741 N Rangeline Rd
CarmelIN46032
Cheap Homes for Rent in Downtown Carmel Neighborhood of Carmel, IN from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Carmel area of Carmel.
102 Village Green Ln
CarmelIN46032
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.
1059 Timber Creek Dr
CarmelIN46032
209 Faulkner Ct, Unit 205, Unit 205
209 Faulkner Ct
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.
Showing Results 1-4, 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 | $1,999 | $1,700 | $2,399 |
| Downtown Carmel 3 Bedroom Homes for Rent | $2,430 | $1,950 | $2,790 |
| Downtown Carmel 4 Bedroom Homes for Rent | $3,000 | $2,500 | $3,800 |
| Downtown Carmel 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Downtown Carmel, IN
As of April 25, 2026 the best value apartment in the Downtown Carmel area is the $1.12 price per square foot Two Bedroom TH Model at Woodland Springs Apartment Homes in the in the Spring Mill neighborhood starting from $1,797. The second greatest value Downtown Carmel apartment is the 70 Florence St Model at 70 Florence St, Unit 70 Florence St starting at $2,300 with a $1.69 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. |
|---|---|---|---|
| Woodland Springs Apartment Homes | Two Bedroom TH | 2BR,2.5BA | $1.12 |
| 70 Florence St, Unit 70 Florence St | 70 Florence St | 2BR,2.5BA | $1.69 |
| Penn Circle | B1G - Garage Included | 2BR,2BA | $1.62 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.47 |
| Overture at Proscenium Apartments | Lona | Studio ,1BA | $1.75 |
| The Gallery Apartments | Vermeer | 2BR,1BA | $1.82 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.20 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.69 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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
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.
Let everyone know!
Do you know the Downtown Carmel area?
If you’re an expert on all things Downtown Carmel, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Carmel, Carmel, IN
Ranked #9
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 47 Apartments for Rent in Downtown Carmel, IN with pricing that ranges from $950 to $4,466. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carmel ranging from $950 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 $950 to $6,500 with an average monthly rent of $2,975.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.