3712 Oil Creek Dr
IndianapolisIN46268
Cheap Homes for Rent in Carmel, IN from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Carmel.
8056 Pebble Creek Ct
IndianapolisIN46268
8056 Pebble Creek Ct
IndianapolisIN46268
10614 McPherson St
IndianapolisIN46280
12926 University Crescent
CarmelIN46032
8502 Canterbury Square W
IndianapolisIN46260
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.
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$1,4561 Bedroom Apartments Available Dec 20, 2028
4825 Cameron Ridge Dr
4825 Cameron Ridge DrIndianapolis, IN 46240
12938 University Crescent
CarmelIN46032
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$1,5631 Bedroom Apartments Available Dec 28
4714 Cameron Ridge Dr
4714 Cameron Ridge DrIndianapolis, IN 46240
1107 E 105th St
IndianapolisIN46280
10790 Ruckle St
IndianapolisIN46280
10790 Ruckle St
CarmelIN46280
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.
1107 E 105th St
IndianapolisIN46280
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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 | $2,047 | $1,285 | $3,200 |
| Carmel 3 Bedroom Homes for Rent | $2,391 | $1,604 | $3,750 |
| Carmel 4 Bedroom Homes for Rent | $2,931 | $1,829 | $5,500 |
| Carmel 5 Bedroom Homes for Rent | $4,020 | $2,110 | $8,950 |
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: 12/21/2025Current 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 | $2,110 | $1,105 | 232 |
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. Slate Run Lofts and Apartments in the Spring Arbor 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hub at Nora | Studio - The Core | Studio,1BA | $699 |
| Slate Run Lofts and Apartments | Studio-Apts | Studio,1BA | $800 |
| Riverbend Apartments | Madrid | 1BR,1BA | $832 |
| Carlton Apartments | Cottage | 1BR,1BA | $840 |
| College Courts | 1 Bed/1 Bath Up (A) | 1BR,1BA | $844 |
Best Value Apartments for Rent in Carmel, IN
As of December 22, 2025 the best value apartment in the Carmel area is the $1.18 price per square foot 7176B1 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 | 7176B1 | 2BR,2BA | $1.18 |
| Casey Corner Townhomes | Trenton | 3BR,2.5BA | $1.35 |
| Governor Square | 2 bed 2.5 bath Townh Renovated - Ralston | 2BR,2.5BA | $1.05 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.25 |
| The Retreat Northwest | 3 Bedroom 2 Bathroom 1157 Sq. Ft. | 3BR,2BA | $1.25 |
| Carlyle Court | Two Bedroom Two Bathroom (C3) | 2BR,2BA | $1.01 |
| The Grove on 79th | 1x1,5 Townhome Renovated | 1BR,1.5BA | $1.20 |
| The Grove on Harcourt | 1x1,5 Large Renovated | 1BR,1.5BA | $1.14 |
| Sanctuary at Fishers | The Harmony | 1BR,1BA | $1.36 |
| Scandia Apartments | Tivoli | 1BR,1BA | $1.21 |
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.
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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 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
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Pet Friendly LifestyleCarmel, IN
Ranked #2
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 165 Apartments for Rent in Carmel, IN with pricing that ranges from $695 to $6,754. There are also 135 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carmel ranging from $400 to $8,950.
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 $400 to $8,950 with an average monthly rent of $2,469.
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
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.
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.
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!