Rent in Albany, OR at a glance
2-bedroom rent (HUD)
$1,695$20,340 a year · HUD fiscal year 2026From October 1, 2026: $1,726 (+1.8%)How much rent can you afford in Albany, OR?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Albany, OR by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,169 | $14,028 | $46,760 | $22.48/hr |
| 1 bedroom | $1,396 | $16,752 | $55,840 | $26.85/hr |
| 2 bedroomsMost searched | $1,695 | $20,340 | $67,800 | $32.60/hr |
| 3 bedrooms | $2,294 | $27,528 | $91,760 | $44.12/hr |
| 4 bedrooms | $2,662 | $31,944 | $106,480 | $51.19/hr |
Living and working in Albany, OR
Rent in Albany, OR: common questions
How much is rent going up in Albany, OR in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,726 for a two-bedroom, up 1.8% from $1,695. A one-bedroom goes from $1,396 to $1,413, a studio from $1,169 to $1,202.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Albany, OR?
HUD's Fair Market Rent for 2026 is $1,396 for a one-bedroom and $1,695 for a two-bedroom, utilities included. That is $20,340 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Albany, OR?
To keep a $1,695 two-bedroom at 30% of gross pay, one full-time worker needs $32.60 an hour, or $67,800 a year. A one-bedroom at $1,396 takes $26.85 an hour.
How much is a 1, 2 or 3-bedroom apartment in Albany, OR?
At HUD's 2026 Fair Market Rent: studio $1,169, one bedroom $1,396, two $1,695, three $2,294 and four $2,662 a month.
Is rent affordable in Albany, OR?
For the typical household, earning $78,114 a year ($6,510 a month, Census ACS), a two-bedroom at $1,695 takes 26% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,695 × 12) ÷ 0.30 = $67,800. Divided by 2,080 working hours, that is $32.60 an hour.