Indianapolis-Carmel-Anderson vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 24% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,137/mo in Salem — saving $2,652/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Salem | Difference |
|---|---|---|---|
| Studio | $568 | $741 | $173 |
| 1 Bedroom | $718 | $913 | $195 |
| 2 Bedrooms | $916 | $1,137 | $221 |
| 3 Bedrooms | $1,096 | $1,411 | $315 |
| 4 Bedrooms | $1,191 | $1,615 | $424 |
| Median Income | $51,092 | $53,953 | $2,861 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Salem cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,137/mo in Salem. That's $221/mo or $2,652/year more expensive in Salem (24% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Salem?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Salem?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Salem it is $741/mo.