Grand Rapids-Kentwood vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 3% cheaper for renters. A 2-bedroom rents for $916/mo vs $945/mo in Grand Rapids-Kentwood — saving $348/year.
Rent by Unit Size
| Unit Size | Grand Rapids-Kentwood | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $583 | $568 | $15 |
| 1 Bedroom | $741 | $718 | $23 |
| 2 Bedrooms | $945 | $916 | $29 |
| 3 Bedrooms | $1,145 | $1,096 | $49 |
| 4 Bedrooms | $1,345 | $1,191 | $154 |
| Median Income | $58,686 | $51,092 | $7,594 |
Grand Rapids-Kentwood
- Studio
- $583/mo
- 1 BR
- $741/mo
- 2 BR
- $945/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,345/mo
- Median Income
- $58,686/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 Grand Rapids-Kentwood or Indianapolis-Carmel-Anderson cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $945/mo in Grand Rapids-Kentwood. That's $29/mo or $348/year more expensive in Grand Rapids-Kentwood (3% higher).
What is the 2-bedroom rent in Grand Rapids-Kentwood vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Grand Rapids-Kentwood is $945/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Grand Rapids-Kentwood and Indianapolis-Carmel-Anderson?
The median household income in Grand Rapids-Kentwood is $58,686/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Grand Rapids-Kentwood has the higher median income.
What is the studio rent in Grand Rapids-Kentwood vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Grand Rapids-Kentwood is $583/mo. In Indianapolis-Carmel-Anderson it is $568/mo.