Anchorage vs Minneapolis-St. Paul-Bloomington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Minneapolis-St. Paul-Bloomington is 7% cheaper for renters. A 2-bedroom rents for $1,091/mo vs $1,162/mo in Anchorage — saving $852/year.
Rent by Unit Size
| Unit Size | Anchorage | Minneapolis-St. Paul-Bloomington | Difference |
|---|---|---|---|
| Studio | $795 | $731 | $64 |
| 1 Bedroom | $960 | $917 | $43 |
| 2 Bedrooms | $1,162 | $1,091 | $71 |
| 3 Bedrooms | $1,475 | $1,436 | $39 |
| 4 Bedrooms | $1,674 | $1,675 | $1 |
| Median Income | $75,443 | $69,491 | $5,952 |
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
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/yr
Frequently Asked Questions
Is Anchorage or Minneapolis-St. Paul-Bloomington cheaper to rent in?
Minneapolis-St. Paul-Bloomington is cheaper — a 2-bedroom Fair Market Rent is $1,091/mo vs $1,162/mo in Anchorage. That's $71/mo or $852/year more expensive in Anchorage (7% higher).
What is the 2-bedroom rent in Anchorage vs Minneapolis-St. Paul-Bloomington?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Minneapolis-St. Paul-Bloomington, a 2-bedroom FMR is $1,091/month.
How do incomes compare between Anchorage and Minneapolis-St. Paul-Bloomington?
The median household income in Anchorage is $75,443/year. In Minneapolis-St. Paul-Bloomington it is $69,491/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Minneapolis-St. Paul-Bloomington?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Minneapolis-St. Paul-Bloomington it is $731/mo.