Indianapolis-Carmel-Anderson vs Knoxville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Knoxville is 10% cheaper for renters. A 2-bedroom rents for $836/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $960/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Knoxville | Difference |
|---|---|---|---|
| Studio | $568 | $566 | $2 |
| 1 Bedroom | $718 | $693 | $25 |
| 2 Bedrooms | $916 | $836 | $80 |
| 3 Bedrooms | $1,096 | $1,106 | $10 |
| 4 Bedrooms | $1,191 | $1,220 | $29 |
| Median Income | $51,092 | $54,020 | $2,928 |
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
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Knoxville cheaper to rent in?
Knoxville is cheaper — a 2-bedroom Fair Market Rent is $836/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $80/mo or $960/year more expensive in Indianapolis-Carmel-Anderson (10% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Knoxville?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Knoxville, a 2-bedroom FMR is $836/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Knoxville?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Knoxville it is $54,020/year. Knoxville has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Knoxville?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Knoxville it is $566/mo.