Evansville vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Evansville is 32% cheaper for renters. A 2-bedroom rents for $694/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $2,664/year.
Rent by Unit Size
| Unit Size | Evansville | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $442 | $568 | $126 |
| 1 Bedroom | $564 | $718 | $154 |
| 2 Bedrooms | $694 | $916 | $222 |
| 3 Bedrooms | $844 | $1,096 | $252 |
| 4 Bedrooms | $981 | $1,191 | $210 |
| Median Income | $35,376 | $51,092 | $15,716 |
Evansville
- Studio
- $442/mo
- 1 BR
- $564/mo
- 2 BR
- $694/mo
- 3 BR
- $844/mo
- 4 BR
- $981/mo
- Median Income
- $35,376/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 Evansville or Indianapolis-Carmel-Anderson cheaper to rent in?
Evansville is cheaper — a 2-bedroom Fair Market Rent is $694/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $222/mo or $2,664/year more expensive in Indianapolis-Carmel-Anderson (32% higher).
What is the 2-bedroom rent in Evansville vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Evansville is $694/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Evansville and Indianapolis-Carmel-Anderson?
The median household income in Evansville is $35,376/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Evansville vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Evansville is $442/mo. In Indianapolis-Carmel-Anderson it is $568/mo.