Indianapolis-Carmel-Anderson vs Olympia-Lacey-Tumwater
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 29% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,178/mo in Olympia-Lacey-Tumwater — saving $3,144/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Olympia-Lacey-Tumwater | Difference |
|---|---|---|---|
| Studio | $568 | $769 | $201 |
| 1 Bedroom | $718 | $945 | $227 |
| 2 Bedrooms | $916 | $1,178 | $262 |
| 3 Bedrooms | $1,096 | $1,376 | $280 |
| 4 Bedrooms | $1,191 | $1,633 | $442 |
| Median Income | $51,092 | $67,966 | $16,874 |
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
Olympia-Lacey-Tumwater
- Studio
- $769/mo
- 1 BR
- $945/mo
- 2 BR
- $1,178/mo
- 3 BR
- $1,376/mo
- 4 BR
- $1,633/mo
- Median Income
- $67,966/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Olympia-Lacey-Tumwater cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,178/mo in Olympia-Lacey-Tumwater. That's $262/mo or $3,144/year more expensive in Olympia-Lacey-Tumwater (29% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Olympia-Lacey-Tumwater?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Olympia-Lacey-Tumwater, a 2-bedroom FMR is $1,178/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Olympia-Lacey-Tumwater?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Olympia-Lacey-Tumwater it is $67,966/year. Olympia-Lacey-Tumwater has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Olympia-Lacey-Tumwater?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Olympia-Lacey-Tumwater it is $769/mo.