Anchorage vs Great Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 47% cheaper for renters. A 2-bedroom rents for $791/mo vs $1,162/mo in Anchorage — saving $4,452/year.
Rent by Unit Size
| Unit Size | Anchorage | Great Falls | Difference |
|---|---|---|---|
| Studio | $795 | $519 | $276 |
| 1 Bedroom | $960 | $625 | $335 |
| 2 Bedrooms | $1,162 | $791 | $371 |
| 3 Bedrooms | $1,475 | $997 | $478 |
| 4 Bedrooms | $1,674 | $1,047 | $627 |
| Median Income | $75,443 | $41,522 | $33,921 |
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
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/yr
Frequently Asked Questions
Is Anchorage or Great Falls cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $1,162/mo in Anchorage. That's $371/mo or $4,452/year more expensive in Anchorage (47% higher).
What is the 2-bedroom rent in Anchorage vs Great Falls?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Great Falls, a 2-bedroom FMR is $791/month.
How do incomes compare between Anchorage and Great Falls?
The median household income in Anchorage is $75,443/year. In Great Falls it is $41,522/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Great Falls?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Great Falls it is $519/mo.