
Top Rated Cheap Apartments for Rent in Carmel, IN from $400 (13 Rentals)
Top Rated Apartments in Carmel.
Cheap Apartments in Carmel.


The Village on Spring Mill

Providence at Old Meridian

Alexandria of Carmel Apartments

Summerwood on Towne Line Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Lakeshore Apartments

River Crossing

Sanctuary at Fishers

Sunlake Apartments

River Ridge

Nickel Plate Station
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Carmel, IN Local Guide

How much does it cost to rent an apartment in Carmel?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Carmel Studio Apartments | $1,328 | $800 | $6,437 |
Carmel 1 Bedroom Apartments | $1,539 | $405 | $3,969 |
Carmel 2 Bedroom Apartments | $1,955 | $872 | $5,312 |
Carmel 3 Bedroom Apartments | $2,376 | $798 | $10,000+ |
Carmel 4 Bedroom Apartments | $2,502 | $1,690 | $3,420 |
Explore Carmel
Carmel, IN Local Guide
- Carmel Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 The Hub at Nora listed at $725.
How much is rent for a Cheap One Bedroom Carmel Apartment?
The lowest price for a Cheap One Bedroom Carmel Apartment is $850 at Parkside at Castleton Square Apartments and Townhomes.
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 $1,072 at Turtle Creek.
What is the most affordable Carmel Three Bedroom Apartment?
The best deal on a cheap Carmel Three Bedroom Apartment rental is at Grove on Harcourt and starts from $798.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.