Indianapolis-Carmel-Anderson vs St. Louis
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
St. Louis is 5% cheaper for renters. A 2-bedroom rents for $874/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $504/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | St. Louis | Difference |
|---|---|---|---|
| Studio | $568 | $588 | $20 |
| 1 Bedroom | $718 | $740 | $22 |
| 2 Bedrooms | $916 | $874 | $42 |
| 3 Bedrooms | $1,096 | $1,094 | $2 |
| 4 Bedrooms | $1,191 | $1,269 | $78 |
| Median Income | $51,092 | $61,289 | $10,197 |
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
St. Louis
- Studio
- $588/mo
- 1 BR
- $740/mo
- 2 BR
- $874/mo
- 3 BR
- $1,094/mo
- 4 BR
- $1,269/mo
- Median Income
- $61,289/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or St. Louis cheaper to rent in?
St. Louis is cheaper — a 2-bedroom Fair Market Rent is $874/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $42/mo or $504/year more expensive in Indianapolis-Carmel-Anderson (5% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs St. Louis?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In St. Louis, a 2-bedroom FMR is $874/month.
How do incomes compare between Indianapolis-Carmel-Anderson and St. Louis?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In St. Louis it is $61,289/year. St. Louis has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs St. Louis?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In St. Louis it is $588/mo.