Logo Albany Fair Market Rent FY 2017 Albany, OR MSA Rental Data

Fair Market Rent Prices in Albany, OR :
$557 $661 $878 $1,278 $1,491
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 high compared to the national average. This FMR area is more expensive than 88% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albany is $878 per month.

The previous year, rent for a two-bedroom home was $830 per month. This is a 5.78% increase year-over-year.

This FMR rate applies to Idanha, OR, Cascadia, OR, Crabtree, OR, Crawfordsville, OR, Gates, OR, Foster, OR, Shedd, OR, Halsey, OR, Tangent, OR, Mill City, OR and other cities within the region. The Metro Code or CBSA code for this region is METRO10540M10540.

Additionally, This Fair Market Rent (FMR) area Albany, OR MSA spans one county or city in Oregon which is listed in the table below. Estimated population of Albany, OR MSA FMR area is 116,672 people based on 2010 Census data.

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

Oregon 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 $ 584
1-BR 1-Bedroom $ 693
2-BR 2-Bedroom $ 921
3-BR 3-Bedroom $ 1341
4-BR 4-Bedroom $ 1564
Change Year:

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

County / Region Est. Population
Linn County, OR Metro 116,672
Zip Codes in Albany, OR MSA

There are 18 unique zip codes in this Fair Market Rent (FMR) area:

97322, 97327, 97329, 97335, 97336, 97345, 97346, 97348, 97350, 97352, 97355, 97358, 97360, 97374, 97377, 97383, 97386 and 97389

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