New York-Newark-Jersey City vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Reno is 90% cheaper for renters. A 2-bedroom rents for $1,208/mo vs $2,293/mo in New York-Newark-Jersey City — saving $13,020/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Reno | Difference |
|---|---|---|---|
| Studio | $1,531 | $773 | $758 |
| 1 Bedroom | $1,813 | $946 | $867 |
| 2 Bedrooms | $2,293 | $1,208 | $1,085 |
| 3 Bedrooms | $2,674 | $1,422 | $1,252 |
| 4 Bedrooms | $3,167 | $1,636 | $1,531 |
| Median Income | $124,777 | $59,858 | $64,919 |
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/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 New York-Newark-Jersey City or Reno cheaper to rent in?
Reno is cheaper — a 2-bedroom Fair Market Rent is $1,208/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,085/mo or $13,020/year more expensive in New York-Newark-Jersey City (90% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Reno?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between New York-Newark-Jersey City and Reno?
The median household income in New York-Newark-Jersey City is $124,777/year. In Reno it is $59,858/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Reno?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Reno it is $773/mo.