Indianapolis-Carmel-Anderson vs Terre Haute
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Terre Haute is 36% cheaper for renters. A 2-bedroom rents for $676/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $2,880/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Terre Haute | Difference |
|---|---|---|---|
| Studio | $568 | $419 | $149 |
| 1 Bedroom | $718 | $537 | $181 |
| 2 Bedrooms | $916 | $676 | $240 |
| 3 Bedrooms | $1,096 | $806 | $290 |
| 4 Bedrooms | $1,191 | $964 | $227 |
| Median Income | $51,092 | $40,500 | $10,592 |
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
Terre Haute
- Studio
- $419/mo
- 1 BR
- $537/mo
- 2 BR
- $676/mo
- 3 BR
- $806/mo
- 4 BR
- $964/mo
- Median Income
- $40,500/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Terre Haute cheaper to rent in?
Terre Haute is cheaper — a 2-bedroom Fair Market Rent is $676/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $240/mo or $2,880/year more expensive in Indianapolis-Carmel-Anderson (36% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Terre Haute?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Terre Haute, a 2-bedroom FMR is $676/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Terre Haute?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Terre Haute it is $40,500/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Terre Haute?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Terre Haute it is $419/mo.