Cheap Apartments for Rent in Carmel, IN
127 rentals
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Use arrow keys to navigatePET FRIENDLY$1,165 - $1,745/mo
Studio-1 Bed
1 BathThe Residences at The Playfair | Monon Green Blvd,
Carmel, IN 46032
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PET FRIENDLY$1,284 - $1,919/mo1-3 Beds1-2 BathsNorth Haven of Carmel Apartments | Haven Point Blvd,
Indianapolis, IN 46280
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PET FRIENDLY$1,570 - $3,345/mo1-2 Beds1-2 BathsThe Residences at Carmel City Center | S Rangeline Rd,
Carmel, IN 46032
SPECIAL OFFERPET FRIENDLYTotal price$1,570 - $3,125/moStudio-3 Beds1-2 BathsThe Signature at Carmel | Old Meridian St,
Carmel, IN 46032
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SPECIAL OFFERPET FRIENDLY$1,599 - $2,903/mo1-3 Beds1-2 BathsThe Steadman Apartments of Carmel | Springmill Rd,
Carmel, IN 46032
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NEW - 14 HRS AGOPET FRIENDLY$1,650 - $3,025/mo1-3 Beds1-2 BathsThe Kent at Carmel City Center | American Way N,
Carmel, IN 46032
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Average Rent Trends in Carmel, IN
Rent in Carmel, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Jul 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $2,500 |
| Sep 2025 | $2,400 |
| Oct 2025 | $2,295 |
| Nov 2025 | $2,295 |
| Dec 2025 | $2,346 |
| Jan 2026 | $2,295 |
| Feb 2026 | $2,400 |
| Mar 2026 | $2,295 |
| Apr 2026 | $2,250 |
| May 2026 | $2,250 |
| Jun 2026 | $2,274 |
| Jul 2026 | $2,200 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,590 | $1,850 | $2,595 | $2,950 | $2,107 |
| Townhomes | $1,400 | $1,750 | $2,695 | $3,380 | $2,650 |
| Apartments and Condos | $1,700 | $1,695 | $2,017 | — | $1,700 |
| Houses | $1,400 | $1,850 | $2,400 | $2,750 | $2,650 |
Frequently Asked Questions about Rentals in Carmel, IN
- What is the average rent of an apartment in Carmel, IN?The average rent of an apartment in Carmel, IN is $1,911 per month. This is about 2% lower than the national average.
- When is the average rent cheapest in Carmel, IN?In the last year, the average rent in Carmel, IN was lowest in Oct 2025 when it was $2,295 per month.
- When is the average rent most expensive in Carmel, IN?In the last year, the average rent in Carmel, IN was highest in Aug 2025 when it was $2,500 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Carmel, IN?The average rent of a 1 bedroom apartment in Carmel, IN is $1,590 per month. That is about $165 more than the cost of a studio apartment.
- How many available rental listings are in Carmel, IN?There are 127 available rental listings in Carmel, IN.
- What are some neighborhoods in Carmel, IN?Some neighborhoods in Carmel, IN include: Home Place.
- What are some zip codes in Carmel, IN?
- What are some cities near Carmel, IN?Some nearby cities include: Westfield, Zionsville, Fishers, Lawrence, Whitestown. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Carmel, IN - 631 Rentas | Trulia