Anchorage vs Knoxville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Knoxville is 39% cheaper for renters. A 2-bedroom rents for $836/mo vs $1,162/mo in Anchorage — saving $3,912/year.
Rent by Unit Size
| Unit Size | Anchorage | Knoxville | Difference |
|---|---|---|---|
| Studio | $795 | $566 | $229 |
| 1 Bedroom | $960 | $693 | $267 |
| 2 Bedrooms | $1,162 | $836 | $326 |
| 3 Bedrooms | $1,475 | $1,106 | $369 |
| 4 Bedrooms | $1,674 | $1,220 | $454 |
| Median Income | $75,443 | $54,020 | $21,423 |
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
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/yr
Frequently Asked Questions
Is Anchorage or Knoxville cheaper to rent in?
Knoxville is cheaper — a 2-bedroom Fair Market Rent is $836/mo vs $1,162/mo in Anchorage. That's $326/mo or $3,912/year more expensive in Anchorage (39% higher).
What is the 2-bedroom rent in Anchorage vs Knoxville?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Knoxville, a 2-bedroom FMR is $836/month.
How do incomes compare between Anchorage and Knoxville?
The median household income in Anchorage is $75,443/year. In Knoxville it is $54,020/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Knoxville?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Knoxville it is $566/mo.