Cheap Apartments for Rent in Carmel, IN
117 rentals
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PET FRIENDLY$1,276 - $1,821/mo
1-3 Beds
1-2 BathsNorth Haven of Carmel Apartments | 4690 Haven Point Blvd,
Indianapolis, IN 46280
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PET FRIENDLY$1,324 - $2,254/mo1-3 Beds1-2 BathsLakeside of Carmel Apartments | 12484 Breaklines St,
Carmel, IN 46032
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SPECIAL OFFERPET FRIENDLY$1,384 - $1,820/mo1-2 Beds1-3 BathsProvidence at Old Meridian | 300 Providence Blvd,
Carmel, IN 46032
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PET FRIENDLY$1,424 - $2,274/mo1-2 Beds1-2 BathsVER at Proscenium Apartments | 1225 Veterans Way,
Carmel, IN 46032
PET FRIENDLY$1,440 - $2,825/moStudio-2 Beds1-2 BathsThe Residences at The Playfair | 880 Monon Green Blvd,
Carmel, IN 46032
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SPECIAL OFFERPET FRIENDLYTotal price$1,554 - $3,193/moStudio-3 Beds1-2 BathsThe Signature at Carmel | 13111 Old Meridian St,
Carmel, IN 46032
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SPECIAL OFFERPET FRIENDLY$1,649 - $2,903/mo1-3 Beds1-2 BathsThe Steadman Apartments of Carmel | 11325 Springmill Rd,
Carmel, IN 46032
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PET FRIENDLY$1,650 - $2,400/mo1-2 Beds1-2 BathsThe Kent at Carmel City Center | 301 American Way N,
Carmel, IN 46032
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$1,680 - $3,345/mo1-3 Beds1-3 BathsThe Residences at Carmel City Center | 770 3rd Ave SW,
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 Aug 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 | $2,299 |
| Apr 2026 | $2,250 |
| May 2026 | $2,250 |
| Jun 2026 | $2,267 |
| Jul 2026 | $2,200 |
| Aug 2026 | $2,178 |
Average Rent By Bedroom and Home Type
In August 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 | $1,548 | $1,853 | $2,495 | $2,900 | $2,300 |
| Townhomes | — | $1,650 | $2,649 | $2,350 | $2,500 |
| Apartments and Condos | $1,600 | $1,649 | $2,649 | $3,000 | $1,845 |
| Houses | — | $2,119 | $2,300 | $2,867 | $2,622 |
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 $1,923 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 $1,548 per month. That is about $149 more than the cost of a studio apartment.
- How many available rental listings are in Carmel, IN?There are 140 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 - 669 Rentas | Trulia