Apartments for Rent in Carmel, IN under $1200
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1 bd $1,0102 bd $1,200+Base rent4.5 (4)1010 Clubhouse Ct, Carmel, IN 46032Apply online • Pet friendly • Parking
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Only 1 unit left1 bd $1,095Base rent1640 Barn - Axos Bank Chimera, LLC, Carmel, IN 46280Apply online • Pet friendly -
More Rentals Near Carmel, IN
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1 bd $1,034+2 bd $1,027+Base rent4.5 (13)6630 Glenbrook Drive, Indianapolis, IN 46220Apply online • Pet friendly • Fitness center
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1 bd $802+2 bd $1,071+Base rent4.0 (31)951 Carlyle Lane, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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1 bd $1,130+Base rent5.0 (9)9250 Evergreen Avenue, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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1 bd $9502 bd $1,195Base rent Income restricted8921 Compton St, Indianapolis, IN 46240Apply online • Pet friendly • In unit laundry
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Studio $799+1 bd $1,0292 bd $1,099+Base rent3.5 (3)9000 N. College Ave, Indianapolis, IN 46240Apply online • Pet friendly • Patio/Balcony
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2 bd $1,195+Base rent4.5 (38)808 Clubhouse Drive W, Westfield, IN 46074Apply online • Pet friendly • Fitness center
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Studio $900+1 bd $980+2 bd $1,045+Base rent4.5 (125)1540 Handball Lane, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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1 bd $1,186+Base rent4.5 (26)9280 Chelsea Village Drive, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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1 bd $1,157+Base rent4.0 (9)10190 Allisonville Road, Fishers, IN 46038Apply online • Pet friendly • Pool
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1 bd $1,035+Base rent9414 San Miguel Drive, Indianapolis, IN 46250Apply online • Pet friendly • Fitness center
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1 bd $1,072+Base rent4.0 (5)9414 San Miguel Drive, Indianapolis, IN 46250Apply online • Pet friendly • Fitness center
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1 bd $1,059Base rent3.5 (5)1854 Century Way, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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1 bd $1,105+2 bd $1,065+Base rent8760 Le Mode Ct, Indianapolis, IN 46268Apply online • Pet friendly • Parking
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1 bd $1,111+Base rent1270 Sabrina Way, Westfield, IN 46074Pet friendly • Fitness center • Pool
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1 bd $1,075+Base rent6401 Woods Edge N Drive, Indianapolis, IN 46250Apply online • Pet friendly • Parking
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Studio $979+1 bd $1,079Base rent4.5 (12)3553 Founders Road, Indianapolis, IN 46268Apply online • Pet friendly • Fitness center
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1 bd $971+2 bd $1,096+Base rent Income restricted3.5 (14)7401 Merganser Drive, Indianapolis, IN 46260Apply online • Pet friendly • Parking
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1 bd $929+2 bd $1,111+Base rent5.0 (1)7676 Horsetail Dr, Indianapolis, IN 46260Apply online • Pet friendly • Parking
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2 bd $620+Total monthly cost Income restricted3.5 (11)11245 Lantern Rd, Fishers, IN 46038Pet friendly • Dishwasher • Patio/Balcony
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1 bd $1,150Base rent4.0 (2)3947 Point Bar Road, Indianapolis, IN 46268Apply online • Pet friendly • Pool
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1 bd $924+2 bd $1,108+Base rent3.5 (24)7503 Ivywood Circle, Indianapolis, IN 46250Apply online • Pet friendly • Fitness center
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1 bd $956+2 bd $1,177+Base rent5934 Carvel Avenue, Indianapolis, IN 46220Apply online • Pet friendly • Pool
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1 bd $802+2 bd $1,071+Base rent4.5 (25)2455 Rolls Drive, Indianapolis, IN 46268Pet friendly • Parking • In unit laundry
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Frequently asked questions
When were prices and availability in Carmel, IN last updated?
Prices and availability in Carmel, IN were last updated on 23 Jul 2026.
What are the best apartments in Carmel, IN?
The best apartments in Carmel, IN are: Portrait Midtown, Carmel Woods, North End Apartments, Carmel Center and Woodland Springs Apartment Homes.
What type of rental buildings are in Carmel, IN?
In Carmel, 26% of the residents are renting compared to 74% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Carmel's rentals, 64% are small-scale complexes with under 50 units, and 16% are single-family rentals.
Renting apartments in Carmel, IN under $1,200
Searching for apartments for rent in Carmel, IN under $1,200 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Carmel, IN, where the average rent is $1,242 per month, there are 134 units available for less than $1,200. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,200” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Carmel, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Carmel, IN going for $620 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.