17257 Gunther Blvd
WestfieldIN46074
Cheap Homes for Rent in Shadow Lakes Neighborhood of Carmel, IN from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Shadow Lakes area of Carmel.
102 Village Green Ln
CarmelIN46032
209 Faulkner Ct, Unit 205
209 Faulkner Ct
CarmelIN46032
2014 Tourmaline Dr
WestfieldIN46074
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.
14610 Village Park E Dr
CarmelIN46033
17378 Austrian Pine Way
WestfieldIN46074
151 E Pine Ridge Dr
WestfieldIN46074
3044 Village Park N Dr
CarmelIN46033
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.
Showing Results 1-8, Page 1 of 1
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 | $1,923 | $1,595 | $2,500 |
| Shadow Lakes 3 Bedroom Homes for Rent | $2,516 | $1,950 | $3,895 |
| Shadow Lakes 4 Bedroom Homes for Rent | $2,931 | $2,200 | $3,795 |
| Shadow Lakes 5 Bedroom Homes for Rent | $4,350 | $3,150 | $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 $1,064. Carmel Landing Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,240. 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 | Maple | Studio,1BA | $1,064 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,240 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Shadow Lakes, IN
As of March 25, 2026 the best value apartment in the Shadow Lakes area is the $1.52 price per square foot Vienna Model at Overture at Proscenium Apartments in the in the Beacon Point neighborhood starting from $1,999. The second greatest value Shadow Lakes apartment is the Rosewood Model at Redwood Noblesville Webster Drive starting at $1,944 with a $1.50 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 | Vienna | 2BR,2BA | $1.52 |
| Redwood Noblesville Webster Drive | Rosewood | 2BR,2BA | $1.50 |
| Park Lane Apartments | 7183C1 3x1.5 Townhome (1280 sqft) | 3BR,1.5BA | $1.72 |
| Cottages at Sanders Glen | 7177A1 | 1BR,1BA | $1.66 |
| Carmel Woods | The Willows | 2BR,2BA | $1.57 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.67 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1.70 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.64 |
| Harmony Apartment Homes | Bass 1.1 | 1BR,1BA | $1.68 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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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 59 Apartments for Rent in Shadow Lakes, IN with pricing that ranges from $1,064 to $5,853. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shadow Lakes ranging from $1,595 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 $1,595 to $6,500 with an average monthly rent of $2,930.
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 $1,520 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,895. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $5,654.
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
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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.
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Articles, How-To's, and Tips
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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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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.