Indianapolis-Carmel-Anderson vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lexington-Fayette 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 | Indianapolis-Carmel-Anderson | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $568 | $595 | $27 |
| 1 Bedroom | $718 | $719 | $1 |
| 2 Bedrooms | $916 | $913 | $3 |
| 3 Bedrooms | $1,096 | $1,047 | $49 |
| 4 Bedrooms | $1,191 | $1,300 | $109 |
| Median Income | $51,092 | $47,838 | $3,254 |
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
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Lexington-Fayette cheaper to rent in?
Lexington-Fayette 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 Indianapolis-Carmel-Anderson vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Lexington-Fayette?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Lexington-Fayette it is $47,838/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Lexington-Fayette?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Lexington-Fayette it is $595/mo.