What's the average rent in Carmel, IN?

Rental Market Trends in Carmel, IN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Carmel, IN is $2,200 per month, which is 12% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,200

0.0%No change month over month

-15.1%-$390 decrease year-over-year

AVAILABLE RENTALS

134

APARTMENTS

$1,918

HOUSES

$2,598

TOWNHOUSES

$2,190

As of August 2026, apartments are the most affordable rental option in Carmel, IN at $1,918 per month, while houses are the most expensive at $2,598 per month. Townhomes average $2,190 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,548
2 Bedrooms	$1,899
3 Bedrooms	$2,500
4 Bedrooms	$2,750
All	$2,200

As of August 2026, the average rent for a 1 bedroom rental in Carmel, IN is $1,548 per month, followed by $1,899 for a 2 bedroom rental, $2,500 for a 3 bedroom rental, and $2,750 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,899
3 Bedrooms	$2,730
4 Bedrooms	—
All	$2,190

As of August 2026, the average rent for a 2 bedroom townhome in Carmel, IN is $1,899 per month, followed by $2,730 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,700
2 Bedrooms	$1,600
3 Bedrooms	$2,649
4 Bedrooms	$3,000
All	$1,853

As of August 2026, the average rent for a 1 bedroom apartment in Carmel, IN is $1,700 per month, followed by $1,600 for a 2 bedroom apartment, $2,649 for a 3 bedroom apartment, and $3,000 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,850
3 Bedrooms	$2,300
4 Bedrooms	$2,727
All	$2,598

As of August 2026, the average rent for a 2 bedroom house in Carmel, IN is $1,850 per month, followed by $2,300 for a 3 bedroom house, and $2,727 for a 4 bedroom house.