Indianapolis-Carmel-Anderson vs Santa Fe
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 $1,135/mo in Santa Fe — saving $2,628/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Santa Fe | Difference |
|---|---|---|---|
| Studio | $568 | $754 | $186 |
| 1 Bedroom | $718 | $923 | $205 |
| 2 Bedrooms | $916 | $1,135 | $219 |
| 3 Bedrooms | $1,096 | $1,361 | $265 |
| 4 Bedrooms | $1,191 | $1,696 | $505 |
| Median Income | $51,092 | $59,153 | $8,061 |
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
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Santa Fe cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,135/mo in Santa Fe. That's $219/mo or $2,628/year more expensive in Santa Fe (24% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Santa Fe?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Santa Fe, a 2-bedroom FMR is $1,135/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Santa Fe?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Santa Fe it is $59,153/year. Santa Fe has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Santa Fe?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Santa Fe it is $754/mo.