Champaign-Urbana vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Champaign-Urbana is 20% cheaper for renters. A 2-bedroom rents for $764/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,824/year.
Rent by Unit Size
| Unit Size | Champaign-Urbana | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $503 | $568 | $65 |
| 1 Bedroom | $642 | $718 | $76 |
| 2 Bedrooms | $764 | $916 | $152 |
| 3 Bedrooms | $1,017 | $1,096 | $79 |
| 4 Bedrooms | $1,103 | $1,191 | $88 |
| Median Income | $49,808 | $51,092 | $1,284 |
Champaign-Urbana
- Studio
- $503/mo
- 1 BR
- $642/mo
- 2 BR
- $764/mo
- 3 BR
- $1,017/mo
- 4 BR
- $1,103/mo
- Median Income
- $49,808/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 Champaign-Urbana or Indianapolis-Carmel-Anderson cheaper to rent in?
Champaign-Urbana is cheaper — a 2-bedroom Fair Market Rent is $764/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $152/mo or $1,824/year more expensive in Indianapolis-Carmel-Anderson (20% higher).
What is the 2-bedroom rent in Champaign-Urbana vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Champaign-Urbana is $764/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Champaign-Urbana and Indianapolis-Carmel-Anderson?
The median household income in Champaign-Urbana is $49,808/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Champaign-Urbana vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Champaign-Urbana is $503/mo. In Indianapolis-Carmel-Anderson it is $568/mo.