Apartments for Rent in the Shadow Lakes Neighborhood of Carmel, IN (92 Rentals)

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 235 3rd Ave NE

$6,500

Total Monthly Price

Total Monthly Price

Base Rent
$6,500
Total Monthly Price
$6,500

5 Bedroom, 3.5 Bath Home for Rent

Available Now

235 3rd Ave NE

CarmelIN46032
property at 12754 Crescent Dr

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

3 Bedroom, 2.5 Bath Home for Rent

Available Now

12754 Crescent Dr

CarmelIN46032

Neighborhood & Market Insights: How to Choose the Right Area to Rent

Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

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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 738 Howe Dr

$3,400

Total Monthly Price

Total Monthly Price

Base Rent
$3,400
Total Monthly Price
$3,400

4 Bedroom, 3 Bath Home for Rent

Available Now

738 Howe Dr

CarmelIN46032
property at 3873 Crest Point Dr

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

4 Bedroom, 2.5 Bath Home for Rent

Available Now

3873 Crest Point Dr

WestfieldIN46062

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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Showing Results 1-50, Page 1 of 2

Shadow Lakes, Carmel, IN Local Guide

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Shadow Lakes, Carmel, IN

Ranked #2

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Shadow Lakes, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Shadow Lakes, Carmel, and the greater Indianapolis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, apartment complexes for the kids, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Family-Friendly Rating

Do you have a family with young ones? Amongst all of the neighborhoods in Carmel, this area is one of the A-list communities for families, with a score of 4.0 out of 4. Family Friendly ratings are based on community features and environments that help parents and children to thrive. This includes features like parks, recreation and A/V rooms, trails, and great school districts.

Outdoors Rating

For some, access to parks and green spaces is very important. Shadow Lakes is a highly-rated submarket for its many the great outdoors, with a score of 4.0 out of 4.

Luxury Living Rating

This residential submarket is known as one of our favorite higher-end communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like olympic-sized pools, concierge services, gardens, nearby parks, and quartz countertops in the kitchen with high-end appliances. Luxury neighborhoods also often offer wood-burning fireplaces, sports like tennis and raquetball, and a full-time security staff or doorman.

Pet Friendly Rating

Do you have dogs or cats? this area of town has established a name for itself as one of the best submarkets for renting with pets, with a score of 4.0 out of 4.

Frequently Asked Questions about Shadow Lakes

What is the current pricing and availability for apartments for rent in the Shadow Lakes area of Carmel, IN?

As of today, July 27, 2026, there are currently 92 available Shadow Lakes apartments priced from $1,010 to $6,064, with an average monthly rent of $1,838.

How much are Studio apartments in Shadow Lakes?

There are currently 13 Studio Apartments in Shadow Lakes with rent ranges from $1,078 to $2,087 with an average price of $1,478.

What is the current price range for One Bedroom Shadow Lakes Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Shadow Lakes ranges from $1,010 to $2,577 with an average monthly rent of $1,624.

What does renting a Two Bedroom Apartment in Shadow Lakes cost?

The monthly rent prices of Two Bedroom Apartments currently available in Shadow Lakes range from $1,200 to $4,282. Today's average rental price for Two Bedrooms here is $2,075.

How expensive are Shadow Lakes Three Bedroom Apartments?

There are currently 31 Three Bedroom Apartments listings available in Shadow Lakes on ApartmentHomeLiving.com. The pricing ranges from $1,525 to $4,466 - averaging $2,514 for the location.

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.

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