Colorado Springs vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 25% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,142/mo in Colorado Springs — saving $2,712/year.
Rent by Unit Size
| Unit Size | Colorado Springs | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $778 | $568 | $210 |
| 1 Bedroom | $959 | $718 | $241 |
| 2 Bedrooms | $1,142 | $916 | $226 |
| 3 Bedrooms | $1,510 | $1,096 | $414 |
| 4 Bedrooms | $1,677 | $1,191 | $486 |
| Median Income | $70,288 | $51,092 | $19,196 |
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/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 Colorado Springs or Indianapolis-Carmel-Anderson cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,142/mo in Colorado Springs. That's $226/mo or $2,712/year more expensive in Colorado Springs (25% higher).
What is the 2-bedroom rent in Colorado Springs vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Colorado Springs is $1,142/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Colorado Springs and Indianapolis-Carmel-Anderson?
The median household income in Colorado Springs is $70,288/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Colorado Springs has the higher median income.
What is the studio rent in Colorado Springs vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Colorado Springs is $778/mo. In Indianapolis-Carmel-Anderson it is $568/mo.