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Cheap Apartments for Rent in Carmel, IN

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  • Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200 Apartments Under $1,300

  • Apartments Under $800

  • Rent specials New Units Available
    Studio $731+
    1 bd $900+
    2 bd $1,100+
    Base rent
    Verified Listing

    Lake Castleton Apartments

    4.0 (2)
    7601 Carlton Arms Dr, Indianapolis, IN 46256
    Apply online • Pet friendly • Fitness center
  • 1 bd $786+
    2 bd $1,110+
    3 bd $1,474+
    Base rent
    Verified Listing

    Westbury Court

    3.5 (18)
    7747 Santa Monica Drive, Indianapolis, IN 46268
    Apply online • Pet friendly • Parking

  • Apartments Under $900

  • 1 bd $802+
    2 bd $1,071+
    Base rent
    Verified Listing

    Carlyle Court

    4.0 (31)
    951 Carlyle Lane, Indianapolis, IN 46240
    Pet friendly • Parking • Pool
  • 1 bd $802+
    2 bd $1,071+
    Base rent
    Verified Listing

    Hampshire Court

    4.5 (25)
    2455 Rolls Drive, Indianapolis, IN 46268
    Pet friendly • Parking • In unit laundry

  • Apartments Under $1,000

  • Rent specials
    Studio $900+
    1 bd $970+
    2 bd $1,045+
    Base rent
    Verified Listing

    Pickwick Farms Apartments

    4.5 (125)
    1540 Handball Lane, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • Rent specials
    1 bd $924+
    2 bd $1,108+
    3 bd $1,625+
    Base rent
    Verified Listing

    Veridian Castleton

    3.5 (24)
    7503 Ivywood Circle, Indianapolis, IN 46250
    Apply online • Pet friendly • Fitness center
  • 21 units available
    1 bd $930+
    2 bd $1,350
    3 bd $1,600
    Base rent Income restricted
    Verified Listing

    Cambridge Square North

    4.0 (21)
    7110 Township Line Road, Indianapolis, IN 46260
    Apply online • Pet friendly • Parking

  • More Rentals Near Carmel, IN

  • New Units Available 40 units available
    1 bd $949+
    2 bd $1,027+
    3 bd $1,239+
    Base rent
    Verified Listing

    Summit At Keystone

    4.5 (13)
    6630 Glenbrook Drive, Indianapolis, IN 46220
    Apply online • Pet friendly • Fitness center
  • New Units Available 17 units available
    1 bd $983+
    2 bd $1,103+
    3 bd $1,959+
    Base rent Income restricted
    Verified Listing

    Woodlake

    3.5 (14)
    7401 Merganser Drive, Indianapolis, IN 46260
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    1 bd $990+
    2 bd $1,030+
    3 bd $1,415
    Base rent
    Verified Listing

    Estates At Crystal Bay

    7136 Crystal Bay Drive E, Indianapolis, IN 46260
    Apply online • Pet friendly • Pool
  • New Units Available 5 units available
    1 bd $999+
    2 bd $1,325
    3 bd $1,450
    Base rent
    Verified Listing

    A62 Apartments

    5.0 (1)
    6111 Allisonville Rd, Indianapolis, IN 46220
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,100

  • Rent specials 5 units available
    1 bd $1,010
    2 bd $1,200
    3 bd $1,525
    Base rent
    Verified Listing

    Carmel Woods

    4.5 (4)
    1010 Clubhouse Ct, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • New Units Available
    1 bd $1,024+
    2 bd $1,369+
    Base rent
    Verified Listing

    Avia Lofts At Founders Road

    4.5 (12)
    3553 Founders Road, Indianapolis, IN 46268
    Apply online • Pet friendly • Fitness center
  • 1 bd $1,029
    2 bd $1,049+
    Base rent
    Verified Listing

    The Hub At Nora

    3.5 (3)
    9000 N. College Ave, Indianapolis, IN 46240
    Apply online • Pet friendly • Patio/Balcony

