What's the average rent in Carmel, IN?

Rental Market Trends in Carmel, IN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Carmel, IN is $2,226 per month, which is 14% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,226

-3.2%-$73 decrease month-over-month

-7.1%-$169 decrease year-over-year

AVAILABLE RENTALS

125

APARTMENTS

$1,938

HOUSES

$2,800

TOWNHOUSES

$2,400

As of June 2026, apartments are the most affordable rental option in Carmel, IN at $1,938 per month, while houses are the most expensive at $2,800 per month. Townhomes average $2,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,587
2 Bedrooms	$2,000
3 Bedrooms	$2,650
4 Bedrooms	$2,995
All	$2,226

As of June 2026, the average rent for a 1 bedroom rental in Carmel, IN is $1,587 per month, followed by $2,000 for a 2 bedroom rental, $2,650 for a 3 bedroom rental, and $2,995 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,400
2 Bedrooms	$1,995
3 Bedrooms	$2,725
4 Bedrooms	$2,700
All	$2,400

As of June 2026, the average rent for a 1 bedroom townhome in Carmel, IN is $1,400 per month, followed by $1,995 for a 2 bedroom townhome, $2,725 for a 3 bedroom townhome, and $2,700 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,700
2 Bedrooms	$1,750
3 Bedrooms	$2,130
4 Bedrooms	—
All	$1,750

As of June 2026, the average rent for a 1 bedroom apartment in Carmel, IN is $1,700 per month, followed by $1,750 for a 2 bedroom apartment, and $2,130 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,400
2 Bedrooms	$2,050
3 Bedrooms	$2,395
4 Bedrooms	$3,200
All	$2,800

As of June 2026, the average rent for a 1 bedroom house in Carmel, IN is $1,400 per month, followed by $2,050 for a 2 bedroom house, $2,395 for a 3 bedroom house, and $3,200 for a 4 bedroom house.