Indianapolis-Carmel-Anderson vs Palm Bay-Melbourne-Titusville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 15% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville — saving $1,692/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Palm Bay-Melbourne-Titusville | Difference |
|---|---|---|---|
| Studio | $568 | $712 | $144 |
| 1 Bedroom | $718 | $871 | $153 |
| 2 Bedrooms | $916 | $1,057 | $141 |
| 3 Bedrooms | $1,096 | $1,335 | $239 |
| 4 Bedrooms | $1,191 | $1,531 | $340 |
| Median Income | $51,092 | $62,156 | $11,064 |
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
Palm Bay-Melbourne-Titusville
- Studio
- $712/mo
- 1 BR
- $871/mo
- 2 BR
- $1,057/mo
- 3 BR
- $1,335/mo
- 4 BR
- $1,531/mo
- Median Income
- $62,156/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Palm Bay-Melbourne-Titusville cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,057/mo in Palm Bay-Melbourne-Titusville. That's $141/mo or $1,692/year more expensive in Palm Bay-Melbourne-Titusville (15% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Palm Bay-Melbourne-Titusville?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Palm Bay-Melbourne-Titusville, a 2-bedroom FMR is $1,057/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Palm Bay-Melbourne-Titusville?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Palm Bay-Melbourne-Titusville it is $62,156/year. Palm Bay-Melbourne-Titusville has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Palm Bay-Melbourne-Titusville?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Palm Bay-Melbourne-Titusville it is $712/mo.