Indianapolis-Carmel-Anderson vs Phoenix-Mesa-Chandler
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 26% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,158/mo in Phoenix-Mesa-Chandler — saving $2,904/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Phoenix-Mesa-Chandler | Difference |
|---|---|---|---|
| Studio | $568 | $752 | $184 |
| 1 Bedroom | $718 | $943 | $225 |
| 2 Bedrooms | $916 | $1,158 | $242 |
| 3 Bedrooms | $1,096 | $1,495 | $399 |
| 4 Bedrooms | $1,191 | $1,715 | $524 |
| Median Income | $51,092 | $62,754 | $11,662 |
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
Phoenix-Mesa-Chandler
- Studio
- $752/mo
- 1 BR
- $943/mo
- 2 BR
- $1,158/mo
- 3 BR
- $1,495/mo
- 4 BR
- $1,715/mo
- Median Income
- $62,754/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Phoenix-Mesa-Chandler cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,158/mo in Phoenix-Mesa-Chandler. That's $242/mo or $2,904/year more expensive in Phoenix-Mesa-Chandler (26% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Phoenix-Mesa-Chandler?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Phoenix-Mesa-Chandler, a 2-bedroom FMR is $1,158/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Phoenix-Mesa-Chandler?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Phoenix-Mesa-Chandler it is $62,754/year. Phoenix-Mesa-Chandler has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Phoenix-Mesa-Chandler?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Phoenix-Mesa-Chandler it is $752/mo.