102 Village Green Ln
CarmelIN46032
Cheap Homes for Rent in Downtown Carmel Neighborhood of Carmel, IN from $1,700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Carmel area of Carmel.
209 Faulkner Ct, Unit 205
209 Faulkner Ct
CarmelIN46032
951 Pawnee Rd
CarmelIN46032
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.
32 Cricket Knoll Ln
CarmelIN46033
537 Steinbeck Pl
CarmelIN46032
513 Aberdeen St
CarmelIN46032
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.
Showing Results 1-6, 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 | $2,066 | $1,700 | $2,600 |
| Downtown Carmel 3 Bedroom Homes for Rent | $2,696 | $2,395 | $3,005 |
| Downtown Carmel 4 Bedroom Homes for Rent | $2,950 | $2,500 | $3,400 |
| Downtown Carmel 5 Bedroom Homes for Rent | $4,825 | $3,150 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Carmel Neighborhood of Carmel, IN.
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Downtown Carmel, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
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Cheapest Available Downtown Carmel Apartments for Rent
The cheapest available apartment rental in the Downtown Carmel area of Carmel, IN is a Studio unit found at Main Street on the Monon priced from $1,134. Gramercy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. Here are the most affordable Downtown Carmel apartments for rent in Carmel, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Main Street on the Monon | Maple | Studio,1BA | $1,134 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,260 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1,296 |
Best Value Apartments for Rent in Downtown Carmel, IN
As of March 11, 2026 the best value apartment in the Downtown Carmel area is the $1.72 price per square foot 7183C1 3x1.5 Townhome (1280 sqft) Model at Park Lane Apartments in the in the Beacon Point neighborhood starting from $2,199. The second greatest value Downtown Carmel apartment is the Two Bedroom Model at Woodland Springs Apartment Homes starting at $1,431 with a $1.19 price per square foot in the Spring Mill 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. |
|---|---|---|---|
| Park Lane Apartments | 7183C1 3x1.5 Townhome (1280 sqft) | 3BR,1.5BA | $1.72 |
| Woodland Springs Apartment Homes | Two Bedroom | 2BR,2BA | $1.19 |
| Penn Circle | B6 | 2BR,2BA | $1.50 |
| Overture at Proscenium Apartments | London | 2BR,2BA | $1.71 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.55 |
| Mezz 42 | Con Moto - 7175A1 1x1 (800 sqft) | 1BR,1BA | $1.87 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.14 |
| 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
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Carmel, Carmel, IN
Ranked #9
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $900 to $4,466. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carmel ranging from $1,700 to $6,500.
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 $1,700 to $6,500 with an average monthly rent of $3,134.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.