Indianapolis-Carmel-Anderson vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Indianapolis-Carmel-Anderson is 12% cheaper for renters. A 2-bedroom rents for $916/mo vs $1,024/mo in Wilmington — saving $1,296/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Wilmington | Difference |
|---|---|---|---|
| Studio | $568 | $656 | $88 |
| 1 Bedroom | $718 | $838 | $120 |
| 2 Bedrooms | $916 | $1,024 | $108 |
| 3 Bedrooms | $1,096 | $1,314 | $218 |
| 4 Bedrooms | $1,191 | $1,459 | $268 |
| Median Income | $51,092 | $52,995 | $1,903 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Wilmington cheaper to rent in?
Indianapolis-Carmel-Anderson is cheaper — a 2-bedroom Fair Market Rent is $916/mo vs $1,024/mo in Wilmington. That's $108/mo or $1,296/year more expensive in Wilmington (12% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Wilmington?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Wilmington it is $52,995/year. Wilmington has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Wilmington?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Wilmington it is $656/mo.