What's the average rent in Carmel, IN?

Rental Market Trends in Carmel, IN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Carmel, IN is $2,395 per month, which is 24% higher than the national average rent of $1,932 per month.

AVERAGE RENT

$2,395

-0.2%-$5 decrease month-over-month

4.6%$105 increase year-over-year

AVAILABLE RENTALS

140

APARTMENTS

$2,112

HOUSES

$2,668

TOWNHOUSES

$2,450

As of November 2026, apartments are the most affordable rental option in Carmel, IN at $2,112 per month, while houses are the most expensive at $2,668 per month. Townhomes average $2,450 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$1,895
3 Bedrooms	$2,450
4 Bedrooms	$2,800
All	$2,395

As of November 2026, the average rent for a 1 bedroom rental in Carmel, IN is $1,600 per month, followed by $1,895 for a 2 bedroom rental, $2,450 for a 3 bedroom rental, and $2,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,400
2 Bedrooms	$1,895
3 Bedrooms	$2,500
4 Bedrooms	$2,695
All	$2,450

As of November 2026, the average rent for a 1 bedroom townhome in Carmel, IN is $1,400 per month, followed by $1,895 for a 2 bedroom townhome, $2,500 for a 3 bedroom townhome, and $2,695 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$1,600
3 Bedrooms	$2,599
4 Bedrooms	—
All	$1,850

As of November 2026, the average rent for a 1 bedroom apartment in Carmel, IN is $1,600 per month, followed by $1,600 for a 2 bedroom apartment, and $2,599 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,400
3 Bedrooms	$2,395
4 Bedrooms	$2,895
All	$2,668

As of November 2026, the average rent for a 2 bedroom house in Carmel, IN is $2,400 per month, followed by $2,395 for a 3 bedroom house, and $2,895 for a 4 bedroom house.