Indianapolis-Carmel-Anderson vs Peoria
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Peoria is 24% cheaper for renters. A 2-bedroom rents for $736/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $2,160/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Peoria | Difference |
|---|---|---|---|
| Studio | $568 | $470 | $98 |
| 1 Bedroom | $718 | $596 | $122 |
| 2 Bedrooms | $916 | $736 | $180 |
| 3 Bedrooms | $1,096 | $870 | $226 |
| 4 Bedrooms | $1,191 | $1,074 | $117 |
| Median Income | $51,092 | $39,404 | $11,688 |
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
Peoria
- Studio
- $470/mo
- 1 BR
- $596/mo
- 2 BR
- $736/mo
- 3 BR
- $870/mo
- 4 BR
- $1,074/mo
- Median Income
- $39,404/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Peoria cheaper to rent in?
Peoria is cheaper — a 2-bedroom Fair Market Rent is $736/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $180/mo or $2,160/year more expensive in Indianapolis-Carmel-Anderson (24% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Peoria?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Peoria, a 2-bedroom FMR is $736/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Peoria?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Peoria it is $39,404/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Peoria?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Peoria it is $470/mo.