Ann Arbor vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 28% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,170/mo in Ann Arbor — saving $3,048/year.
Rent by Unit Size
| Unit Size | Ann Arbor | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $781 | $568 | $213 |
| 1 Bedroom | $945 | $718 | $227 |
| 2 Bedrooms | $1,170 | $916 | $254 |
| 3 Bedrooms | $1,486 | $1,096 | $390 |
| 4 Bedrooms | $1,736 | $1,191 | $545 |
| Median Income | $58,245 | $51,092 | $7,153 |
Ann Arbor
- Studio
- $781/mo
- 1 BR
- $945/mo
- 2 BR
- $1,170/mo
- 3 BR
- $1,486/mo
- 4 BR
- $1,736/mo
- Median Income
- $58,245/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 Ann Arbor or Indianapolis-Carmel-Anderson cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,170/mo in Ann Arbor. That's $254/mo or $3,048/year more expensive in Ann Arbor (28% higher).
What is the 2-bedroom rent in Ann Arbor vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Ann Arbor is $1,170/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Ann Arbor and Indianapolis-Carmel-Anderson?
The median household income in Ann Arbor is $58,245/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Ann Arbor has the higher median income.
What is the studio rent in Ann Arbor vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Ann Arbor is $781/mo. In Indianapolis-Carmel-Anderson it is $568/mo.