vs Champaign-Urbana
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Champaign-Urbana is 52% cheaper for renters. A 2-bedroom rents for $764/mo vs $1,162/mo in Anchorage — saving $4,776/year.
Rent by Unit Size
| Unit Size | Anchorage | Champaign-Urbana | Difference |
|---|---|---|---|
| Studio | $795 | $503 | $292 |
| 1 Bedroom | $960 | $642 | $318 |
| 2 Bedrooms | $1,162 | $764 | $398 |
| 3 Bedrooms | $1,475 | $1,017 | $458 |
| 4 Bedrooms | $1,674 | $1,103 | $571 |
| Median Income | $75,443 | $49,808 | $25,635 |
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
Champaign-Urbana
- Studio
- $503/mo
- 1 BR
- $642/mo
- 2 BR
- $764/mo
- 3 BR
- $1,017/mo
- 4 BR
- $1,103/mo
- Median Income
- $49,808/yr
Frequently Asked Questions
Is Anchorage or Champaign-Urbana cheaper to rent in?
Champaign-Urbana is cheaper — a 2-bedroom Fair Market Rent is $764/mo vs $1,162/mo in Anchorage. That's $398/mo or $4,776/year more expensive in Anchorage (52% higher).
What is the 2-bedroom rent in Anchorage vs Champaign-Urbana?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Champaign-Urbana, a 2-bedroom FMR is $764/month.
How do incomes compare between Anchorage and Champaign-Urbana?
The median household income in Anchorage is $75,443/year. In Champaign-Urbana it is $49,808/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Champaign-Urbana?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Champaign-Urbana it is $503/mo.