Albany vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Albany is 59% cheaper for renters. A 2-bedroom rents for $577/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $4,068/year.
Rent by Unit Size
| Unit Size | Albany | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $407 | $568 | $161 |
| 1 Bedroom | $488 | $718 | $230 |
| 2 Bedrooms | $577 | $916 | $339 |
| 3 Bedrooms | $748 | $1,096 | $348 |
| 4 Bedrooms | $841 | $1,191 | $350 |
| Median Income | $39,279 | $51,092 | $11,813 |
Albany
- Studio
- $407/mo
- 1 BR
- $488/mo
- 2 BR
- $577/mo
- 3 BR
- $748/mo
- 4 BR
- $841/mo
- Median Income
- $39,279/yr
Indianapolis-Carmel-Anderson
- Studio
- $568/mo
- 1 BR
- $718/mo
- 2 BR
- $916/mo
- 3 BR
- $1,096/mo
- 4 BR
- $1,191/mo
- Median Income
- $51,092/yr
Frequently Asked Questions
Is Albany or Indianapolis-Carmel-Anderson cheaper to rent in?
Albany is cheaper — a 2-bedroom Fair Market Rent is $577/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $339/mo or $4,068/year more expensive in Indianapolis-Carmel-Anderson (59% higher).
What is the 2-bedroom rent in Albany vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Albany is $577/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Albany and Indianapolis-Carmel-Anderson?
The median household income in Albany is $39,279/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Albany vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Albany is $407/mo. In Indianapolis-Carmel-Anderson it is $568/mo.