Anchorage vs Chattanooga
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Chattanooga is 42% cheaper for renters. A 2-bedroom rents for $820/mo vs $1,162/mo in Anchorage — saving $4,104/year.
Rent by Unit Size
| Unit Size | Anchorage | Chattanooga | Difference |
|---|---|---|---|
| Studio | $795 | $557 | $238 |
| 1 Bedroom | $960 | $669 | $291 |
| 2 Bedrooms | $1,162 | $820 | $342 |
| 3 Bedrooms | $1,475 | $1,035 | $440 |
| 4 Bedrooms | $1,674 | $1,226 | $448 |
| Median Income | $75,443 | $44,498 | $30,945 |
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
Chattanooga
- Studio
- $557/mo
- 1 BR
- $669/mo
- 2 BR
- $820/mo
- 3 BR
- $1,035/mo
- 4 BR
- $1,226/mo
- Median Income
- $44,498/yr
Frequently Asked Questions
Is Anchorage or Chattanooga cheaper to rent in?
Chattanooga is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $1,162/mo in Anchorage. That's $342/mo or $4,104/year more expensive in Anchorage (42% higher).
What is the 2-bedroom rent in Anchorage vs Chattanooga?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Chattanooga, a 2-bedroom FMR is $820/month.
How do incomes compare between Anchorage and Chattanooga?
The median household income in Anchorage is $75,443/year. In Chattanooga it is $44,498/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Chattanooga?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Chattanooga it is $557/mo.