Indianapolis-Carmel-Anderson vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 23% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,127/mo in Salt Lake City — saving $2,532/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $568 | $754 | $186 |
| 1 Bedroom | $718 | $912 | $194 |
| 2 Bedrooms | $916 | $1,127 | $211 |
| 3 Bedrooms | $1,096 | $1,352 | $256 |
| 4 Bedrooms | $1,191 | $1,632 | $441 |
| Median Income | $51,092 | $77,224 | $26,132 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Salt Lake City cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,127/mo in Salt Lake City. That's $211/mo or $2,532/year more expensive in Salt Lake City (23% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Salt Lake City?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Salt Lake City?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Salt Lake City it is $754/mo.