Anchorage vs Madison
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Madison is 12% cheaper for renters. A 2-bedroom rents for $1,038/mo vs $1,162/mo in Anchorage — saving $1,488/year.
Rent by Unit Size
| Unit Size | Anchorage | Madison | Difference |
|---|---|---|---|
| Studio | $795 | $676 | $119 |
| 1 Bedroom | $960 | $827 | $133 |
| 2 Bedrooms | $1,162 | $1,038 | $124 |
| 3 Bedrooms | $1,475 | $1,222 | $253 |
| 4 Bedrooms | $1,674 | $1,400 | $274 |
| Median Income | $75,443 | $64,691 | $10,752 |
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
Madison
- Studio
- $676/mo
- 1 BR
- $827/mo
- 2 BR
- $1,038/mo
- 3 BR
- $1,222/mo
- 4 BR
- $1,400/mo
- Median Income
- $64,691/yr
Frequently Asked Questions
Is Anchorage or Madison cheaper to rent in?
Madison is cheaper — a 2-bedroom Fair Market Rent is $1,038/mo vs $1,162/mo in Anchorage. That's $124/mo or $1,488/year more expensive in Anchorage (12% higher).
What is the 2-bedroom rent in Anchorage vs Madison?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Madison, a 2-bedroom FMR is $1,038/month.
How do incomes compare between Anchorage and Madison?
The median household income in Anchorage is $75,443/year. In Madison it is $64,691/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Madison?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Madison it is $676/mo.