Indianapolis-Carmel-Anderson vs New Haven-Milford
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 30% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,189/mo in New Haven-Milford — saving $3,276/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | New Haven-Milford | Difference |
|---|---|---|---|
| Studio | $568 | $808 | $240 |
| 1 Bedroom | $718 | $974 | $256 |
| 2 Bedrooms | $916 | $1,189 | $273 |
| 3 Bedrooms | $1,096 | $1,507 | $411 |
| 4 Bedrooms | $1,191 | $1,637 | $446 |
| Median Income | $51,092 | $68,368 | $17,276 |
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
New Haven-Milford
- Studio
- $808/mo
- 1 BR
- $974/mo
- 2 BR
- $1,189/mo
- 3 BR
- $1,507/mo
- 4 BR
- $1,637/mo
- Median Income
- $68,368/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or New Haven-Milford cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,189/mo in New Haven-Milford. That's $273/mo or $3,276/year more expensive in New Haven-Milford (30% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs New Haven-Milford?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In New Haven-Milford, a 2-bedroom FMR is $1,189/month.
How do incomes compare between Indianapolis-Carmel-Anderson and New Haven-Milford?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In New Haven-Milford it is $68,368/year. New Haven-Milford has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs New Haven-Milford?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In New Haven-Milford it is $808/mo.