Indianapolis-Carmel-Anderson vs Winston-Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Winston-Salem is 14% cheaper for renters. A 2-bedroom rents for $807/mo vs $916/mo in Indianapolis-Carmel-Anderson — saving $1,308/year.
Rent by Unit Size
| Unit Size | Indianapolis-Carmel-Anderson | Winston-Salem | Difference |
|---|---|---|---|
| Studio | $568 | $531 | $37 |
| 1 Bedroom | $718 | $652 | $66 |
| 2 Bedrooms | $916 | $807 | $109 |
| 3 Bedrooms | $1,096 | $1,030 | $66 |
| 4 Bedrooms | $1,191 | $1,189 | $2 |
| Median Income | $51,092 | $47,140 | $3,952 |
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
Winston-Salem
- Studio
- $531/mo
- 1 BR
- $652/mo
- 2 BR
- $807/mo
- 3 BR
- $1,030/mo
- 4 BR
- $1,189/mo
- Median Income
- $47,140/yr
Frequently Asked Questions
Is Indianapolis-Carmel-Anderson or Winston-Salem cheaper to rent in?
Winston-Salem is cheaper — a 2-bedroom Fair Market Rent is $807/mo vs $916/mo in Indianapolis-Carmel-Anderson. That's $109/mo or $1,308/year more expensive in Indianapolis-Carmel-Anderson (14% higher).
What is the 2-bedroom rent in Indianapolis-Carmel-Anderson vs Winston-Salem?
The HUD Fair Market Rent for a 2-bedroom in Indianapolis-Carmel-Anderson is $916/month. In Winston-Salem, a 2-bedroom FMR is $807/month.
How do incomes compare between Indianapolis-Carmel-Anderson and Winston-Salem?
The median household income in Indianapolis-Carmel-Anderson is $51,092/year. In Winston-Salem it is $47,140/year. Indianapolis-Carmel-Anderson has the higher median income.
What is the studio rent in Indianapolis-Carmel-Anderson vs Winston-Salem?
A studio apartment Fair Market Rent in Indianapolis-Carmel-Anderson is $568/mo. In Winston-Salem it is $531/mo.