17030 S Burntwood Way
WestfieldIN46074
Cheap Homes for Rent in the Shadow Lakes Neighborhood of Carmel, IN from $1,900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Shadow Lakes area of Carmel.
525 E Pine Ridge Dr
WestfieldIN46074
33 Rogers Rd
CarmelIN46032
511 Zephyr Way
WestfieldIN46074
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
17710 Gasparilla Ct
NoblesvilleIN46062
628 Ash Dr
CarmelIN46032
4321 Barrel Ln
WestfieldIN46062
4321 Barrel Ln
WestfieldIN46062
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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Shadow Lakes, Carmel, IN Local Guide
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 | $2,510 | $2,295 | $2,950 |
| Shadow Lakes 3 Bedroom Homes for Rent | $2,605 | $2,025 | $5,200 |
| Shadow Lakes 4 Bedroom Homes for Rent | $2,770 | $1,930 | $4,500 |
| Shadow Lakes 5 Bedroom Homes for Rent | $4,939 | $3,000 | $6,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 3 mile radius of the Shadow Lakes Neighborhood of Carmel, IN.
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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 on the Monon priced from $1,134. Pebble Brook Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,155. Here are the most affordable Shadow Lakes apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Main Street on the Monon | S2 Sassafras | Studio,1BA | $1,134 |
| Pebble Brook Village | Pine Valley | 1BR,1BA | $1,155 |
| Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,212 |
Best Value Apartments for Rent in Shadow Lakes, IN
As of August 16, 2026 the best value apartment in the Shadow Lakes area is the $1.71 price per square foot B2 Monon Model at Old Town On The Monon in the in the Beacon Point neighborhood starting from $2,434. The second greatest value Shadow Lakes apartment is the Rosewood Model at Redwood Noblesville Webster Drive starting at $2,169 with a $1.68 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 | B2 Monon | 2BR,2BA | $1.71 |
| Redwood Noblesville Webster Drive | Rosewood | 2BR,2BA | $1.68 |
| Providence at Old Meridian | 2B2B EatIn Kit Georgetown - Renovated | 2BR,2BA | $1.49 |
| The Olivia | Rome | 2BR,2BA | $1.72 |
| Carmel Woods | The Willows | 2BR,2BA | $1.40 |
| Carmel Landing Apartment Homes | 2-Garden | 2BR,2BA | $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 | $1.65 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.64 |
| Bridgewater | The Beeson | 1BR,1BA | $1.70 |
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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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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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 61 Apartments for Rent in Shadow Lakes, IN with pricing that ranges from $1,010 to $6,169. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shadow Lakes ranging from $1,930 to $6,500.
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 $1,930 to $6,500 with an average monthly rent of $3,033.
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 $1,525 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,025 to $5,200. Four Bedroom Single-Family rentals are also available starting from $1,930 and Four Bedroom Apartments start at $5,424.
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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