Cheap Apartments for Rent in the Traditions on the Monon Neighborhood of Carmel, IN from $1,010 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Traditions on the Monon area of Carmel.

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
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Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Traditions on the Monon, Carmel, IN Local Guide

Cheapest Available Traditions on the Monon Apartments for Rent

 

The cheapest available apartment rental in the Traditions on the Monon area of Indianapolis, IN is a 1 Bed unit found at Main Street on the Monon priced from $1,144. The Gallery Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,183. Here are the most affordable Traditions on the Monon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Main Street on the MononA2 Walnut1BR,1BA$1,144
The Gallery ApartmentsDaVinci1BR,1BA$1,183
GramercyVerde (1.10A)1BR,1BA$1,224
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,280
Governor SquareDurbin - Renovated1BR,1BA$1,317
Midtown Flats1 Bedroom, 1 BathroomStudio,1BA$1,328
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1,331
Alexandria of Carmel ApartmentsThe Diplomat 1 BR 1 BA1BR,1BA$1,380
VER at Proscenium ApartmentsThe Richard1BR,1BA$1,399
Mezz 42Fermata - 7175S1 Studio (605 sqft) A2Studio,1BA$1,399

Best Value Apartments for Rent in Traditions on the Monon, IN

As of August 27, 2026 the best value apartment in the Traditions on the Monon area is the $1.26 price per square foot 10770 Central Ave Model at 10770 Central Ave, Unit 10770 in the in the Carmel neighborhood starting from $1,895. The second greatest value Traditions on the Monon apartment is the B1 Kendall Model at Old Town On The Monon starting at $2,024 with a $1.62 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Traditions on the Monon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
10770 Central Ave, Unit 1077010770 Central Ave3BR,2BA$1.26
Old Town On The MononB1 Kendall2BR,2BA$1.62
Carmel Landing Apartment Homes2-Garden2BR,2BA$1.54
Governor SquareDurbin - Renovated1BR,1BA$1.46
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1.71
The Village on Spring MillPurcell - 1 bed 1 bath - Renovated1BR,1BA$1.63
Overture at Proscenium ApartmentsScotStudio ,1BA$1.72
Harmony Apartment HomesConcerto A 1.1.51BR,1.5BA$1.81
GramercyVerde (1.10A)1BR,1BA$1.61
Main Street on the MononA2 Walnut1BR,1BA$1.76

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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Best Local Schools in
Traditions On The Monon, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Carmel. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, family-friendliness, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Traditions on the Monon Apartments

What is a cheap apartment in Traditions on the Monon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Traditions on the Monon is under $1,399.

What is the price of a cheap apartment in Traditions on the Monon?

The cheapest apartment in Traditions on the Monon is Main Street on the Monon which is listed at $1,144, while the average apartment in Traditions on the Monon costs $1,734.

What types of apartments are the cheapest in Traditions on the Monon?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Traditions on the Monon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Traditions on the Monon?

Cheap apartments in Traditions on the Monon have an average cost of $248 which is $1,486 cheaper than the average rent for all rentals in Traditions on the Monon.

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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