Indianapolis-Carmel-Anderson Fair Market Rent 2026
HUD Fair Market Rent data for the Indianapolis-Carmel-Anderson metropolitan area. Median household income: $51,092/year. Vacancy rate: 7.7%.
2BR FMR
$916/mo
Median Income
$51,092
Vacancy Rate
7.7%
Rent Burden
21.5%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $51,092/year can afford up to $1,277/mo in rent.
The 2BR FMR of $916/mo represents 21.5% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 7.7% in Indianapolis-Carmel-Anderson indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.
Frequently Asked Questions
What is the average rent in Indianapolis-Carmel-Anderson?
The 2026 HUD FMR for a 2-bedroom in the Indianapolis-Carmel-Anderson metro area is $916/month. 1BR: $718, 3BR: $1,096.
What is the vacancy rate in Indianapolis-Carmel-Anderson?
The rental vacancy rate in Indianapolis-Carmel-Anderson is 7.7%. A rate below 5% typically indicates a tight rental market.
Is Indianapolis-Carmel-Anderson affordable for renters?
With a median income of $51,092 and 2BR rent at $916/mo, rent takes about 22% of income in Indianapolis-Carmel-Anderson.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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