Indianapolis-Carmel-Anderson vs Louisville-Jefferson County
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Louisville-Jefferson County 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 | Louisville-Jefferson County | Difference |
|---|---|---|---|
| Studio | $568 | $555 | $13 |
| 1 Bedroom | $718 | $707 | $11 |
| 2 Bedrooms | $916 | $835 | $81 |
| 3 Bedrooms | $1,096 | $1,082 | $14 |
| 4 Bedrooms | $1,191 | $1,307 | $116 |
| Median Income | $51,092 | $52,763 | $1,671 |
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
Louisville-Jefferson County
- Studio
- $555/mo
- 1 BR
- $707/mo
- 2 BR
- $835/mo
- 3 BR
- $1,082/mo
- 4 BR
- $1,307/mo
- Median Income
- $52,763/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Louisville-Jefferson County cheaper to rent in?
Louisville-Jefferson County 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 Louisville-Jefferson County?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Louisville-Jefferson County, a 2-bedroom FMR is $835/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Louisville-Jefferson County?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Louisville-Jefferson County it is $52,763/year. Louisville-Jefferson County has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Louisville-Jefferson County?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Louisville-Jefferson County it is $555/mo.