Indianapolis-Carmel-Anderson vs Virginia Beach-Norfolk-Newport News
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 9% cheaper for renters. A 2-bedroom rents for $916/mo vs $994/mo in Virginia Beach-Norfolk-Newport News — saving $936/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Virginia Beach-Norfolk-Newport News | Difference |
|---|---|---|---|
| Studio | $568 | $659 | $91 |
| 1 Bedroom | $718 | $824 | $106 |
| 2 Bedrooms | $916 | $994 | $78 |
| 3 Bedrooms | $1,096 | $1,234 | $138 |
| 4 Bedrooms | $1,191 | $1,448 | $257 |
| Median Income | $51,092 | $57,948 | $6,856 |
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
Virginia Beach-Norfolk-Newport News
- Studio
- $659/mo
- 1 BR
- $824/mo
- 2 BR
- $994/mo
- 3 BR
- $1,234/mo
- 4 BR
- $1,448/mo
- Median Income
- $57,948/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Virginia Beach-Norfolk-Newport News cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $994/mo in Virginia Beach-Norfolk-Newport News. That's $78/mo or $936/year more expensive in Virginia Beach-Norfolk-Newport News (9% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Virginia Beach-Norfolk-Newport News?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Virginia Beach-Norfolk-Newport News, a 2-bedroom FMR is $994/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Virginia Beach-Norfolk-Newport News?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Virginia Beach-Norfolk-Newport News it is $57,948/year. Virginia Beach-Norfolk-Newport News has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Virginia Beach-Norfolk-Newport News?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Virginia Beach-Norfolk-Newport News it is $659/mo.