Indianapolis-Carmel-Anderson vs South Bend-Mishawaka
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
South Bend-Mishawaka is 27% cheaper for renters. A 2-bedroom rents for $724/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $2,304/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | South Bend-Mishawaka | Difference |
|---|---|---|---|
| Studio | $568 | $500 | $68 |
| 1 Bedroom | $718 | $609 | $109 |
| 2 Bedrooms | $916 | $724 | $192 |
| 3 Bedrooms | $1,096 | $947 | $149 |
| 4 Bedrooms | $1,191 | $1,108 | $83 |
| Median Income | $51,092 | $45,155 | $5,937 |
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
South Bend-Mishawaka
- Studio
- $500/mo
- 1 BR
- $609/mo
- 2 BR
- $724/mo
- 3 BR
- $947/mo
- 4 BR
- $1,108/mo
- Median Income
- $45,155/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or South Bend-Mishawaka cheaper to rent in?
South Bend-Mishawaka is cheaper — a 2-bedroom Fair Market Rent is $724/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $192/mo or $2,304/year more expensive in Indianapolis-Carmel-Anderson (27% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs South Bend-Mishawaka?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In South Bend-Mishawaka, a 2-bedroom FMR is $724/month.
How do incomes compare between Indianapolis-Carmel-Anderson and South Bend-Mishawaka?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In South Bend-Mishawaka it is $45,155/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs South Bend-Mishawaka?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In South Bend-Mishawaka it is $500/mo.