Indianapolis-Carmel-Anderson vs Reno
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 32% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,208/mo in Reno — saving $3,504/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Reno | Difference |
|---|---|---|---|
| Studio | $568 | $773 | $205 |
| 1 Bedroom | $718 | $946 | $228 |
| 2 Bedrooms | $916 | $1,208 | $292 |
| 3 Bedrooms | $1,096 | $1,422 | $326 |
| 4 Bedrooms | $1,191 | $1,636 | $445 |
| Median Income | $51,092 | $59,858 | $8,766 |
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
Reno
- Studio
- $773/mo
- 1 BR
- $946/mo
- 2 BR
- $1,208/mo
- 3 BR
- $1,422/mo
- 4 BR
- $1,636/mo
- Median Income
- $59,858/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Reno cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,208/mo in Reno. That's $292/mo or $3,504/year more expensive in Reno (32% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Reno?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Reno, a 2-bedroom FMR is $1,208/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Reno?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Reno it is $59,858/year. Reno has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Reno?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Reno it is $773/mo.