Anchorage vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Anchorage is 4% cheaper for renters. A 2-bedroom rents for $1,162/mo vs $1,208/mo in Reno — saving $552/year.
Rent by Unit Size
| Unit Size | Anchorage | Reno | Difference |
|---|---|---|---|
| Studio | $795 | $773 | $22 |
| 1 Bedroom | $960 | $946 | $14 |
| 2 Bedrooms | $1,162 | $1,208 | $46 |
| 3 Bedrooms | $1,475 | $1,422 | $53 |
| 4 Bedrooms | $1,674 | $1,636 | $38 |
| Median Income | $75,443 | $59,858 | $15,585 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Anchorage or Reno cheaper to rent in?
Anchorage is cheaper — a 2-bedroom Fair Market Rent is $1,162/mo vs $1,208/mo in Reno. That's $46/mo or $552/year more expensive in Reno (4% higher).
What is the 2-bedroom rent in Anchorage vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Anchorage and Reno?
The median household income in Anchorage is $75,443/year. In Reno it is $59,858/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Reno?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Reno it is $773/mo.