Anchorage vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 61% cheaper for renters. A 2-bedroom rents for $720/mo vs $1,162/mo in Anchorage — saving $5,304/year.
Rent by Unit Size
| Unit Size | Anchorage | Springfield | Difference |
|---|---|---|---|
| Studio | $795 | $490 | $305 |
| 1 Bedroom | $960 | $583 | $377 |
| 2 Bedrooms | $1,162 | $720 | $442 |
| 3 Bedrooms | $1,475 | $925 | $550 |
| 4 Bedrooms | $1,674 | $987 | $687 |
| Median Income | $75,443 | $37,539 | $37,904 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Anchorage or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $1,162/mo in Anchorage. That's $442/mo or $5,304/year more expensive in Anchorage (61% higher).
What is the 2-bedroom rent in Anchorage vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Anchorage and Springfield?
The median household income in Anchorage is $75,443/year. In Springfield it is $37,539/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Springfield?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Springfield it is $490/mo.