140 N Cherry St
WestfieldIN46074
Cheap Homes for Rent in Shadow Lakes Neighborhood of Carmel, IN from $1,100 (28 Rentals)
Search the lowest-cost Homes available for rent right now in the Shadow Lakes area of Carmel.
421 Lark Ct
CarmelIN46032
421 Lark Ct
CarmelIN46032
12584 Tennyson Ln
CarmelIN46032
604 Southridge Ct
WestfieldIN46074
573 Farnham Dr
WestfieldIN46074
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.
511 Zephyr Way
WestfieldIN46074
435 Grabill Dr
WestfieldIN46074
12598 Tennyson Ln
CarmelIN46032
15037 Oak Rd
CarmelIN46033
403 Autumn Dr
CarmelIN46032
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.
430 E Pine Ridge Dr
WestfieldIN46074
1229 Middlebury Dr
WestfieldIN46074
622 Rockport Pl
WestfieldIN46074
16316 Bay Meadow Cir
WestfieldIN46074
327 S Union St
WestfieldIN46074
372 E Pine Ridge Dr
WestfieldIN46074
18 Spring Lake Dr
WestfieldIN46074
429 E Pine Ridge Dr
WestfieldIN46074
1046 Swinton Way
WestfieldIN46074
1925 Tourmaline Dr
WestfieldIN46074
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.
12772 Crescent Dr
CarmelIN46032
1763 Trinity Ln
WestfieldIN46074
81 W Quail Wood Ln
WestfieldIN46074
941 Kimberly Ave
WestfieldIN46074
16705 Greensboro Dr
WestfieldIN46074
4321 Barrel Ln
WestfieldIN46062
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
1333 Ashville Dr
WestfieldIN46074
Showing Results 1-28, Page 1 of 1
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 a home in Shadow Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shadow Lakes 2 Bedroom Homes for Rent | $1,669 | $1,100 | $2,295 |
| Shadow Lakes 3 Bedroom Homes for Rent | $2,378 | $1,820 | $4,000 |
| Shadow Lakes 4 Bedroom Homes for Rent | $3,537 | $2,400 | $4,900 |
| Shadow Lakes 5 Bedroom Homes for Rent | $7,254 | $2,895 | $10,000+ |
| Shadow Lakes 7 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 28 rentals with your search options within a 3 mile radius of the Shadow Lakes Neighborhood of Carmel, IN.
Explore Carmel
Shadow Lakes, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Highpointe on Meridian priced from $1,048. MAIN STREET has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,164. Here are the most affordable Shadow Lakes apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highpointe on Meridian | U2 Blackburn - 1.1 | 1BR,1BA | $1,048 |
| MAIN STREET | The Walnut | 1BR,1BA | $1,164 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,277 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,280 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1,290 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1,292 |
| Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1,299 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1,303 |
| The Union at Grand Junction | Midland | Studio,1BA | $1,319 |
| Pebble Brook Village | Bay Hill | 2BR,1BA | $1,336 |
Best Value Apartments for Rent in Shadow Lakes, IN
As of July 13, 2025 the best value apartment in the Shadow Lakes area is the $1.54 price per square foot B5 Model at Penn Circle in the in the Beacon Point neighborhood starting from $1,689. The second greatest value Shadow Lakes apartment is the 114 1st St SE Model at 114 1st St SE, Unit Carmel art starting at $1,600 with a $1.64 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. |
|---|---|---|---|
| Penn Circle | B5 | 2BR,2BA | $1.54 |
| 114 1st St SE, Unit Carmel art | 114 1st St SE | 2BR,1BA | $1.64 |
| Mezz 42 | Coda (7175A3 1x1 - 950 sqft) | 1BR,1BA | $1.47 |
| Pebble Brook Village | Cypress Pointe | 2BR,1BA | $1.53 |
| Park Lane Apartments | 7183B3 2x2 (876 sqft) | 2BR,2BA | $1.71 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.58 |
| Carmel Woods | The Cypress | 1BR,1BA | $1.59 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1.64 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.70 |
| MAIN STREET | The Walnut | 1BR,1BA | $1.79 |
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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Frequently Asked Questions about Shadow Lakes
What type of rentals are currently available in Shadow Lakes?
There are currently 55 Apartments for Rent in Shadow Lakes, IN with pricing that ranges from $1,149 to $4,529. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shadow Lakes ranging from $1,100 to $29,000.
What is the current price range for Rental Homes in Shadow Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shadow Lakes ranges from $1,100 to $29,000 with an average monthly rent of $4,047.
How much are larger Three and Four Bedroom Rentals in Shadow Lakes?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Shadow Lakes range from $1,669 to $4,529, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,820 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,200.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.