Cheap Homes for Rent in Carmel, IN from $1,400 (56 Rentals)

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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.

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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.

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property at 4419 Deerview Ct

4419 Deerview Ct

IndianapolisIN46268

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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.

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Carmel, IN Local Guide

Cheapest Neighborhoods for Apartments in Carmel, IN

Pricing Updated: 06/12/2025

Current apartment rentals in the Carmel, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Carmel Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Carmel$2,428$1,149204

Cheapest Available Carmel Apartments for Rent

 

The cheapest available apartment rental in Carmel, IN is a 3 Beds unit found at Grove on Harcourt in the Spring Arbor neighborhood priced from $798. The Hub at Nora in the Nora neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Carmel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grove on Harcourt3 Bed 2 Bath Apartment - Upgraded3BR,2BA$798
The Hub at NoraStudio - 441 Sq FtStudio,1BA$800
Turtle CreekStudioStudio,1BA$817
Scandia ApartmentsDannenborg1BR,1BA$894
Reflections ApartmentsMusingsStudio,1BA$894
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$996
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,008
College Courts1 Bed/1 Bath Up (A)1BR,1BA$1,034
The EclipsePhoenix - Upgraded1BR,1BA$1,050
Oak Lake at Crooked CreekCanopy1BR,1BA$1,062

Best Value Apartments for Rent in Carmel, IN

As of June 12, 2025 the best value apartment in the Carmel area is the $1.32 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value Carmel apartment is the Trenton Model at Casey Corner Townhomes starting at $2,300 with a $1.35 price per square foot in the Countryside/Richter`s Corner neighborhood. Here is today’s list of the best values for Carmel apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on MeridianTwo Bedroom with Bonus Room (7176B2)2BR,2BA$1.32
Casey Corner TownhomesTrenton3BR,2.5BA$1.35
Wentworth at WestClay CondominiumsCambridge2BR,2BA$1.32
Ivy Knoll Apartments2Bd/2Ba Up W/D2BR,2BA$1.15
North Willow2 Bed/1 Bath-Dn2BR,1BA$1.28
Sanctuary at FishersThe Serenity2BR,2BA$1.28
Grove on 79th1 Bed 1.5 Bath Apartment - Renovated1BR,1.5BA$1.21
The Retreat Northwest2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$1.20
Grove on Harcourt1 Bed 1.5 Bath Large Apartment1BR,1.5BA$1.22
Scandia ApartmentsTivoli1BR,1BA$1.17

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.

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Frequently Asked Questions about Carmel

What type of rentals are currently available in Carmel?

There are currently 163 Apartments for Rent in Carmel, IN with pricing that ranges from $405 to $11,323. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carmel ranging from $1,490 to $14,500.

What is the current price range for Rental Homes in Carmel?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Carmel ranges from $1,490 to $14,500 with an average monthly rent of $3,793.

How much are larger Three and Four Bedroom Rentals in Carmel?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Carmel range from $798 to $11,323, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,825 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $1,690.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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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.