Indianapolis-Carmel-Anderson vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Roanoke is 14% cheaper for renters. A 2-bedroom rents for $803/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,356/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Roanoke | Difference |
|---|---|---|---|
| Studio | $568 | $518 | $50 |
| 1 Bedroom | $718 | $643 | $75 |
| 2 Bedrooms | $916 | $803 | $113 |
| 3 Bedrooms | $1,096 | $980 | $116 |
| 4 Bedrooms | $1,191 | $1,168 | $23 |
| Median Income | $51,092 | $51,099 | $7 |
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
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Roanoke cheaper to rent in?
Roanoke is cheaper — a 2-bedroom Fair Market Rent is $803/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $113/mo or $1,356/year more expensive in Indianapolis-Carmel-Anderson (14% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Roanoke?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Roanoke it is $51,099/year. Roanoke has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Roanoke?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Roanoke it is $518/mo.