Cheap Homes for Rent in Downtown Carmel Neighborhood of Carmel, IN from $2,100 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Carmel area of Carmel.

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Downtown Carmel, Carmel, IN Local Guide

Cheapest Available Downtown Carmel Apartments for Rent

 

The cheapest available apartment rental in the Downtown Carmel area of Carmel, IN is a 1 Bed unit found at Carmel Woods priced from $1,169. MAIN STREET has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,239. Here are the most affordable Downtown Carmel apartments for rent in Carmel, IN:

Apartment ListingModel NameBed/BathPriced From
Carmel WoodsThe Cypress1BR,1BA$1,169
MAIN STREETThe Elm-Up1BR,1BA$1,239
GramercyVerde (1.10 A)1BR,1BA$1,270

Best Value Apartments for Rent in Downtown Carmel, IN

As of July 25, 2025 the best value apartment in the Downtown Carmel area is the $1.33 price per square foot 2 bedroom 2 bathroom Renovated -Marshall Model at Governor Square in the in the Spring Mill neighborhood starting from $1,641. The second greatest value Downtown Carmel apartment is the The Monterey Pine Model at Carmel Woods starting at $1,608 with a $1.53 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Governor Square2 bedroom 2 bathroom Renovated -Marshall2BR,2BA$1.33
Carmel WoodsThe Monterey Pine3BR,2BA$1.53
114 1st St SE, Unit Carmel art114 1st St SE2BR,1BA$1.64
Alexandria of Carmel ApartmentsThe Congressional 2 BR 1 BA2BR,1BA$1.77
Muse CarmelVillinski1BR,1BA$1.82
Penn CircleA101BR,1BA$1.68
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1.66
GramercyVerde (1.10 A)1BR,1BA$1.67
The OliviaAmsterdam1BR,1BA$1.81

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Frequently Asked Questions about Downtown Carmel

What type of rentals are currently available in Downtown Carmel?

There are currently 41 Apartments for Rent in Downtown Carmel, IN with pricing that ranges from $1,159 to $4,594. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carmel ranging from $2,150 to $4,900.

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 $2,150 to $4,900 with an average monthly rent of $3,456.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.