Indianapolis-Carmel-Anderson vs Racine
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Racine is 15% cheaper for renters. A 2-bedroom rents for $794/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,464/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Racine | Difference |
|---|---|---|---|
| Studio | $568 | $508 | $60 |
| 1 Bedroom | $718 | $641 | $77 |
| 2 Bedrooms | $916 | $794 | $122 |
| 3 Bedrooms | $1,096 | $1,002 | $94 |
| 4 Bedrooms | $1,191 | $1,141 | $50 |
| Median Income | $51,092 | $42,267 | $8,825 |
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
Racine
- Studio
- $508/mo
- 1 BR
- $641/mo
- 2 BR
- $794/mo
- 3 BR
- $1,002/mo
- 4 BR
- $1,141/mo
- Median Income
- $42,267/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Racine cheaper to rent in?
Racine is cheaper — a 2-bedroom Fair Market Rent is $794/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $122/mo or $1,464/year more expensive in Indianapolis-Carmel-Anderson (15% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Racine?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Racine, a 2-bedroom FMR is $794/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Racine?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Racine it is $42,267/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Racine?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Racine it is $508/mo.