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MAIN STREET
60 Knoll CtCarmel, IN 46032
Cheap Apartments for Rent in the Shadow Lakes Neighborhood of Carmel, IN from $700 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Shadow Lakes area of Carmel.
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from $1,2301 to 3 Bedroom Apartments Available Now
The Village on Spring Mill
14637 Handel DrCarmel, IN 46032
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from $1,2641 to 3 Bedroom Apartments Available Now
Providence at Old Meridian
300 Providence BlvdCarmel, IN 46032
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from $1,2811 to 2 Bedroom Apartments Contact Us For Availability
Lakes of Carmel
382 Arbor DrCarmel, IN 46032
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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from $1,2881 to 3 Bedroom Apartments Available Now
Alexandria of Carmel Apartments
1411 Fairfax Manor DrCarmel, IN 46032
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from $1,3281 to 3 Bedroom Apartments Available Now
Carmel Landing Apartment Homes
2223 E 151st StCarmel, IN 46033
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from $1,3541 to 3 Bedroom Apartments Available Now
OLD TOWN ON THE MONON
111 W Main StCarmel, IN 46032
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from $1,390Studio to 3 Bedroom Apartments Available Now
Signature at Carmel
13111 Old Meridian StCarmel, IN 46032
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from $1,3951 to 3 Bedroom Apartments Available Now
Carmel Center
675 Beacon StCarmel, IN 46032
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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from $1,1901 to 3 Bedroom Apartments Available Now
Maple Knoll Apartments
500 Bigleaf Maple WayWestfield, IN 46074
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from $1,3011 to 3 Bedroom Apartments Available Now
Pebble Brook Village
5475 Winding River RdNoblesville, IN 46062
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from $1,319Studio to 2 Bedroom Apartments Available Jul 1
The Union at Grand Junction
170 Jersey StWestfield, IN 46074
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from $1,3341 to 2 Bedroom Apartments Available Now
Flats at Spring Mill Station
510 Morning Oaks DrWestfield, IN 46074
Navigating the Rental Market: Tips for First-Time Renters
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Shadow Lakes, 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 an apartment in Shadow Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shadow Lakes Studio Apartments | $1,394 | $1,141 | $2,153 |
| Shadow Lakes 1 Bedroom Apartments | $1,680 | $1,114 | $3,106 |
| Shadow Lakes 2 Bedroom Apartments | $2,070 | $1,280 | $3,932 |
| Shadow Lakes 3 Bedroom Apartments | $2,372 | $1,608 | $4,424 |
| Shadow Lakes 4 Bedroom Apartments | $2,793 | $2,310 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 3 mile radius of the Shadow Lakes Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Shadow Lakes, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available Shadow Lakes Apartments for Rent
The cheapest available apartment rental in the Shadow Lakes area of Indianapolis, IN is a 1 Bed unit found at MAIN STREET priced from $1,096. Maple Knoll Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,190. Here are the most affordable Shadow Lakes apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAIN STREET | The Walnut | 1BR,1BA | $1,096 |
| Maple Knoll Apartments | The Boxelder | 1BR,1BA | $1,190 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,233 |
| Providence at Old Meridian | 1 Bdrm Extension -Renovated | 1BR,1BA | $1,264 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1,285 |
Best Value Apartments for Rent in Shadow Lakes, IN
As of May 28, 2025 the best value apartment in the Shadow Lakes area is the $1.85 price per square foot Sydney Model at Overture at Proscenium Apartments in the in the Beacon Point neighborhood starting from $2,402. The second greatest value Shadow Lakes apartment is the Accapella (7175A2 1x1 - 890 sqft) Model at Mezz 42 starting at $1,530 with a $1.72 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Shadow Lakes apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.85 |
| Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.72 |
| Park Lane Apartments | 7183B3 2x2 (876 sqft) | 2BR,2BA | $1.71 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.61 |
| Pebble Brook Village | St. Andrews | 2BR,1BA | $1.66 |
| MAIN STREET | The Mulberry - Upgraded | 2BR,1BA | $1.69 |
| Carmel Woods | The Cypress | 1BR,1BA | $1.54 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1.65 |
| Maple Knoll Apartments | The Hawthorne | 1BR,1BA | $1.89 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.69 |
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Pet Friendly LifestyleShadow Lakes, Carmel, IN
Ranked #2
Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Shadow Lakes, Carmel, IN
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you comprehensive Lifestyle Ratings of rentals in areas across the United States including Shadow Lakes, Carmel, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendliness, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Shadow Lakes Apartments
How much is rent for a Cheap One Bedroom Shadow Lakes Apartment?
The lowest price for a Cheap One Bedroom Shadow Lakes Apartment is $1,096 at MAIN STREET.
What is the lowest price for a Cheap Two Bedroom Shadow Lakes Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shadow Lakes is starting from $1,366 at MAIN STREET.
What is the most affordable Shadow Lakes Three Bedroom Apartment?
The best deal on a cheap Shadow Lakes Three Bedroom Apartment rental is at Carmel Woods and starts from $1,608.
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.
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.
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.
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.
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.