Fargo vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fargo is 0% cheaper for renters. A 2-bedroom rents for $913/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $36/year.
Rent by Unit Size
| Unit Size | Fargo | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $577 | $568 | $9 |
| 1 Bedroom | $717 | $718 | $1 |
| 2 Bedrooms | $913 | $916 | $3 |
| 3 Bedrooms | $1,145 | $1,096 | $49 |
| 4 Bedrooms | $1,249 | $1,191 | $58 |
| Median Income | $45,978 | $51,092 | $5,114 |
Fargo
- Studio
- $577/mo
- 1 BR
- $717/mo
- 2 BR
- $913/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,249/mo
- Median Income
- $45,978/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 Fargo or Indianapolis-Carmel-Anderson cheaper to rent in?
Fargo is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $3/mo or $36/year more expensive in Indianapolis-Carmel-Anderson (0% higher).
What is the 2-bedroom rent in Fargo vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Fargo is $913/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Fargo and Indianapolis-Carmel-Anderson?
The median household income in Fargo is $45,978/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Fargo vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Fargo is $577/mo. In Indianapolis-Carmel-Anderson it is $568/mo.