
Cheap Apartments for Rent in Carmel, IN from $799 (149 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Carmel.


River Road Apartments

Northwood on the Trail

Slate Run Lofts and Apartments

Avia Lofts at Founders Road

The Grove on 79th

The Spring Waterside Luxury Apartments

The Grove on Harcourt

TGM Autumn Woods

The Manning Apartment Homes
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

The Eclipse Apartment Homes

The Lodge at Trails Edge

The Towers at Crooked Creek Senior Housing

Total Monthly Price
Retreat at Riverbend

Parkside at Castleton Square Apartments and Townhomes

Oak Lake at Crooked Creek

Woodbridge Castleton

The Elliott at College Park Apartment Homes

Ashton Brook

Elevate Keystone Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Total Monthly Price
ReNew at the Crossing

Scandia Apartments

Metropolitan Fishers

Lakeshore Apartments

Sanctuary at Fishers

River Crossing

Millstone of Noblesville

Nook Nine

14998 Allisonville Rd, Unit 14998 Allisonville

Summerwood on Towne Line Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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.

Lakeshore Reserve Off 86th Apartments and Townhomes

North Willow

Flats at Switch

Chelsea Village

Lavina

Northview

Castle Creek Apartments

Sunlake Apartments

Sunblest Apartments

Prairie Lakes
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.

Ivy Knoll Apartments

Lake Clearwater Apartments

River Ridge

Greystone of Noblesville

The Flats at Fishers Marketplace

Woods of Britton

Notch at Nora

The Lakes Apartments

Depot at Nickel Plate

The Edge
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 |
|---|---|---|---|
| Cheap Carmel Studio Apartments | $1,314 | $799 | $4,217 |
| Cheap Carmel 1 Bedroom Apartments | $1,531 | $810 | $3,900 |
| Cheap Carmel 2 Bedroom Apartments | $1,862 | $1,049 | $4,282 |
| Cheap Carmel 3 Bedroom Apartments | $2,306 | $1,389 | $5,805 |
| Cheap Carmel 4 Bedroom Apartments | $3,450 | $3,450 | $3,450 |
Browse Top Apartments in Carmel
See all Apartments in CarmelExplore Carmel
Frequently Asked Questions about Cheap Carmel Apartments
What is a cheap apartment in Carmel?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Carmel is under $946.
What is the price of a cheap apartment in Carmel?
The cheapest apartment in Carmel is Carlton Apartments which is listed at $810, while the average apartment in Carmel costs $1,763.
What types of apartments are the cheapest in Carmel?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Carmel that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Carmel?
Cheap apartments in Carmel have an average cost of $303 which is $1,460 cheaper than the average rent for all rentals in Carmel.
Expert Rental Resources
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.
Helpful Local Expert Guides

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.