3712 Oil Creek Dr
IndianapolisIN46268
Cheap Homes for Rent in Carmel, IN from $300 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Carmel.
10614 McPherson St
IndianapolisIN46280
1117 Canterbury Ct
IndianapolisIN46260
12938 University Crescent
CarmelIN46032
6010 S Bay Dr
IndianapolisIN46250
9479 Sandpiper W Dr
IndianapolisIN46268
1107 E 105th St
IndianapolisIN46280
10790 Ruckle St
IndianapolisIN46280
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.
10790 Ruckle St
CarmelIN46280
1107 E 105th St
IndianapolisIN46280
8382 Enclave Blvd
FishersIN46038
close
View Me
$1,710Studio Apartments Available Now
Furnished Studio-Indianapolis - Northwest - I-465
9370 Waldemar RdIndianapolis, IN 46268
1070 Sedona Pass
IndianapolisIN46280
10808 Ruckle St
IndianapolisIN46280
503 1st Ave SE
CarmelIN46032
6655 Fairway Ave
IndianapolisIN46250
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.
14253 Prairie Meadows Dr
NoblesvilleIN46060
10717 N Park Ave
IndianapolisIN46280
10717 N Park Ave
IndianapolisIN46280
13980 Bruddy Dr
FishersIN46038
209 Faulkner Ct
CarmelIN46032
209 Faulkner Ct
CarmelIN46032
11705 Chant Ln
ZionsvilleIN46077
6625 Sunloch Ct
IndianapolisIN46250
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
10909 College Pl Dr
IndianapolisIN46280
9743 Prairie Smoke Dr
NoblesvilleIN46060
9639 Prairie Smoke Dr
NoblesvilleIN46060
4023 Much Marcle Dr
ZionsvilleIN46077
3811 Oil Creek Dr
IndianapolisIN46268
8520 Lincoln Ct
FishersIN46038
507 Conner Creek Dr
FishersIN46038
507 Conner Creek Dr
FishersIN46038
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.
3516 Thomas Jefferson St
CarmelIN46074
Showing Results 1-33, Page 1 of 1
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 Carmel?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carmel 2 Bedroom Homes for Rent | $1,993 | $1,285 | $3,200 |
| Carmel 3 Bedroom Homes for Rent | $2,525 | $1,750 | $6,200 |
| Carmel 4 Bedroom Homes for Rent | $2,895 | $1,980 | $3,900 |
| Carmel 5 Bedroom Homes for Rent | $3,572 | $2,295 | $7,900 |
| Carmel 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
| Carmel 7 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent in Carmel
Explore Carmel
Carmel, IN Local Guide
- Carmel Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Carmel, IN
Pricing Updated: 02/06/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Carmel | $2,349 | $1,105 | 244 |
Cheapest Available Carmel Apartments for Rent
The cheapest available apartment rental in Carmel, IN is a Studio unit found at The Hub at Nora in the Nora neighborhood priced from $699. Carlton Apartments in the Spring Arbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Carmel apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hub at Nora | Studio - The Core | Studio,1BA | $699 |
| Carlton Apartments | Villa | 1BR,1BA | $800 |
| Slate Run Lofts and Apartments | Studio-Apts | Studio,1BA | $800 |
| Reflections Apartments | Expressions | Studio,1BA | $844 |
| King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $844 |
| Turtle Creek | Studio | Studio,1BA | $859 |
| River Road Apartments | Villa | 1BR,1BA | $880 |
| Riverbend Apartments | Radiance | 1BR,1BA | $926 |
| Woodbridge Castleton | 1 Bedroom Apartment | 1BR,1BA | $958 |
| Summerwood on Towne Line Apartments | Poplar | 1BR,1BA | $960 |
Best Value Apartments for Rent in Carmel, IN
As of February 06, 2026 the best value apartment in the Carmel area is the $1.18 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinnacle on Meridian | Two Bedroom with Bonus Room (7176B2) | 2BR,2BA | $1.18 |
| Casey Corner Townhomes | Trenton | 3BR,2.5BA | $1.35 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.25 |
| North Willow | 2 Bed/1 Ba w/FP-Up | 2BR,1BA | $1.30 |
| Scandia Apartments | Landsting | 2BR,2BA | $1.09 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.38 |
| Sunblest Apartments | 2B-Mudsock | 2BR,2BA | $1.31 |
| The Grove on Harcourt | 1x1,5 Renovated | 1BR,1.5BA | $1.21 |
| Carlyle Court | Two Bedroom One Bathroom (CN2) | 2BR,1BA | $1.14 |
| Woodbridge Castleton | 1 Bedroom Apartment | 1BR,1BA | $1.36 |
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
The 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 ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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 Carmel area?
If you’re an expert on all things Carmel, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Carmel, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Carmel, IN Rentals by Map
See the most popular apartments and homes in Carmel, IN
Frequently Asked Questions about Carmel
What type of rentals are currently available in Carmel?
There are currently 167 Apartments for Rent in Carmel, IN with pricing that ranges from $699 to $7,399. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carmel ranging from $390 to $7,900.
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 $390 to $7,900 with an average monthly rent of $2,899.
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.