Indianapolis-Carmel-Anderson vs Minneapolis-St. Paul-Bloomington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 19% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $2,100/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Minneapolis-St. Paul-Bloomington | Difference |
|---|---|---|---|
| Studio | $568 | $731 | $163 |
| 1 Bedroom | $718 | $917 | $199 |
| 2 Bedrooms | $916 | $1,091 | $175 |
| 3 Bedrooms | $1,096 | $1,436 | $340 |
| 4 Bedrooms | $1,191 | $1,675 | $484 |
| Median Income | $51,092 | $69,491 | $18,399 |
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
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Minneapolis-St. Paul-Bloomington cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $175/mo or $2,100/year more expensive in Minneapolis-St. Paul-Bloomington (19% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Minneapolis-St. Paul-Bloomington?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Minneapolis-St. Paul-Bloomington, a 2-bedroom FMR is $1,091/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Minneapolis-St. Paul-Bloomington?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Minneapolis-St. Paul-Bloomington it is $69,491/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Minneapolis-St. Paul-Bloomington?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Minneapolis-St. Paul-Bloomington it is $731/mo.