New Apartments for Rent in Carmel, IN Under $1,500 (26 Rentals)

Sunrise on the Monon

VER at Proscenium Apartments

Overture at Proscenium Apartments

Avant
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.

Signature at Carmel

The Olivia

Muse Carmel

Aria Apartments of Zionsville
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.

Farmhouse at Lantern Commons

District South

River Place Flats

Vista 55+ Living
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Flats at Spring Mill Station

The Flats at Fishers Marketplace

The Edge

Lavina

Notch at Nora

Millstone of Noblesville

Nook Nine

Nickel Plate Station
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Flats at Switch

Preserve at Willow Springs

Slate Run Lofts
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 | $1,289 | $800 | $6,128 |
Carmel 1 Bedroom Apartments | $1,535 | $785 | $4,032 |
Carmel 2 Bedroom Apartments | $1,931 | $939 | $5,228 |
Carmel 3 Bedroom Apartments | $2,376 | $798 | $10,000+ |
Carmel 4 Bedroom Apartments | $3,200 | $3,200 | $3,200 |
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 New Carmel Apartments
What is the Cheapest New apartment in Carmel?
Currently the most affordable New Apartment in Carmel is at Flats at Switch listed at $904.
How much is the average rent for a New Carmel Apartment?
The average rent for a New Apartment in Carmel is $2,435.
What is the largest New Carmel Apartment for rent?
Today's New apartment with the most square footage in Carmel is a 2,300 square feet unit starting from $1,605 at Quarry at River North.
What is the average size for Carmel New Apartments for rent?
The average size for a New rental in Carmel is currently at 659 sq ft.
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.