220 Maple St
WestfieldIN46074
Cheap Homes for Rent in Shadow Lakes Neighborhood of Carmel, IN from $1,700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Shadow Lakes area of Carmel.
17317 Pine Wood Ln
WestfieldIN46074
503 1st Ave SE
CarmelIN46032
209 Faulkner Ct
CarmelIN46032
209 Faulkner Ct
CarmelIN46032
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.
2014 Tourmaline Dr
WestfieldIN46074
73 Florence St
CarmelIN46032
931 Kimberly Ave
WestfieldIN46074
15324 Mystic Rock Dr
CarmelIN46033
4923 Gilet Dr
NoblesvilleIN46062
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.
17738 Noel St
NoblesvilleIN46062
Showing Results 1-11, 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 | $2,455 | $1,800 | $3,200 |
| Shadow Lakes 3 Bedroom Homes for Rent | $2,445 | $1,700 | $3,250 |
| Shadow Lakes 4 Bedroom Homes for Rent | $3,191 | $2,395 | $3,900 |
| Shadow Lakes 5 Bedroom Homes for Rent | $3,690 | $3,000 | $4,700 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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
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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 Studio unit found at MAIN STREET priced from $1,113. Highpointe on Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,184. Here are the most affordable Shadow Lakes apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAIN STREET | The Maple | Studio,1BA | $1,113 |
| Highpointe on Meridian | U2 Blackburn - 1.1 | 1BR,1BA | $1,184 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,190 |
| Park Lane Apartments | 7183A1 - 1x1 (741 sqft) | 1BR,1BA | $1,199 |
| Pebble Brook Village | Pebble Beach | 1BR,1BA | $1,204 |
Best Value Apartments for Rent in Shadow Lakes, IN
As of February 04, 2026 the best value apartment in the Shadow Lakes area is the $1.68 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,271. The second greatest value Shadow Lakes apartment is the Driftwood Model at Redwood Noblesville Webster Drive starting at $1,849 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. |
|---|---|---|---|
| OLD TOWN ON THE MONON | Carnegie | 3BR,2.5BA | $1.68 |
| Redwood Noblesville Webster Drive | Driftwood | 2BR,2BA | $1.64 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Alexandria of Carmel Apartments | The Ambassador 2 BR 1 BA | 2BR,1BA | $1.73 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.66 |
| Overture at Proscenium Apartments | Scot | Studio ,1BA | $1.72 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1.70 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.59 |
| Bridgewater | The Beeson | 1BR,1BA | $1.66 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
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 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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleShadow Lakes, Carmel, IN
Ranked #2
Among cities in Indiana 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
Frequently Asked Questions about Shadow Lakes
What type of rentals are currently available in Shadow Lakes?
There are currently 57 Apartments for Rent in Shadow Lakes, IN with pricing that ranges from $1,105 to $5,543. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shadow Lakes ranging from $1,700 to $4,700.
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 $1,700 to $4,700 with an average monthly rent of $2,945.
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 $1,465 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,250. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $4,704.
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
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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
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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.
Articles, How-To's, and Tips
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.
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.