Cheap Apartments for Rent in Carmel, IN from $500 (67 Rentals)

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Carmel, IN Local Guide

Cheapest Neighborhoods for Apartments in Carmel, IN

Pricing Updated: 09/09/2025

Current apartment rentals in the Carmel, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Carmel Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Carmel$2,123$1,148239

Cheapest Available Carmel Apartments for Rent

 

The cheapest available apartment rental in Carmel, IN is a Studio unit found at Dogwood Glen in the Spring Arbor neighborhood priced from $620. The Hub at Nora in the Nora neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here is today’s list of the most affordable Carmel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dogwood GlenStudio 1 BathStudio,1BA$620
The Hub at NoraStudio Suite with Patio/Balcony - 467 Sq FtStudio,1BA$749
King's Reserve College Park 55+ Active LivingStudio KingStudio,1BA$799
Carlton ApartmentsVilla1BR,1BA$800
Reflections ApartmentsReplicaStudio,1BA$869
Turtle CreekStudioStudio,1BA$876
River Road ApartmentsVilla1BR,1BA$880
Slate Run Lofts and ApartmentsStudio-AptsStudio,1BA$950
College Courts1 Bed/1 Bath Up (B)1BR,1BA$959
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$965

Best Value Apartments for Rent in Carmel, IN

As of September 09, 2025 the best value apartment in the Carmel area is the $0.98 price per square foot 7176B1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,149. The second greatest value Carmel apartment is the Trenton Model at Casey Corner Townhomes starting at $2,300 with a $1.35 price per square foot in the Countryside/Richter`s Corner neighborhood. Here is today’s list of the best values for Carmel apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on Meridian7176B12BR,2BA$0.98
Casey Corner TownhomesTrenton3BR,2.5BA$1.35
Governor Square2 bed 2.5 bath Townh Renovated - Ralston2BR,2.5BA$1.16
Lakes of CarmelTwo Bedroom Study2BR,2BA$1.31
Woods of BrittonWalnut2BR,2BA$1.19
Ivy Knoll Apartments2Bd/2Ba Up W/D2BR,2BA$1.19
North Willow2 Bed/1 Ba w/FP-Up2BR,1BA$1.30
The Grove on Harcourt2 Bed 2 Bath Apartment - Premier2BR,2BA$1.16
The Preserve on Allisonville TownhomesTwo Bedroom Townhome2BR,1.5BA$1.34
Scandia ApartmentsHalmstead1BR,1.5BA$1.13

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Pet Friendly Lifestyle
Carmel, IN

Ranked #2

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Carmel, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Carmel, IN Rentals by Map

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See the most popular apartments and homes in Carmel, IN

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Getting Around Carmel, IN

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Carmel Apartments

What is the Cheapest Studio apartment in Carmel?

Currently the most affordable Cheap Studio Apartment in Carmel is at Dogwood Glen listed at $620.

How much is rent for a Cheap One Bedroom Carmel Apartment?

The lowest price for a Cheap One Bedroom Carmel Apartment is $800 at Carlton Apartments.

What is the lowest price for a Cheap Two Bedroom Carmel Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Carmel is starting from $1,060 at Carlton Apartments.

What is the most affordable Carmel Three Bedroom Apartment?

The best deal on a cheap Carmel Three Bedroom Apartment rental is at The Grove on Harcourt and starts from $1,299.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.