12840 University Crescent
CarmelIN46032
Cheap Homes for Rent in Carmel, IN from $1,100 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Carmel.
10941 Cornell Ave
IndianapolisIN46280
1117 Canterbury Ct
IndianapolisIN46260
10209 Broadway St
IndianapolisIN46280
4027 Much Marcle Dr
ZionsvilleIN46077
11437 Enclave Blvd
FishersIN46038
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.
102 Village Green Ln
CarmelIN46032
8382 Enclave Blvd
FishersIN46038
9467 Wimbledon Ct
IndianapolisIN46250
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$1,757Studio Apartments Available Now
Furnished Studio-Indianapolis - Northwest - I-465
9370 Waldemar RdIndianapolis, IN 46268
2502 Chaseway Ct
IndianapolisIN46268
10927 Lemongrass Dr
ZionsvilleIN46077
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.
10909 College Pl Dr
IndianapolisIN46280
6655 Fairway Ave
IndianapolisIN46250
9766 Prairie Smoke Dr
NoblesvilleIN46060
13980 Bruddy Dr
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209 Faulkner Ct, Unit 205
209 Faulkner Ct
CarmelIN46032
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Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Carmel, IN Local Guide
How much does it cost to rent a home in Carmel?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carmel 2 Bedroom Homes for Rent | $1,891 | $1,220 | $2,599 |
| Carmel 3 Bedroom Homes for Rent | $2,414 | $1,551 | $3,895 |
| Carmel 4 Bedroom Homes for Rent | $2,952 | $1,980 | $4,200 |
| Carmel 5 Bedroom Homes for Rent | $5,016 | $3,600 | $6,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Carmel, IN Local Guide
- Carmel Neighborhoods
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Cheapest Neighborhoods for Apartments in Carmel, IN
Pricing Updated: 04/01/2026Current 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 | $2,002 | $950 | 213 |
Cheapest Available Carmel Apartments for Rent
The cheapest available apartment rental in Carmel, IN is a Studio unit found at King's Reserve College Park 55+ Active Living in the Spring Arbor neighborhood priced from $699. Dogwood Glen in the Spring Arbor neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here is today’s list of the most affordable Carmel apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $699 |
| Dogwood Glen | Studio 1 Bath | Studio,1BA | $715 |
| Carlton Apartments | Villa | 1BR,1BA | $800 |
| Reflections Apartments | Replica | Studio,1BA | $824 |
| The Hub at Nora | Studio - The Core | Studio,1BA | $829 |
Best Value Apartments for Rent in Carmel, IN
As of April 01, 2026 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 Two Bedroom TH Model at Woodland Springs Apartment Homes starting at $1,797 with a $1.12 price per square foot in the Spring Mill 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 |
| Woodland Springs Apartment Homes | Two Bedroom TH | 2BR,2.5BA | $1.12 |
| Willow Lake Apartments | Cumberland | 2BR,2BA | $1.34 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.17 |
| The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.32 |
| The Grove on Harcourt | 1x1,5 Upgrade | 1BR,1.5BA | $1.16 |
| Carlyle Court | Two Bedroom One Bathroom (CN1) | 2BR,1BA | $1.32 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.20 |
| Scandia Apartments | Tivoli | 1BR,1BA | $1.27 |
| ReNew at the Crossing | 1x1 | 1BR,1BA | $1.22 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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
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Carmel, INPopulation: 93,510
Ranked #348
in US Census Population by City
Best Local Schools in Carmel, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Carmel
What type of rentals are currently available in Carmel?
There are currently 169 Apartments for Rent in Carmel, IN with pricing that ranges from $699 to $8,095. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carmel ranging from $1,195 to $6,500.
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 $1,195 to $6,500 with an average monthly rent of $2,693.
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 $1,360 to $8,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,551 to $3,895. Four Bedroom Single-Family rentals are also available starting from $1,980 and Four Bedroom Apartments start at $5,032.
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.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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.