Indianapolis-Carmel-Anderson vs Lynchburg
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lynchburg is 27% cheaper for renters. A 2-bedroom rents for $721/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $2,340/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Lynchburg | Difference |
|---|---|---|---|
| Studio | $568 | $494 | $74 |
| 1 Bedroom | $718 | $589 | $129 |
| 2 Bedrooms | $916 | $721 | $195 |
| 3 Bedrooms | $1,096 | $933 | $163 |
| 4 Bedrooms | $1,191 | $1,024 | $167 |
| Median Income | $51,092 | $37,857 | $13,235 |
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
Lynchburg
- Studio
- $494/mo
- 1 BR
- $589/mo
- 2 BR
- $721/mo
- 3 BR
- $933/mo
- 4 BR
- $1,024/mo
- Median Income
- $37,857/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Lynchburg cheaper to rent in?
Lynchburg is cheaper — a 2-bedroom Fair Market Rent is $721/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $195/mo or $2,340/year more expensive in Indianapolis-Carmel-Anderson (27% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Lynchburg?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Lynchburg, a 2-bedroom FMR is $721/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Lynchburg?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Lynchburg it is $37,857/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Lynchburg?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Lynchburg it is $494/mo.