
Top Rated Cheap Apartments for Rent in Carmel, IN from $500 (26 Rentals)
Top Rated Apartments in Carmel.
Cheap Apartments in Carmel.


The Village on Spring Mill

Muse Carmel

The Olivia

Providence at Old Meridian
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Alexandria of Carmel Apartments

Summerwood on Towne Line Apartments

Millstone of Noblesville

River Crossing

Sanctuary at Fishers

Lakeshore Apartments
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Sunlake Apartments

Woods of Britton

Nickel Plate Station

River Ridge

The Reserve at William's Glen
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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Depot At Nickel Plate

Prairie Lakes

Castle Creek Apartments

Lake Clearwater Apartments
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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.

The Flats at Fishers Marketplace

The Lakes Apartments

Ironworks at Keystone

Flats at Switch
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 | $1,177 | $799 | $2,087 |
Carmel 1 Bedroom Apartments | $1,499 | $800 | $4,182 |
Carmel 2 Bedroom Apartments | $1,893 | $1,060 | $5,000 |
Carmel 3 Bedroom Apartments | $2,384 | $1,159 | $10,000+ |
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 King's Reserve College Park - 55+ Senior listed at $799.
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 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.

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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.