Chicago-Naperville-Elgin vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 33% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,222/mo in Chicago-Naperville-Elgin — saving $3,672/year.
Rent by Unit Size
| Unit Size | Chicago-Naperville-Elgin | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $849 | $568 | $281 |
| 1 Bedroom | $1,023 | $718 | $305 |
| 2 Bedrooms | $1,222 | $916 | $306 |
| 3 Bedrooms | $1,528 | $1,096 | $432 |
| 4 Bedrooms | $1,886 | $1,191 | $695 |
| Median Income | $79,852 | $51,092 | $28,760 |
Chicago-Naperville-Elgin
- Studio
- $849/mo
- 1 BR
- $1,023/mo
- 2 BR
- $1,222/mo
- 3 BR
- $1,528/mo
- 4 BR
- $1,886/mo
- Median Income
- $79,852/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 Chicago-Naperville-Elgin or Indianapolis-Carmel-Anderson cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,222/mo in Chicago-Naperville-Elgin. That's $306/mo or $3,672/year more expensive in Chicago-Naperville-Elgin (33% higher).
What is the 2-bedroom rent in Chicago-Naperville-Elgin vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Chicago-Naperville-Elgin is $1,222/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Chicago-Naperville-Elgin and Indianapolis-Carmel-Anderson?
The median household income in Chicago-Naperville-Elgin is $79,852/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Chicago-Naperville-Elgin has the higher median income.
What is the studio rent in Chicago-Naperville-Elgin vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Chicago-Naperville-Elgin is $849/mo. In Indianapolis-Carmel-Anderson it is $568/mo.