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3 Bedroom Apartments for Rent in Carmel, IN - 50 Rentals available

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Carmel, IN Demographics

  • Total Population85,367
  • Female 40,865
    Male 44,502
  • Median Age39.2

Average Rent for 3 Bedroom apartments in Carmel, IN

  • The average rent for a 3 Bedroom apartment in Carmel, IN, June, 2018$1,070/mo
  • 1 Bedroom$922
  • 2 Bedrooms$1,129
  • 3 Bedrooms$1,353

Carmel, IN 3 Bedroom Apartment Rent Ranges

  • $701-$1,0006%
  • $1,001-$1,50078%
  • $1,501-$2,00010%
  • > $2,0007%

Carmel, IN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jun / 2018 $1,070 $1,353
Sept / 2017 $1,059 $1,317
May / 2017 $1,072 $1,337
Jan / 2017 $1,071 $1,332
Sept / 2016 $1,070 $1,330
May / 2016 $1,060 $1,348
Jan / 2016 $1,056 $1,354
Sept / 2015 $1,045 $1,305
May / 2015 $1,042 $1,327
Jan / 2015 $1,016 $1,263
/

Check out the average rent prices in Carmel by neighborhood.

Carmel, IN Households

  • Total Number of Households31,462
  • Children 12,838
    No Children 18,624
  • Average People Per Household2.7
  • Median Household Income$106,433
  • Median Housing Costs Per Month$1,469

Carmel, IN Education Statistics

  • No High School1%
  • Some High School14%
  • Some College15%
  • Associate Degree4%
  • Bachelor Degree38%
  • Graduate Degree28%

Renting a 3 bedroom apartment in Carmel, IN

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,148 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Carmel, IN, rents on 3 bedroom apartments go up to $2,209. 9 rental properties offer 3 bedroom units in Carmel, IN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Carmel, IN

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $809 in Carmel, IN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.