Indianapolis-Carmel-Anderson vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 77% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,623/mo in San Luis Obispo — saving $8,484/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $568 | $1,065 | $497 |
| 1 Bedroom | $718 | $1,360 | $642 |
| 2 Bedrooms | $916 | $1,623 | $707 |
| 3 Bedrooms | $1,096 | $2,039 | $943 |
| 4 Bedrooms | $1,191 | $2,372 | $1,181 |
| Median Income | $51,092 | $94,761 | $43,669 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or San Luis Obispo cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,623/mo in San Luis Obispo. That's $707/mo or $8,484/year more expensive in San Luis Obispo (77% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Indianapolis-Carmel-Anderson and San Luis Obispo?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs San Luis Obispo?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In San Luis Obispo it is $1,065/mo.