11034 Central Ave
IndianapolisIN46280
Cheap Homes for Rent in the Downtown Carmel Neighborhood of Carmel, IN from $1,865 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Carmel area of Carmel.
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
33 Rogers Rd
CarmelIN46032
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $2,625 | $2,500 | $2,750 |
| Downtown Carmel 3 Bedroom Homes for Rent | $2,676 | $1,865 | $3,300 |
| Downtown Carmel 4 Bedroom Homes for Rent | $3,390 | $3,390 | $3,390 |
| Downtown Carmel 5 Bedroom Homes for Rent | $6,175 | $5,850 | $6,500 |
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
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Apartments for Rent in Downtown Carmel, IN
As of September 08, 2026 the best value apartment in the Downtown Carmel area is the $1.62 price per square foot B1 Kendall Model at Old Town On The Monon in the in the Beacon Point neighborhood starting from $2,024. The second greatest value Downtown Carmel apartment is the Rotterdam Model at The Olivia starting at $2,030 with a $1.92 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. |
|---|---|---|---|
| Old Town On The Monon | B1 Kendall | 2BR,2BA | $1.62 |
| The Olivia | Rotterdam | 2BR,2BA | $1.92 |
| Park Lane Apartments | 7183B2 2x1.5 Townhome (1056 sqft) | 2BR,1.5BA | $1.66 |
| L’Etoile Apartments | 1BR/1.0BA | 1BR,1BA | $1.88 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.43 |
| Overture at Proscenium Apartments | Hagen | 1BR,1BA | $1.94 |
| Penn Circle | A4 | 1BR,1BA | $1.98 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.61 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.76 |
| Main Street on the Monon | A2 Walnut | 1BR,1BA | $1.76 |
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
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.
Read ArticleReal 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 Article
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.
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 44 Apartments for Rent in Downtown Carmel, IN with pricing that ranges from $1,010 to $4,466. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carmel ranging from $1,865 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 $1,865 to $6,500 with an average monthly rent of $3,367.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.