Anchorage vs Missoula
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Missoula is 7% cheaper for renters. A 2-bedroom rents for $1,081/mo vs $1,162/mo in Anchorage — saving $972/year.
Rent by Unit Size
| Unit Size | Anchorage | Missoula | Difference |
|---|---|---|---|
| Studio | $795 | $762 | $33 |
| 1 Bedroom | $960 | $909 | $51 |
| 2 Bedrooms | $1,162 | $1,081 | $81 |
| 3 Bedrooms | $1,475 | $1,423 | $52 |
| 4 Bedrooms | $1,674 | $1,651 | $23 |
| Median Income | $75,443 | $73,596 | $1,847 |
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
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/yr
Frequently Asked Questions
Is Anchorage or Missoula cheaper to rent in?
Missoula is cheaper — a 2-bedroom Fair Market Rent is $1,081/mo vs $1,162/mo in Anchorage. That's $81/mo or $972/year more expensive in Anchorage (7% higher).
What is the 2-bedroom rent in Anchorage vs Missoula?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Missoula, a 2-bedroom FMR is $1,081/month.
How do incomes compare between Anchorage and Missoula?
The median household income in Anchorage is $75,443/year. In Missoula it is $73,596/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Missoula?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Missoula it is $762/mo.