Cedar Rapids vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 14% cheaper for renters. A 2-bedroom rents for $800/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,392/year.
Rent by Unit Size
| Unit Size | Cedar Rapids | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $530 | $568 | $38 |
| 1 Bedroom | $637 | $718 | $81 |
| 2 Bedrooms | $800 | $916 | $116 |
| 3 Bedrooms | $966 | $1,096 | $130 |
| 4 Bedrooms | $1,168 | $1,191 | $23 |
| Median Income | $45,870 | $51,092 | $5,222 |
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/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 Cedar Rapids or Indianapolis-Carmel-Anderson cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $116/mo or $1,392/year more expensive in Indianapolis-Carmel-Anderson (14% higher).
What is the 2-bedroom rent in Cedar Rapids vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Cedar Rapids is $800/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Cedar Rapids and Indianapolis-Carmel-Anderson?
The median household income in Cedar Rapids is $45,870/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Cedar Rapids vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Cedar Rapids is $530/mo. In Indianapolis-Carmel-Anderson it is $568/mo.