Indianapolis-Carmel-Anderson vs Lafayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 24% cheaper for renters. A 2-bedroom rents for $741/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $2,100/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Lafayette | Difference |
|---|---|---|---|
| Studio | $568 | $502 | $66 |
| 1 Bedroom | $718 | $626 | $92 |
| 2 Bedrooms | $916 | $741 | $175 |
| 3 Bedrooms | $1,096 | $958 | $138 |
| 4 Bedrooms | $1,191 | $1,134 | $57 |
| Median Income | $51,092 | $38,989 | $12,103 |
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
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Lafayette cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $175/mo or $2,100/year more expensive in Indianapolis-Carmel-Anderson (24% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Lafayette?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Lafayette, a 2-bedroom FMR is $741/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Lafayette?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Lafayette it is $38,989/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Lafayette?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Lafayette it is $502/mo.