Bismarck vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Bismarck is 12% cheaper for renters. A 2-bedroom rents for $817/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,188/year.
Rent by Unit Size
| Unit Size | Bismarck | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $555 | $568 | $13 |
| 1 Bedroom | $667 | $718 | $51 |
| 2 Bedrooms | $817 | $916 | $99 |
| 3 Bedrooms | $1,020 | $1,096 | $76 |
| 4 Bedrooms | $1,141 | $1,191 | $50 |
| Median Income | $52,444 | $51,092 | $1,352 |
Bismarck
- Studio
- $555/mo
- 1 BR
- $667/mo
- 2 BR
- $817/mo
- 3 BR
- $1,020/mo
- 4 BR
- $1,141/mo
- Median Income
- $52,444/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 Bismarck or Indianapolis-Carmel-Anderson cheaper to rent in?
Bismarck is cheaper — a 2-bedroom Fair Market Rent is $817/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $99/mo or $1,188/year more expensive in Indianapolis-Carmel-Anderson (12% higher).
What is the 2-bedroom rent in Bismarck vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Bismarck is $817/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Bismarck and Indianapolis-Carmel-Anderson?
The median household income in Bismarck is $52,444/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Bismarck has the higher median income.
What is the studio rent in Bismarck vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Bismarck is $555/mo. In Indianapolis-Carmel-Anderson it is $568/mo.