Cleveland-Elyria vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cleveland-Elyria is 9% cheaper for renters. A 2-bedroom rents for $844/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $864/year.
Rent by Unit Size
| Unit Size | Cleveland-Elyria | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $566 | $568 | $2 |
| 1 Bedroom | $677 | $718 | $41 |
| 2 Bedrooms | $844 | $916 | $72 |
| 3 Bedrooms | $1,081 | $1,096 | $15 |
| 4 Bedrooms | $1,197 | $1,191 | $6 |
| Median Income | $59,020 | $51,092 | $7,928 |
Cleveland-Elyria
- Studio
- $566/mo
- 1 BR
- $677/mo
- 2 BR
- $844/mo
- 3 BR
- $1,081/mo
- 4 BR
- $1,197/mo
- Median Income
- $59,020/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 Cleveland-Elyria or Indianapolis-Carmel-Anderson cheaper to rent in?
Cleveland-Elyria is cheaper — a 2-bedroom Fair Market Rent is $844/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $72/mo or $864/year more expensive in Indianapolis-Carmel-Anderson (9% higher).
What is the 2-bedroom rent in Cleveland-Elyria vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Cleveland-Elyria is $844/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Cleveland-Elyria and Indianapolis-Carmel-Anderson?
The median household income in Cleveland-Elyria is $59,020/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Cleveland-Elyria has the higher median income.
What is the studio rent in Cleveland-Elyria vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Cleveland-Elyria is $566/mo. In Indianapolis-Carmel-Anderson it is $568/mo.