741 N Rangeline Rd
CarmelIN46032
Cheap Homes for Rent in Downtown Carmel Neighborhood of Carmel, IN from $1,200 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Carmel area of Carmel.
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.
505 Vista Dr
IndianapolisIN46280
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.
Showing Results 1-2, Page 1 of 1
Downtown Carmel, Carmel, IN Local Guide
How much does it cost to rent a home in Downtown Carmel?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Carmel 2 Bedroom Homes for Rent | $2,368 | $1,275 | $3,000 |
| Downtown Carmel 3 Bedroom Homes for Rent | $2,513 | $2,040 | $3,000 |
| Downtown Carmel 4 Bedroom Homes for Rent | $3,500 | $3,200 | $3,800 |
| Downtown Carmel 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
| Downtown Carmel 6 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown Carmel Neighborhood of Carmel, IN.
Explore Carmel
Downtown Carmel, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
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Best Value Apartments for Rent in Downtown Carmel, IN
As of June 09, 2026 the best value apartment in the Downtown Carmel area is the $1.62 price per square foot Sydney Model at Overture at Proscenium Apartments in the in the Beacon Point neighborhood starting from $2,099. The second greatest value Downtown Carmel apartment is the 7183C1 3x1.5 Townhome (1280 sqft) Model at Park Lane Apartments starting at $2,199 with a $1.72 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Downtown Carmel apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.62 |
| Park Lane Apartments | 7183C1 3x1.5 Townhome (1280 sqft) | 3BR,1.5BA | $1.72 |
| Governor Square | 2 bedroom 2 bathroom Renovated -Marshall | 2BR,2BA | $1.41 |
| Alexandria of Carmel Apartments | The Presidential 3 BR 2 BA | 3BR,2BA | $1.56 |
| Penn Circle | B1G - Garage Included | 2BR,2BA | $1.64 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Mezz 42 | Staccato (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.66 |
| Highpointe on Meridian | D1 Hunter - 2.2 | 2BR,2BA | $1.52 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.66 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
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Pet Friendly LifestyleDowntown Carmel, Carmel, IN
Ranked #10
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Carmel, Carmel, IN
School data provided by Great Schools
Frequently Asked Questions about Downtown Carmel
What type of rentals are currently available in Downtown Carmel?
There are currently 44 Apartments for Rent in Downtown Carmel, IN with pricing that ranges from $1,078 to $4,466. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carmel ranging from $1,275 to $15,000.
What is the current price range for Rental Homes in Downtown Carmel?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Carmel ranges from $1,275 to $15,000 with an average monthly rent of $5,976.
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.
Articles, How-To's, and Tips
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.