Logo Albany Fair Market Rent FY 2019 Albany, GA MSA Rental Data

Fair Market Rent Prices in Albany, GA :
$554 $567 $682 $898 $973
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Albany are low compared to the national average. This FMR area is less expensive than 67% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albany is $682 per month.

The previous year, rent for a two-bedroom home was $716 per month. This is a 4.75% decrease year-over-year.

This FMR rate applies to De Soto, GA, Parrott, GA, Sasser, GA, Oakfield, GA, Putney, GA, Bronwood, GA, Damascus, GA, Leary, GA, Leslie, GA, Smithville, 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 five counties or cities in Georgia which ares listed in the table below. Estimated population of Albany, GA MSA FMR area is 157,308 people based on 2010 Census data.

Compared to the rest of Georgia, the Albany FMR area is less expensive than 59% of the state.

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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 $ 591
1-BR 1-Bedroom $ 604
2-BR 2-Bedroom $ 727
3-BR 3-Bedroom $ 958
4-BR 4-Bedroom $ 1037
Change Year:

The counties, cities, towns, and regions listed below fall into the Albany, GA MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers four metro areas: Albany, Ga, Columbus, Ga, Tallahassee - Thomasville and Dothan.

County / Region Est. Population
Baker County, GA Metro 3,451
Dougherty County, GA Metro 94,565
Lee County, GA Metro 28,298
Terrell County, GA Metro 9,315
Worth County, GA Metro 21,679
Zip Codes in Albany, GA MSA

There are 25 unique zip codes in this Fair Market Rent (FMR) area:

31701, 31702, 31703, 31704, 31705, 31706, 31707, 31708, 31721, 31743, 31763, 31764, 31772, 31781, 31782, 31787, 31791, 39813, 39826, 39837, 39841, 39862, 39870, 39877 and 39885

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