Great Falls vs Indianapolis-Carmel-Anderson
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 16% cheaper for renters. A 2-bedroom rents for $791/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,500/year.
Rent by Unit Size
| Unit Size | Great Falls | Indianapolis-Carmel-Anderson | Difference |
|---|---|---|---|
| Studio | $519 | $568 | $49 |
| 1 Bedroom | $625 | $718 | $93 |
| 2 Bedrooms | $791 | $916 | $125 |
| 3 Bedrooms | $997 | $1,096 | $99 |
| 4 Bedrooms | $1,047 | $1,191 | $144 |
| Median Income | $41,522 | $51,092 | $9,570 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/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 Great Falls or Indianapolis-Carmel-Anderson cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $125/mo or $1,500/year more expensive in Indianapolis-Carmel-Anderson (16% higher).
What is the 2-bedroom rent in Great Falls vs Indianapolis-Carmel-Anderson?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Indianapolis-Carmel-Anderson, a 2-bedroom FMR is $916/month.
How do incomes compare between Great Falls and Indianapolis-Carmel-Anderson?
The median household income in Great Falls is $41,522/year. In Indianapolis-Carmel-Anderson it is $51,092/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Great Falls vs Indianapolis-Carmel-Anderson?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Indianapolis-Carmel-Anderson it is $568/mo.