Indianapolis-Carmel-Anderson vs Providence-Warwick
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 22% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,122/mo in Providence-Warwick — saving $2,472/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Providence-Warwick | Difference |
|---|---|---|---|
| Studio | $568 | $784 | $216 |
| 1 Bedroom | $718 | $946 | $228 |
| 2 Bedrooms | $916 | $1,122 | $206 |
| 3 Bedrooms | $1,096 | $1,429 | $333 |
| 4 Bedrooms | $1,191 | $1,663 | $472 |
| Median Income | $51,092 | $69,693 | $18,601 |
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
Providence-Warwick
- Studio
- $784/mo
- 1 BR
- $946/mo
- 2 BR
- $1,122/mo
- 3 BR
- $1,429/mo
- 4 BR
- $1,663/mo
- Median Income
- $69,693/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Providence-Warwick cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,122/mo in Providence-Warwick. That's $206/mo or $2,472/year more expensive in Providence-Warwick (22% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Providence-Warwick?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Providence-Warwick, a 2-bedroom FMR is $1,122/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Providence-Warwick?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Providence-Warwick it is $69,693/year. Providence-Warwick has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Providence-Warwick?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Providence-Warwick it is $784/mo.