Indianapolis-Carmel-Anderson vs Lincoln
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lincoln is 10% cheaper for renters. A 2-bedroom rents for $835/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $972/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Lincoln | Difference |
|---|---|---|---|
| Studio | $568 | $561 | $7 |
| 1 Bedroom | $718 | $685 | $33 |
| 2 Bedrooms | $916 | $835 | $81 |
| 3 Bedrooms | $1,096 | $1,007 | $89 |
| 4 Bedrooms | $1,191 | $1,216 | $25 |
| Median Income | $51,092 | $40,210 | $10,882 |
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
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Lincoln cheaper to rent in?
Lincoln is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $81/mo or $972/year more expensive in Indianapolis-Carmel-Anderson (10% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Lincoln?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Lincoln, a 2-bedroom FMR is $835/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Lincoln?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Lincoln it is $40,210/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Lincoln?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Lincoln it is $561/mo.