What's the average rent in Carmel, IN?

Rental Market Trends in Carmel, IN

Choose another city

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Carmel, IN is $2,250 per month, which is 18% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,250

0.0%No change month over month

-6.3%-$150 decrease year-over-year

AVAILABLE RENTALS

118

APARTMENTS

$1,942

HOUSES

$2,650

TOWNHOUSES

$2,600

As of May 2026, apartments are the most affordable rental option in Carmel, IN at $1,942 per month, while houses are the most expensive at $2,650 per month. Townhomes average $2,600 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,538
2 Bedrooms	$1,973
3 Bedrooms	$2,400
4 Bedrooms	$2,967
All	$2,250

As of May 2026, the average rent for a 1 bedroom rental in Carmel, IN is $1,538 per month, followed by $1,973 for a 2 bedroom rental, $2,400 for a 3 bedroom rental, and $2,967 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,955
3 Bedrooms	$2,620
4 Bedrooms	$2,899
All	$2,600

As of May 2026, the average rent for a 2 bedroom townhome in Carmel, IN is $1,955 per month, followed by $2,620 for a 3 bedroom townhome, and $2,899 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,700
2 Bedrooms	$1,649
3 Bedrooms	$1,900
4 Bedrooms	$3,300
All	$1,900

As of May 2026, the average rent for a 1 bedroom apartment in Carmel, IN is $1,700 per month, followed by $1,649 for a 2 bedroom apartment, $1,900 for a 3 bedroom apartment, and $3,300 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,600
3 Bedrooms	$2,300
4 Bedrooms	$2,950
All	$2,650

As of May 2026, the average rent for a 1 bedroom house in Carmel, IN is $1,200 per month, followed by $1,600 for a 2 bedroom house, $2,300 for a 3 bedroom house, and $2,950 for a 4 bedroom house.