Indianapolis-Carmel-Anderson vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 19% cheaper for renters. A 2-bedroom rents for $769/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,764/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Toledo | Difference |
|---|---|---|---|
| Studio | $568 | $521 | $47 |
| 1 Bedroom | $718 | $622 | $96 |
| 2 Bedrooms | $916 | $769 | $147 |
| 3 Bedrooms | $1,096 | $990 | $106 |
| 4 Bedrooms | $1,191 | $1,150 | $41 |
| Median Income | $51,092 | $44,170 | $6,922 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $147/mo or $1,764/year more expensive in Indianapolis-Carmel-Anderson (19% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Toledo?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Toledo it is $44,170/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Toledo?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Toledo it is $521/mo.