
Cheap Homes for Rent in Traditions on the Monon Neighborhood of Carmel, IN from $1,900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Traditions on the Monon area of Carmel.


1059 Timber Creek Dr
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.

12656 Crescent Dr

450 Sheets Dr
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.

513 Aberdeen St
Traditions on the Monon, Carmel, IN Local Guide

How much does it cost to rent a home in Traditions on the Monon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Traditions on the Monon 2 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| Traditions on the Monon 3 Bedroom Homes for Rent | $2,280 | $1,950 | $2,500 |
| Traditions on the Monon 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Traditions on the Monon Neighborhood of Carmel, IN.
Explore Carmel
Traditions on the Monon, Carmel, IN Local Guide
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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 Carmel Landing Apartment Homes priced from $1,115. Main Street on the Monon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,144. Here are the most affordable Traditions on the Monon apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,115 |
| Main Street on the Monon | Walnut 1.1 | 1BR,1BA | $1,144 |
| Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,215 |
Best Value Apartments for Rent in Traditions on the Monon, IN
As of April 12, 2026 the best value apartment in the Traditions on the Monon area is the $1.12 price per square foot Two Bedroom TH Model at Woodland Springs Apartment Homes in the in the Spring Mill neighborhood starting from $1,797. The second greatest value Traditions on the Monon apartment is the Vienna Model at Overture at Proscenium Apartments starting at $1,999 with a $1.52 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Woodland Springs Apartment Homes | Two Bedroom TH | 2BR,2.5BA | $1.12 |
| Overture at Proscenium Apartments | Vienna | 2BR,2BA | $1.52 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.48 |
| Penn Circle | A5 | 1BR,1BA | $1.77 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.75 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.20 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.74 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1.72 |
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.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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
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.
Best Local Schools in Traditions On The Monon, Carmel, IN
School data provided by Great Schools
Frequently Asked Questions about Traditions on the Monon
What type of rentals are currently available in Traditions on the Monon?
There are currently 37 Apartments for Rent in Traditions on the Monon, IN with pricing that ranges from $950 to $4,466. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Traditions on the Monon ranging from $1,900 to $2,500.
What is the current price range for Rental Homes in Traditions on the Monon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Traditions on the Monon ranges from $1,900 to $2,500 with an average monthly rent of $2,226.
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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Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.