Indianapolis-Carmel-Anderson vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 20% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,097/mo in Raleigh-Cary — saving $2,172/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $568 | $760 | $192 |
| 1 Bedroom | $718 | $928 | $210 |
| 2 Bedrooms | $916 | $1,097 | $181 |
| 3 Bedrooms | $1,096 | $1,435 | $339 |
| 4 Bedrooms | $1,191 | $1,556 | $365 |
| Median Income | $51,092 | $70,678 | $19,586 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Raleigh-Cary cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,097/mo in Raleigh-Cary. That's $181/mo or $2,172/year more expensive in Raleigh-Cary (20% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Raleigh-Cary?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Raleigh-Cary?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Raleigh-Cary it is $760/mo.