Cape Coral-Fort Myers 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 $1,171/mo in Cape Coral-Fort Myers — saving $3,060/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $802 | $568 | $234 |
| 1 Bedroom | $985 | $718 | $267 |
| 2 Bedrooms | $1,171 | $916 | $255 |
| 3 Bedrooms | $1,479 | $1,096 | $383 |
| 4 Bedrooms | $1,690 | $1,191 | $499 |
| Median Income | $72,521 | $51,092 | $21,429 |
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/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 Cape Coral-Fort Myers or Indianapolis-Carmel-Anderson cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $255/mo or $3,060/year more expensive in Cape Coral-Fort Myers (28% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Cape Coral-Fort Myers and Indianapolis-Carmel-Anderson?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Indianapolis-Carmel-Anderson it is $568/mo.