11750 Glenbrook Ct
CarmelIN46032
Cheap Homes for Rent in Downtown Carmel Neighborhood of Carmel, IN from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Carmel area of Carmel.
503 1st Ave SE
CarmelIN46032
12498 Brookline St
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.
12598 Tennyson Ln
CarmelIN46032
12598 Tennyson Ln
CarmelIN46032
1059 Timber Creek Dr
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.
506 Walbridge St
CarmelIN46032
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Downtown Carmel, Carmel, IN Local Guide
Carmel, Indiana art and design district. by Wiki User: Tysto is licensed under Internal
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 | $1,982 | $1,595 | $2,600 |
| Downtown Carmel 3 Bedroom Homes for Rent | $2,617 | $1,700 | $4,000 |
| Downtown Carmel 4 Bedroom Homes for Rent | $2,678 | $2,000 | $3,275 |
| Downtown Carmel 5 Bedroom Homes for Rent | $8,975 | $8,975 | $8,975 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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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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 priced from $1,064. Providence at Old Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,146. Here are the most affordable Downtown Carmel apartments for rent in Carmel, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAIN STREET | The Maple | Studio,1BA | $1,064 |
| Providence at Old Meridian | 1B1B Rush Street -Renovated | 1BR,1BA | $1,146 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,190 |
Best Value Apartments for Rent in Downtown Carmel, IN
As of November 13, 2025 the best value apartment in the Downtown Carmel area is the $1.68 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,271. The second greatest value Downtown Carmel apartment is the 2 bed 2.5 bath Townh Renovated - Ralston Model at Governor Square starting at $1,820 with a $1.13 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. |
|---|---|---|---|
| OLD TOWN ON THE MONON | Carnegie | 3BR,2.5BA | $1.68 |
| Governor Square | 2 bed 2.5 bath Townh Renovated - Ralston | 2BR,2.5BA | $1.13 |
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.85 |
| Lakes of Carmel | Two Bedroom | 2BR,2BA | $1.34 |
| Penn Circle | B1G - Garage Included | 2BR,2BA | $1.77 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.27 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.64 |
| Alexandria of Carmel Apartments | The Independence 1 BR 1 BA | 1BR,1BA | $1.72 |
| Providence at Old Meridian | 1B1B Rush Street -Renovated | 1BR,1BA | $1.83 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 ArticleQuick Rent Budget Calculator
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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
2.5Pet 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 43 Apartments for Rent in Downtown Carmel, IN with pricing that ranges from $1,000 to $4,466. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carmel ranging from $1,595 to $8,975.
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 $1,595 to $8,975 with an average monthly rent of $4,063.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.