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RentData.org Logo Albany Fair Market Rent FY 2023 Albany, GA MSA Rental Data

Fair Market Rent Prices in Albany, GA :
$735 $748 $880 $1,153 $1,402
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Albany are average compared to the national average. This FMR area is more expensive than 69% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albany is $880 per month.

The previous year, rent for a two-bedroom home was $810 per month. This is a 8.64% increase year-over-year.

This FMR rate applies to Putney, GA, Sylvester, GA, Leesburg, GA, Albany, GA and other cities within the region. The Metro Code or CBSA code for this region is METRO10500M10500.

Additionally, This Fair Market Rent (FMR) area Albany, GA MSA spans one county or city in Georgia which is listed in the table below. Estimated population of Albany, GA MSA FMR area is 88,696 people based on latest Census data.

Compared to the rest of Georgia, the Albany FMR area is more expensive than 81% of the state.

Georgia Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Albany. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Albany

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 787
1-BR 1-Bedroom $ 800
2-BR 2-Bedroom $ 942
3-BR 3-Bedroom $ 1234
4-BR 4-Bedroom $ 1501
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Albany, GA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Albany, Ga.

County / Region Est. Population
Albany, GA Metro 88,696
Zip Codes in Albany, GA MSA

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

31701, 31702, 31703, 31704, 31705, 31706, 31707, 31708, 31763, 31782 and 31791

Lookup Fair Market Rent by Zip Code

What's Next?

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