  • More Rentals Near Carmel, IN

  • Apartments Under $1,200

  • Only 1 unit left
    1 bd $1,125
    2 bd $1,200
    Base rent
    Verified Listing

    588 Holly Court South

    4.0 (3)
    588 Holly Court South, Noblesville, IN 46060
    Apply online • Pet friendly
  • 1 bd $1,175+
    2 bd $1,335+
    3 bd $1,655+
    Base rent
    Verified Listing

    Sand Creek Woods

    5.0 (5)
    11640 Breezy Point Ln, Fishers, IN 46037
    Apply online • Cat friendly • Parking

  • More Rentals Near Carmel, IN

  • 1 bd $1,263+
    2 bd $1,180+
    Base rent
    Verified Listing

    Hamilton Square Apartments

    4.5 (38)
    808 Clubhouse Drive W, Westfield, IN 46074
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,300

  • New Units Available
    1 bd $1,221+
    2 bd $1,416+
    3 bd $1,575+
    Base rent
    Verified Listing

    Gramercy

    4.5 (10)
    945 Mohawk Hills, Carmel, IN 46032
    Apply online • Pet friendly • Fitness center
  • 1 bd $1,231
    2 bd $1,801
    Base rent
    Verified Listing

    The Levinson

    4.5 (16)
    880 Maple Avenue, Noblesville, IN 46060
    Apply online • Pet friendly • Parking
  • Rent specials New Units Available
    Studio $1,266+
    1 bd $1,457+
    2 bd $1,924+
    Base rent
    Verified Listing

    The Union At Grand Junction

    4.0 (1)
    170 Jersey Street, Westfield, IN 46074
    Apply online • Pet friendly • Parking

  • More Rentals Near Carmel, IN

  • 5 units available
    1 bd $1,290+
    2 bd $1,470+
    3 bd $1,770+
    Base rent
    Verified Listing

    Sunblest Apartments

    4.5 (30)
    11757 Garden Circle East, Fishers, IN 46038
    Apply online • Pet friendly • Fitness center
  • New Units Available 38 units available
    1 bd $1,290+
    2 bd $1,440+
    3 bd $1,750+
    Base rent
    Verified Listing

    Sunlake Apartments

    4.5 (9)
    12347 Windsor Drive, Fishers, IN 46038
    Apply online • Pet friendly • Parking
  • New Units Available 30 units available
    1 bd $1,298+
    2 bd $1,540+
    3 bd $2,005+
    Total monthly cost
    Verified Listing

    Lantern Woods Apartments

    10950 Lantern Woods Blvd., Fishers, IN 46038
    Apply online • Pet friendly • Fireplace
  • New Units Available
    Studio $1,615+
    1 bd $1,540+
    2 bd $2,195+
    Base rent
    Verified Listing

    Muse Carmel

    1685 E. 116Th Street, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • 3-22-city

Frequently asked questions

What is the price of a cheap apartment in Carmel, IN?

The price range of a cheap apartment is between $1,226 and $3,900.

How many cheap rentals are available in Carmel, IN on RentCafe?

There are 7 cheap rentals available on RentCafe. Prices and availability in Carmel, IN were last updated on 24 Aug 2026.

What is the average size of a cheap apartment in Carmel, IN?

The average Carmel, IN cheap apartment size is 1,018 sq. ft.

What are the advantages of renting a cheap apartment in Carmel, IN?

Cheap apartments in Carmel, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Carmel, IN?

A cheap apartment in Carmel, IN offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Carmel, IN? With RentCafe, finding an affordable apartment in Carmel, IN has never been easier. We feature 280 low-priced rentals directly from property managers, with rents lower than the Carmel, IN average. What is a cheap rent in Carmel, IN? The average apartment rent in Carmel is $1,713 per month so any rental south of $1,371 would be considered cheap here. On RentCafe, Carmel, IN rents go as low as $731/mo.