Indianapolis-Carmel-Anderson vs Syracuse
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Syracuse is 12% cheaper for renters. A 2-bedroom rents for $820/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,152/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Syracuse | Difference |
|---|---|---|---|
| Studio | $568 | $546 | $22 |
| 1 Bedroom | $718 | $686 | $32 |
| 2 Bedrooms | $916 | $820 | $96 |
| 3 Bedrooms | $1,096 | $1,051 | $45 |
| 4 Bedrooms | $1,191 | $1,207 | $16 |
| Median Income | $51,092 | $42,142 | $8,950 |
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
Syracuse
- Studio
- $546/mo
- 1 BR
- $686/mo
- 2 BR
- $820/mo
- 3 BR
- $1,051/mo
- 4 BR
- $1,207/mo
- Median Income
- $42,142/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Syracuse cheaper to rent in?
Syracuse is cheaper — a 2-bedroom Fair Market Rent is $820/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $96/mo or $1,152/year more expensive in Indianapolis-Carmel-Anderson (12% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Syracuse?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Syracuse, a 2-bedroom FMR is $820/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Syracuse?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Syracuse it is $42,142/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Syracuse?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Syracuse it is $546/mo.