What's the average rent in Carmel, IN?

Rental Market Trends in Carmel, IN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Carmel, IN is $2,340 per month, which is 20% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,340

1.8%$41 increase month-over-month

-0.4%-$10 decrease year-over-year

AVAILABLE RENTALS

140

APARTMENTS

$1,942

HOUSES

$2,738

TOWNHOUSES

$2,750

As of September 2026, apartments are the most affordable rental option in Carmel, IN at $1,942 per month, while townhomes are the most expensive at $2,750 per month. Houses average $2,738 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,613
2 Bedrooms	$2,000
3 Bedrooms	$2,543
4 Bedrooms	$3,033
All	$2,340

As of September 2026, the average rent for a 1 bedroom rental in Carmel, IN is $1,613 per month, followed by $2,000 for a 2 bedroom rental, $2,543 for a 3 bedroom rental, and $3,033 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,150
3 Bedrooms	$2,750
4 Bedrooms	$3,500
All	$2,750

As of September 2026, the average rent for a 2 bedroom townhome in Carmel, IN is $2,150 per month, followed by $2,750 for a 3 bedroom townhome, and $3,500 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,700
2 Bedrooms	$1,850
3 Bedrooms	$2,200
4 Bedrooms	—
All	$1,950

As of September 2026, the average rent for a 1 bedroom apartment in Carmel, IN is $1,700 per month, followed by $1,850 for a 2 bedroom apartment, and $2,200 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,200
3 Bedrooms	$2,465
4 Bedrooms	$3,000
All	$2,738

As of September 2026, the average rent for a 2 bedroom house in Carmel, IN is $2,200 per month, followed by $2,465 for a 3 bedroom house, and $3,000 for a 4 bedroom house.