Indianapolis-Carmel-Anderson vs Madera
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 5% cheaper for renters. A 2-bedroom rents for $916/mo vs $960/mo in Madera — saving $528/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Madera | Difference |
|---|---|---|---|
| Studio | $568 | $646 | $78 |
| 1 Bedroom | $718 | $763 | $45 |
| 2 Bedrooms | $916 | $960 | $44 |
| 3 Bedrooms | $1,096 | $1,195 | $99 |
| 4 Bedrooms | $1,191 | $1,347 | $156 |
| Median Income | $51,092 | $57,586 | $6,494 |
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
Madera
- Studio
- $646/mo
- 1 BR
- $763/mo
- 2 BR
- $960/mo
- 3 BR
- $1,195/mo
- 4 BR
- $1,347/mo
- Median Income
- $57,586/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Madera cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $960/mo in Madera. That's $44/mo or $528/year more expensive in Madera (5% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Madera?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Madera, a 2-bedroom FMR is $960/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Madera?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Madera it is $57,586/year. Madera has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Madera?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Madera it is $646/mo.