Billings vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 0% cheaper for renters. A 2-bedroom rents for $913/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $36/year.
Rent by Unit Size
| Unit Size | Billings | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $613 | $568 | $45 |
| 1 Bedroom | $724 | $718 | $6 |
| 2 Bedrooms | $913 | $916 | $3 |
| 3 Bedrooms | $1,136 | $1,096 | $40 |
| 4 Bedrooms | $1,214 | $1,191 | $23 |
| Median Income | $47,175 | $51,092 | $3,917 |
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/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 Billings or Indianapolis-Carmel-Anderson cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $3/mo or $36/year more expensive in Indianapolis-Carmel-Anderson (0% higher).
What is the 2-bedroom rent in Billings vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Billings and Indianapolis-Carmel-Anderson?
The median household income in Billings is $47,175/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Billings vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Billings is $613/mo. In Indianapolis-Carmel-Anderson it is $568/mo.