Cheyenne vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 1% cheaper for renters. A 2-bedroom rents for $906/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $120/year.
Rent by Unit Size
| Unit Size | Cheyenne | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $586 | $568 | $18 |
| 1 Bedroom | $741 | $718 | $23 |
| 2 Bedrooms | $906 | $916 | $10 |
| 3 Bedrooms | $1,120 | $1,096 | $24 |
| 4 Bedrooms | $1,322 | $1,191 | $131 |
| Median Income | $46,984 | $51,092 | $4,108 |
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/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 Cheyenne or Indianapolis-Carmel-Anderson cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $10/mo or $120/year more expensive in Indianapolis-Carmel-Anderson (1% higher).
What is the 2-bedroom rent in Cheyenne vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Cheyenne is $906/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Cheyenne and Indianapolis-Carmel-Anderson?
The median household income in Cheyenne is $46,984/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Cheyenne vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Cheyenne is $586/mo. In Indianapolis-Carmel-Anderson it is $568/mo.